Showing 1 - 10 of 77
This paper shows that peer pressure may lead to dynamic convergence to a norm that is skewed with respect to preferences in society, yet is endogenously upheld by the population. Moreover, a skewed norm will often be more sustainable than a representative norm. This may explain the skewness of...
Persistent link: https://www.econbiz.de/10010374440
This paper studies the aggregate distribution of declared opin- ions and behavior when heterogeneous individuals make the trade- off between being true to their private opinions and conforming to an endogenous social norm. The model sheds light on how various punishment regimes induce conformity...
Persistent link: https://www.econbiz.de/10010374472
This paper studies the dynamic process of revolutions and mass protests. In a unified framework we explain three classes of revolutions that have been observed historically and earlier models cannot explain: 1) a revolution where the most extreme opponents of the regime protest fiercely and...
Persistent link: https://www.econbiz.de/10011585172
This paper studies theoretically the aggregate distribution of revealed preferences when heterogeneous individuals make the trade off between being true to their real opinions and conforming to a social norm. We show that in orthodox societies, individuals will tend to either conform fully or...
Persistent link: https://www.econbiz.de/10013240114
Persistent link: https://www.econbiz.de/10012217319
Persistent link: https://www.econbiz.de/10012264692
This paper analyzes the equilibrium strength of prescriptive norms to contribute to public goods. We consider three methods of establishing what an acceptable contribution to the public good is. Under the first method, the contribution of the bottom contributor is the reference point by which...
Persistent link: https://www.econbiz.de/10012014923
In many contexts individuals are subject to norms and decisions they disagree with ideologically. What is the effect of regularly being in an ideological minority on the propensity to confront majority norms and decisions? We study this in an ideologically-salient field setting US appeals courts...
Persistent link: https://www.econbiz.de/10014082635
This paper shows that a seemingly simple assumption, regarding the time horizon of economic agents, can reconcile the puzzling long run price dynamics of exhaustible resources such as oil, gas and metals. It does so by exploring the possibility that economic agents use a rolling planning...
Persistent link: https://www.econbiz.de/10010374442
This paper explores intergenerational transmission of culture and the consequences of a plausible assumption: that people care not only for their children's culture but also for how their grand-children are raised. This departs from the previous literature which, without exception, assumes...
Persistent link: https://www.econbiz.de/10011973892