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The management of the welfare state in a heterogeneous society is a growing challenge in Europe. This paper investigates the relationship between diversity and the welfare state by studying the citizens’ satisfaction about public services across European regions; it also establishes a link between research on diversity and the welfare state, and fiscal federalism theory, by focusing on the provision...
This paper reports an experimental test of the relative efficiency of a whistleblowing‐based audit scheme compared to a random‐based audit scheme. We design a between‐subjects laboratory experiment with two treatments: a benchmark with a random‐based audit scheme and an alternative treatment in which taxpayers can blow the whistle. Compared to the benchmark, the whistleblowing‐based audit scheme (i)...
The role of government involvement in firms has received a lot of attention in the last few decades. Government involvement could result in a ‘supporting hand’ and a ‘grabbing hand’. This paper investigates how government control influences the financial performance of Chinese listed firms. We use a panel data set of firms publicly traded on the stock exchanges of Shanghai and Shenzhen over the period...
We study whether the positive effects of homeownership on political participation and social capital, found in developed market economies, extend to post‐communist countries. We use the privatization of publicly‐owned housing in post‐communist countries as an exogenous source of variation of homeownership status to identify its impact on political participation and social capital formation. We find...
This study analyzes whether subjective well‐being measures can explain variation in peaceful uprisings, in addition to the objective measures typically used in analyses of this type of events. Using data on uprisings and subjective well‐being for 119 countries from 2007 to 2014 – a period during which nonviolent conflict became increasingly prevalent – we estimate panel data regressions, including...
After a decade of correlational research, this study attempts to measure the causal impact of (general) smartphone use on educational performance. To this end, we merge survey data on general smartphone use, exogenous predictors of this use, and other drivers of academic success with the exam scores of first‐year students at two Belgian universities. The resulting data are analysed with instrumental...
This comparative study examines the relationship between excess weight and hourly wages in the unprecedented context of middle‐income countries. We compare three countries that are at different stages of the nutrition transition: India (at an early stage), China (at an intermediate stage) and Mexico (at an advanced stage). To do so, we use three distinct household surveys and combine different estimation...
This paper investigates the determinants of public‐sector efficiency, in particular the role of fiscal decentralization and fiscal rules. For 23 European countries over the period from 1995 to 2015, we construct a measure of public‐sector performance consisting of nine distinct indices for each area of public policy, such as administration, health education, economic performance, security and infrastructure...
Based on an extensive literature review, this paper proposes to define social banks (SBs) as social enterprises that run banking activities with the social mission of supplying credit to other social enterprises, which are typically less profitable than for‐profit businesses. This definition marks our starting point for developing a theoretical framework to explain how SBs survive without subsidies...
The performance of parties at the national level is likely to influence election results at the local level, and vice versa. However, researchers have not yet quantified those electoral externalities. We apply vector autoregressions with predetermined variables to new high‐frequency opinion poll data for the German state of Berlin, measuring voting intentions of Berlin voters for the state parliament...
National institutional settings are important to small business performance. However, national institutions take time to change. So, is there any way to boost firm performance in ‘weak’ institutional environments? This study aims to answer this question by examining the role of local institutions represented by the quality of local governance, instead of the very broad national constitutional configurations...
This article leads off a special symposium comprised of a select group of public choice economists and political scientists that assembled to reflect on the important contribution that Arthur T. Denzau and Douglass C. North’s seminal piece on Shared Mental Models (1993) has made over the last quarter of a century. Relatedly, we apply concepts from Denzau and North’s Shared Mental Models to suggest...
A pandemic is not only a biological event and a public health disaster, but it also generates impacts that are worth understanding from economic, societal, historical, and cultural perspectives. In this contribution, we argue that as the disease spreads, we are able to harness a valuable key resource: people who have immunity to coronavirus. This vital resource must be effectively employed, it must...
Preferences and beliefs are more widely and systematically shared than might be predicted by a subjective, idiosyncratic view arising out of neoclassical economics. Two works were published twenty five years ago on just this question, contesting conceptions of belief acquisition: Denzau and North (1994) and Hinich and Munger (1994). Denzau and North argued that beliefs are simplified representations...
For more than two decades, outsourcing – the business practice of transferring jobs, knowledge, and technologies from high‐ to low‐cost countries – has been a leading public policy issue in the U.S. and other economies. Policymakers respond to public concerns over outsourcing in two ways. One, they craft an electoral message to attract voters, and two, they choose policy responses. Two competing ideologies...
Since the neoclassical revolution of the 1870s, reasoning and analysis in economic theory has been dominated by utility theory, in which: Action implies Outcome implies Utility. I describe three prominent and unexpected failures of this utilitarian framework to predict the replicable outcomes of experiments. First, in supply and demand experiments for non‐durables the predicted equilibrium obtains,...
Arthur Denzau and Douglass North’s paper “Shared Mental Models: Ideologies and Institutions” seeks to explain differences in economic performance across time and space recognizing that under conditions of uncertainty actors base their decisions “in part upon […] myths, dogmas, ideologies, and ‘half‐baked’ theories.” The model Denzau and North develop is firmly rooted in the orthodoxy of economics...
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