Open AccessPosted Content
Voting as a Credible Threat.
John Londregan,Andrea Vindigni +1 more
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The authors argue that elections can clarify the likely consequences of violence, and so facilitate peaceful resolution, and show that even plebiscitory elections that do no select the political decision makers may communicate enough information to avoid civil war.Abstract:
We oer a rationale for elections that take place in the shadow of power. Factions unhappy with policy can threaten violence, but when they do not share the same beliefs about their chances of victory at arms, mutual overcondence can precipitate civil war. We argue that elections can clarify the likely consequences of violence, and so facilitate peaceful resolution. Our theory is based on the recognition that both voting and gh ting are intrinsically correlated actions. We show that even plebiscitory elections that do no select the political decision makers may communicate enough information to avoid civil war.read more
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Book ChapterDOI
Economy and Society
TL;DR: The four Visegrad states (Poland, Czech Republic, Slovakia and Hungary) form a compact area between Germany and Austria in the west and the states of the former USSR in the east as discussed by the authors.
Theory and Experiment
TL;DR: The authors studies the impact of ambiguity and ambiguity aversion on equilibrium asset prices and portfolio holdings in competitive financial markets, and finds that attitudes toward ambiguity are heterogeneous across the population, just as attitudes toward risk are heterogenous across the populations, but that heterogeneity of attitudes towards ambiguity has different implications than heterogeneity of attitude toward risk, and that investors who have cognitive biases do not affect prices because they are infra-marginal.
Posted Content
Two Tier Reforms of Employment Protection: A Honeymoon Effect?
Tito Boeri,Pietro Garibaldi +1 more
TL;DR: In this paper, the authors argue that two-tier labor market reforms have a transitional honeymoon, job creating effect and predict that in the aftermath of reforms, beyond an increase in employment, there should be a reduction in employment inaction and in the mean and cross sectional variance of labor productivity.
Journal ArticleDOI
Two Tier Reforms of Employment Protection: a Honeymoon Effect?*
Tito Boeri,Pietro Garibaldi +1 more
TL;DR: In this article, the authors argue that two-tier labour market reforms have a transitional "honeymoon", job creating effect and predict that in the aftermath of reforms, beyond an increase in employment, there should be a reduction in "employment inaction" and in the mean and cross-sectional variance of labour productivity.
Journal ArticleDOI
Oligarchic versus democratic societies
TL;DR: The authors developed a model to analyze economic performance under different political regimes and found that when taxes in democracy are high and the distortions caused by entry barriers are low, an oligarchic society achieves greater efficiency.
References
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Book
Judgment Under Uncertainty: Heuristics and Biases
Amos Tversky,Daniel Kahneman +1 more
TL;DR: The authors described three heuristics that are employed in making judgements under uncertainty: representativeness, availability of instances or scenarios, and adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available.
Journal ArticleDOI
Judgment Under Uncertainty: Heuristics and Biases.
TL;DR: Three heuristics that are employed in making judgements under uncertainty are described: representativeness, availability of instances or scenarios, which is often employed when people are asked to assess the frequency of a class or the plausibility of a particular development.
Journal ArticleDOI
The Optimal Degree of Commitment to an Intermediate Monetary Target
TL;DR: In this article, it is shown that the ideal central bank should place a large, but finite, weight on inflation, and a new framework for choosing among alternative intermediate monetary targets is proposed.
Book ChapterDOI
Economy and Society
TL;DR: The four Visegrad states (Poland, Czech Republic, Slovakia and Hungary) form a compact area between Germany and Austria in the west and the states of the former USSR in the east as discussed by the authors.
Book
Democracy and the Market: Political and Economic Reforms in Eastern Europe and Latin America
TL;DR: The authors analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America, drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory.