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Dekel, Eddie; Jackson, Matthew O.; Wolinsky, Asher - EconWPA - 2005

We examine the consequences of vote buying, assuming this practice were allowed and free of stigma. Two parties competing in a binary election may purchase votes in a sequential bidding game via up-front binding payments and/or campaign promises (platforms) that are contingent upon the outcome...

Persistent link: https://www.econbiz.de/10005118888

Offensive Performance, Omitted Variables, and the Value of Speed in Baseball

Turocy, Theodore L. - EconWPA - 2003

This note considers the problem of estimating the marginal products of offensive events towards a baseball team's objective of scoring runs. Regression techniques on official statistics give a positive marginal product for a stolen base attempt, which is inconsistent with the theory of mixed...

Persistent link: https://www.econbiz.de/10005119071

Does Ethics Training Neutralize the Incentives of the Prisoner's Dilemma? Evidence from a Classroom Experiment

Harvey S. James Jr.; Cohen, Jeffrey - EconWPA - 2002

training reverse that effect and promote cooperation? We conducted an experiment to answer this question. We found that … students who had the ethics module had higher rates of cooperation than students without the ethics module, even after … controlling for communication and other factors expected to affect cooperation. We conclude that the teaching of ethics can …

Persistent link: https://www.econbiz.de/10005119370

Does partisan alignment affect the electoral reward of intergovernmental transfers?

Sole-Olle, Albert; Sorribas-Navarro, Pilar - Facultat d'Economia i Empresa, Universitat de Barcelona - 2008

In this paper we test the hypothesis that intergovernmental grants allocated to co-partisans buy more political support than grants allocated to local governments controlled by opposition parties. We use a rich Spanish database containing information about the grants received by 617...

Persistent link: https://www.econbiz.de/10005120735

Absolute Expediency and Imitative Behaviour

Siles, Antonio J. Morales - Centro de Estudios Andaluces, Government of Andalusia - 2002

This paper analyses a model of learning by imitation, where besides the decision maker, there is a population of individuals facing the same decision problem. We analyze a property called Absolute Expediency, which requires that the decision maker's expected payoff increases from one round to...

Persistent link: https://www.econbiz.de/10005121288

A Behavioral Foundation for Models of Evolutionary Drift

Ayo, Uriarte; Ramón, José - Departamento de Fundamentos del Análisis Económico I, … - 2005

Binmore and Samuelson (1999) have shown that perturbations (drift) are crucial to study the stability properties of Nash equilibria. We contribute to this literature by providing a behavioural foundation for models of evolutionary drift. In particular, this article introduces a microeconomic...

Persistent link: https://www.econbiz.de/10005121342

Deception through telling the truth?! Experimental evidence from individuals and teams

Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2007

Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...

Persistent link: https://www.econbiz.de/10005427644

The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition

Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2009

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...

Persistent link: https://www.econbiz.de/10005427646

Group polarization in the team dictator game reconsidered

Luhan, Wolfgang; Kocher, Martin; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2007

While most papers on team decision-making find that teams behave more selfishly, less trustingly and less altruistically than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group...

Persistent link: https://www.econbiz.de/10005427663

Project financing versus corporate financing under asymmetric information

Miglo, Anton - Department of Economics and Finance, College of … - 2008

In recent years financing through the creation of an independent project company or financing by non-recourse debt has become an important part of corporate decisions. Shah and Thakor (JET, 1987) argue that project financing can be optimal when asymmetric information exists between firm's...

Persistent link: https://www.econbiz.de/10005429836