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Choosing the Stick or the Carrot? Endogenous Institutional Choice in Social Dilemma Situations

Haigner, Stefan; Kocher, Martin; Sutter, Matthias - C.E.P.R. Discussion Papers - 2006

We analyse an experimental public goods game in which group members can endogenously determine whether they want to supplement a standard voluntary contribution mechanism with the possibility of rewarding or punishing other group members. We find a large and positive effect of endogenous...

Persistent link: https://www.econbiz.de/10005114368

Storable Votes

Casella, Alessandra - C.E.P.R. Discussion Papers - 2002

Motivated by the need for more flexible decision-making mechanisms in the European Union, the paper proposes a simple but novel voting scheme for binary decisions taken by committees that meet regularly over time. At each meeting, committee members are allowed to store their vote for future use;...

Persistent link: https://www.econbiz.de/10005067626

Democracy Undone. Systematic Minority Advantage in Competitive Vote Markets

Casella, Alessandra; Turban, Sébastien - C.E.P.R. Discussion Papers - 2012

We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...

Persistent link: https://www.econbiz.de/10011084259

Prices, fundamental values and learning

Berardi, Michele - 2015

Persistent link: https://www.econbiz.de/10011413220

Minorities and Storable Votes

Casella, Alessandra; Palfrey, Thomas R; Riezman, Raymond - C.E.P.R. Discussion Papers - 2005

confirmed by a series of experiments: the frequency of minority victories, the relative payoff of the minority versus the …

Persistent link: https://www.econbiz.de/10005656276

Why Vote for Losers?

Castanheira, Micael - C.E.P.R. Discussion Papers - 2002

Voting Theory generally concludes that, in first-past-the-post elections, all votes should go to effective candidates (Duverger’s Law), and parties should adopt a similar platform (Median Voter Theorem). Such predictions are not always met in practice, however. We show why divergence and vote...

Persistent link: https://www.econbiz.de/10005067598

Sequential Exporting

Albornoz-Crespo, Facundo; Calvo Pardo, Hector F.; … - C.E.P.R. Discussion Papers - 2010

Many new exporters give up exporting very shortly, despite substantial entry costs; others shoot up foreign sales and expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of exporting firms. We posit that individual export...

Persistent link: https://www.econbiz.de/10008692316

On the Genesis of Multinational Foreign Affiliate Networks

Egger, Peter; Fahn, Matthias; Merlo, Valeria; Wamser, Georg - C.E.P.R. Discussion Papers - 2011

correlated learning may render it optimal to enter markets sequentially – an investment in market A is only followed by entry in …, we identify correlated learning across markets beyond alternative explanations as a key driver of gradualism in the …

Persistent link: https://www.econbiz.de/10009246612

Creativity, cities and innovation

Lee, Neil; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2013

The creative industries have long been seen as an innovative sector. More recent research posits that creative occupations are also a fundamental, but overlooked, driver of innovation. Theory also suggests cities are important for both creative industries and occupations, with urban environments...

Persistent link: https://www.econbiz.de/10011083220

Learning and Price Volatility in Duopoly Models of Resource Depletion

Ellison, Martin; Scott, Andrew - C.E.P.R. Discussion Papers - 2009

We introduce learning into a Hotelling model of a non-renewable resource market. By combining learning and scarcity we … add significantly to the dynamics implied by learning and substantially enhance the volatility of commodity prices. In our … learning model we show how a self confirming equilibrium exists but is not constant over time. As scarcity increases the SCE …

Persistent link: https://www.econbiz.de/10004973966