G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w22916
来源IDWorking Paper 22916
The Demand for Bad Policy when Voters Underappreciate Equilibrium Effects
Ernesto Dal Bó; Pedro Dal Bó; Erik Eyster
发表日期2016-12-12
出版年2016
语种英语
摘要Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding bad policy. In this paper, we posit that voters may systematically err when assessing potential changes in policy by underappreciating how new policies lead to new equilibrium behavior. This biases voters towards policy changes that create direct benefits—welfare would rise if behavior were held constant—even if these policies lower welfare because people adjust behavior. Conversely, voters are biased against policies that impose direct costs even if they induce larger indirect benefits. Using a lab experiment, we find that a majority of subjects vote against policies that, while inflicting negative direct effects, would help them to overcome social dilemmas and thereby increase welfare; conversely, subjects support policies that, while producing direct benefits, create social dilemmas and ultimately hurt welfare; both mistakes arise because subjects fail to fully anticipate the equilibrium effects of new policies. More precisely, we establish that subjects systematically underappreciate the extent to which policy changes affect other people's behavior, and that these mistaken beliefs exert a causal effect on the demand for bad policy.
主题Microeconomics ; Welfare and Collective Choice ; Public Economics ; Taxation
URLhttps://www.nber.org/papers/w22916
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/580589
推荐引用方式
GB/T 7714
Ernesto Dal Bó,Pedro Dal Bó,Erik Eyster. The Demand for Bad Policy when Voters Underappreciate Equilibrium Effects. 2016.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w22916.pdf(390KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Ernesto Dal Bó]的文章
[Pedro Dal Bó]的文章
[Erik Eyster]的文章
百度学术
百度学术中相似的文章
[Ernesto Dal Bó]的文章
[Pedro Dal Bó]的文章
[Erik Eyster]的文章
必应学术
必应学术中相似的文章
[Ernesto Dal Bó]的文章
[Pedro Dal Bó]的文章
[Erik Eyster]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w22916.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。