Vollan, Björn; Zhou, Yexin; Landmann, Andreas; Hu, Biliang - Institut für Finanzwissenschaft, Fakultät für … - 2013
There is ample evidence for a “democracy premium”. Laws that have been implemented via election lead to a more cooperative behavior compared to a top-down approach. This has been observed using field data and laboratory experiments. We present evidence from Chinese students and workers who...