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作者：Ujhelyi, Gergely; Chatterjee, Somdeep; Szabo, Andrea
作者单位：University of Houston System; University of Houston; Indian Institute of Management (IIM System); Indian Institute of Management Lucknow
摘要：Who are protest voters and do they affect elections? We study this question using the introduction of a pure protest option (None Of The Above (NOTA)) on Indian ballots. Using structural estimation, we find that in elections without NOTA, most protest voters simply abstain. Protest voters who turn out scatter their votes among many candidates and consequently have little impact on election results. From a policy perspective, NOTA may be an effective tool to increase political participation, an...
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作者：Bouacida, Elias; Martin, Daniel
作者单位：Lancaster University; Northwestern University
摘要：When choices are inconsistent due to behavioral biases, there is a theoretical debate about whether the structure of a model is necessary for providing precise welfare guidance based on those choices. To address this question empirically, we use standard data sets from the lab and field to evaluate the predictive power of two model-free approaches to behavioral welfare analysis. We find they typically have high predictive power, which means there is little ambiguity about what should be select...
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作者：Che, Yeon-Koo; Sakovics, Jozsef
作者单位：Columbia University; University of Edinburgh; Universitat de les Illes Balears
摘要：We reexamine the role of incomplete contracts in a dynamic model of renegotiation that endogenizes the timing of investments and trade. The interaction between bargaining and investment significantly alters the lessons learned from static models. When the opportunity to trade is expected to be long lasting, contracts that exacerbate the parties' absolute vulnerability to hold-up-especially following under-investment-are desirable. For example, joint ownership of complementary assets can be opt...
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作者：Matejka, Filip; Tabellini, Guido
作者单位：Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Charles University Prague; Bocconi University
