Moral Cost, Commitment, and Committee Size
Copyright policy )Moral Cost, Commitment, and Committee Size
Consider a committee that in the past has made a promise not to confiscate the profits from an investor. After the investment has taken place, there is a material benefit if the committee decides to default on the earlier promise. But in some situations there are also some small moral costs for those who vote in favor of default. For the symmetric equilibrium, for given benefits of default, time-consistent default can be ruled out for sufficiently large committees.
- University College London United Kingdom
- Institute for the Study of Labor Germany
- Centre for Economic Policy Research United Kingdom
- Max Planck Society Germany
- Max Planck Institute for Tax Law and Public Finance Germany
theory formation, coordination, democracy, Economics, Opportunismus, Mehrheitswahl, Verhalten, Sociology & anthropology, D71, internationale Wirtschaftsbeziehungen, D72, group membership, Theoriebildung, Psychology, coordination,commitment,democracy,voting, H77, Auslandsinvestition, ddc:330, Wirtschaft, Economic Sectors, Gruppenzugehörigkeit, fraud, Wirtschaftssoziologie, Sozialpsychologie, group size, Betrug, Social Psychology, Sociology of Economics, decision, Entscheidung, opportunism, basic research, Bindung, behavior, Gruppengröße, commitment, morality, Moral, Wirtschaftssektoren, Psychologie, Soziologie, Anthropologie, foreign investment, voting, majority election, international economic relations, Grundlagenforschung, ddc: ddc:150, ddc: ddc:301, ddc: ddc:330, jel: jel:D71, jel: jel:D72, jel: jel:H77
theory formation, coordination, democracy, Economics, Opportunismus, Mehrheitswahl, Verhalten, Sociology & anthropology, D71, internationale Wirtschaftsbeziehungen, D72, group membership, Theoriebildung, Psychology, coordination,commitment,democracy,voting, H77, Auslandsinvestition, ddc:330, Wirtschaft, Economic Sectors, Gruppenzugehörigkeit, fraud, Wirtschaftssoziologie, Sozialpsychologie, group size, Betrug, Social Psychology, Sociology of Economics, decision, Entscheidung, opportunism, basic research, Bindung, behavior, Gruppengröße, commitment, morality, Moral, Wirtschaftssektoren, Psychologie, Soziologie, Anthropologie, foreign investment, voting, majority election, international economic relations, Grundlagenforschung, ddc: ddc:150, ddc: ddc:301, ddc: ddc:330, jel: jel:D71, jel: jel:D72, jel: jel:H77
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