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History, Expectations, and Leadership in the Evolution of Social Norms

Acemoglu, Daron - 2011

We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods … completely drives equilibrium play, leading to a social norm of high or low cooperation. In intermediate cases, the impact of … leverage their greater visibility to influence expectations of future agents and overturn social norms of low cooperation. We …

Persistent link: https://www.econbiz.de/10013124659

How Modern Dictators Survive : An Informational Theory of the New Authoritarianism

Guriev, Sergei - 2015

We develop an informational theory of dictatorship. Dictators survive not because of their use of force or ideology but …

Persistent link: https://www.econbiz.de/10013023344

What Does the Public Know About Economic Policy, and How Does it Know it?

Blinder, Alan S.; Krueger, Alan B. - 2021

Public opinion influences politicians, and therefore influences public policy decisions. What are the roles of self-interest, knowledge, and ideology in public opinion formation? And how do people learn about economic issues? Using a new, specially-designed survey, we find that most respondents...

Persistent link: https://www.econbiz.de/10013222321

Starting Small : Endogenous Stakes and Rational Cooperation

Andreoni, James - 2016

types can be exploited to enhance cooperation by structuring the twice-played prisoners' dilemma to “start small,” so that …

Persistent link: https://www.econbiz.de/10012999993

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis N. - 2018

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012920474

The Political Coase Theorem : Experimental Evidence

Galiani, Sebastián - 2014

efficient policies regardless of the distribution of bargaining power among them. This paper uses a laboratory experiment to … at low levels of commitment there is more cooperation than strictly predicted by our parameterized model while the …

Persistent link: https://www.econbiz.de/10013057824

The Political Economy of Public Debt : A Laboratory Study

Battaglini, Marco - 2016

This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation … debt associated with larger majority requirements. Also in line with the theory, we find that debt is lower when the …

Persistent link: https://www.econbiz.de/10012986701

Agency Problems and the Fate of Capitalism

Morck, Randall - 2010

Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns …

Persistent link: https://www.econbiz.de/10013136737

The Shape of Temptation : Implications for the Economic Lives of the Poor

Banerjee, Abhijit V. - 2010

This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of goods that generate positive utility for the self that consumes them, but not for any previous...

Persistent link: https://www.econbiz.de/10013143763

Optimal Taxation with Rent-Seeking

Rothschild, Casey G. - 2011

Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...

Persistent link: https://www.econbiz.de/10013125562