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作者：Louis, Philippos; Nunez, Matias; Xefteris, Dimitrios
作者单位：University of Cyprus; Institut Polytechnique de Paris; ENSAE Paris; Institut Polytechnique de Paris; Ecole Polytechnique
摘要：Collective choice mechanisms are used by groups to reach decisions in the presence of diverging preferences. But can the employed mechanism affect the degree of post-decision actual agreement (i.e., preference homogeneity) within a group? And if so, which are the features of the choice mechanisms that matter? Since it is difficult to address these questions in natural settings, we employ a theory-driven experiment where, after the group collectively decides on an issue, individual preferences ...
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作者：Ascari, Guido; Haber, Timo
作者单位：University of Oxford; University of Pavia; University of Cambridge
摘要：A sticky price theory of the transmission mechanism of monetary policy shocks based on state-dependent pricing yields two testable implications that do not hold in time-dependent models. First, large monetary policy shocks should yield proportionally larger initial responses of the price level. Second, in a high trend inflation regime, the response of the price level to monetary policy shocks should be larger and real effects smaller. Our analysis provides evidence supporting these non-linear ...
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作者：Dippel, Christian; Gold, Robert; Heblich, Stephan; Pinto, Rodrigo
作者单位：National Bureau of Economic Research; Leibniz Association; Ifo Institut; University of Toronto; IZA Institute Labor Economics; Leibniz Association; Ifo Institut; University of London; London School Economics & Political Science; University of California System; University of California Los Angeles
摘要：We investigate economic causes of the rising support of populist parties in industrialised countries. Looking at Germany, we find that exposure to imports from low-wage countries increases the support for nationalist parties between 1987-2009, while increasing exports have the opposite effect. The net effect translates into increasing support of the right-populist Alternative for Germany party after its emergence in 2013. Individual data from the German Socio-Economic Panel reveal that low-ski...
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作者：Tian, Jianrong
作者单位：University of Hong Kong
摘要：This paper provides a simple unified analysis of optimal interval division problems. My primitive is a cell function that assigns a value to each subinterval (cell). Submodular cell functions conveniently imply the property of decreasing marginal returns. Also, for coarse decision problems, optimal cutoffs commonly increase as prior belief shifts upward. Its implications on language and efficient menus are discussed.
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作者：Bouton, Laurent; Gallego, Jorge; Llorente-Saguer, Aniol; Morton, Rebecca
作者单位：Georgetown University; Universidad del Rosario; University of London; Queen Mary University London; Centre for Economic Policy Research - UK; New York University
摘要：We study experimentally the properties of the majority run-off system and compare them to those of plurality rule. Our focus is on Duverger's famous prediction that the plurality rule leads to higher co-ordination of votes on a limited number of candidates than the majority run-off rule. We find strong co-ordination forces under both systems. However, as predicted by the theory, in some cases these forces are stronger under plurality. Despite these differences in voting behaviour, we find smal...
