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Corrupted Votes and Rule Compliance

By Arno Apffelstaedt Jana Freundt

òòò½Íø Journal: Microeconomics, November 2024

Allegations of voter fraud accompany many real-world elections. How does electoral malpractice affect the acceptance of elected institutions? Using an online experiment in which participants distribute income according to majority-elected rules, we show t...

The Inverse Product Differentiation Logit Model

By Mogens Fosgerau, Julien Monardo, and ´¡²Ô»å°ùé de Palma

òòò½Íø Journal: Microeconomics, November 2024

We introduce the inverse product differentiation logit (IPDL) model, a micro-founded inverse market share model for differentiated products that captures market segmentation according to one or more characteristics. The IPDL model generalizes the nested l...

The Status Quo and Belief Polarization of Inattentive Agents: Theory and Experiment

By ³Õ±ô²¹»å¾±³¾Ã­°ù ±·´Ç±¹Ã¡°ì, Andrei Matveenko, and Silvio Ravaioli

òòò½Íø Journal: Microeconomics, November 2024

We show that rational but inattentive agents can become polarized ex ante. We present how optimal information acquisition and subsequent belief formation depend crucially on the agent-specific status quo valuation. Beliefs can systematically—in expectat...

A Revealed Preference Test for Choquet and Max-Min Expected Utility with Ambiguity Aversion

By Thomas Demuynck and °ä±ôé³¾±ð²Ô³Ù Staner

òòò½Íø Journal: Microeconomics, November 2024

We develop a revealed preference test for the Choquet expected utility model with ambiguity aversion, which does not rely on specific functional form assumptions on the utility index. It is computationally efficient if the number of states is not too larg...

Fair Shares and Selective Attention

By Dianna R. Amasino, Davide D. Pace, and Joël J. van der Weele

òòò½Íø Journal: Microeconomics, November 2024

Attitudes toward fairness and redistribution differ along socioeconomic lines. To understand their formation, we conduct a large-scale experiment on attention to merit and luck and the effect of attention on fairness decisions. Randomly advantaged subject...

Bargaining in the Shadow of Uncertainty

By Marina Agranov, ±á³Ü̈±ô²â²¹ Eraslan, and Chloe Tergiman

òòò½Íø Journal: Microeconomics, November 2024

In bargaining environments with stochastic future surplus, failing to delay agreement can be inefficient when the expected future surplus is sufficiently high. Theoretically, such inefficiencies never arise under unanimity rule but can arise under majorit...

On Optimal Scheduling

By Kfir Eliaz, Daniel Fershtman, and Alexander Frug

òòò½Íø Journal: Microeconomics, November 2024

We consider a decision-maker sequentially choosing among alternatives when periodic payoffs depend on both chosen and unchosen alternatives in that period. We show that when flow payoffs are the sum or product of payoffs from chosen and unchosen alternati...

Institution Building without Commitment

By Marco Bassetto, Zhen Huo, and ´³´Ç²õé-³Õí³¦³Ù´Ç°ù ¸éí´Ç²õ-¸é³Ü±ô±ô

òòò½Íø Review, November 2024

We propose a theory of gradualism in the implementation of good policies, suitable for environments featuring time consistency. We downplay the role of the initial period by allowing agents both to wait for future agents to start equilibrium play and to r...