The Coleman–Shapley index: being decisive within the coalition of the interested

Public Choice - The Coleman power of a collectivity to act (CPCA) is a popular statistic that reflects the ability of a committee to pass a proposal. Applying the Shapley value to that measure, we...     

Technology use and availability in entrepreneurship: informal economy as moderator of institutions in emerging economies

This paper investigates the contextual influences of institutions on the use of latest available technologies by early stage entrepreneurs in emerging economies. Hypotheses are developed and then tested using multi-level modeling techniques on a dataset covering entrepreneurs in 20 emerging economies. We utilized 10,431 individual-level responses from the Global Entrepreneurship Monitor survey from 2002 to 2008 and complemented it with data on country-level institutions such as the size of a country’s informal economy, intellectual property rights (IPR) regimes obtained from the Index of Economic Freedom and inward foreign direct investment (FDI) from the World Bank Group. Results on the direct effects suggest that levels of FDI negatively influences the use of latest technology by entrepreneurs in emerging economies, while the moderation effects of informal economy suggest that as its size increases (1) the negative effects IPR on the use of latest technology by entrepreneurs strengthens, and (2) the negative effects of FDI on the use of latest technology strengthens. These findings support the overall proposition that the size of a country’s informal economy is an important moderator of institutional influences on technology use by entrepreneurs in emerging economies. More generally, the study proposes that institutions may not have the same effects on entrepreneurs in emerging economies that might be expected in developed countries, suggesting that future research should take the level of socio-economic development of a country into account when theorizing the role of institutions.     

Measuring Party Identification: Britain, Canada, and the United States

The article proposes an empirically based reflection on how to measure party identification cross nationally, using data from the 1997 Canadian Election Study, the 1997 British Election Study, and the 1996 American National Election Study. These studies included both traditional national questions and a new common one, which allows for an assessment of the effects of question wording on the distribution and correlates of party identification. We show that the distribution of party identification is strongly affected by question wording and that the relationship between party identification and variables such as party and leader ratings, and voting behavior does not quite conform to theoretical expectations. We point out problems in the wording of party identification questions and propose an alternative formulation.     

Taking Others into Account: Self‐Interest and Fairness in Majority Decision Making

Research on the formal properties of democratic aggregation mechanisms has a long tradition in political science. Recent theoretical developments, however, show that in the discussion of normative contents of democratic decisions, the actual shape of preferences deserves just as much attention. However, our knowledge about the concrete motivations of individual behavior in democratic decisions is incomplete. Using laboratory experiments, this article examines the existence of social preferences in majority decisions. Contrary to earlier experiments of committee decision making, we develop a design that controls for the conditions of communication and the level of information between subjects. This allows us to comparatively test the predictive power of several theories. We find strong evidence that self‐interest and fairness motivate human behavior in majority decisions.     

Majority shareholder protection by variable qualified majority rules

In this paper, we analyze judicial review according to the German Stock Corporation Act (Aktiengesetz, §§ 243 et seqq.) and its blocking effect with the help of concepts of cooperative game theory. In particular, we suggest variable qualified majority rules as ingredients of arrangements which balance the interests of a majority shareholder and of the minority shareholders.

Surviving local government policy intervention: the case of embedded markets within a historical cultural cluster

China's name derives from “china” (porcelain), and “China” (pronounced as “Changnan”) is the former name of Jingdezhen, the capital city of porcelain—through whose exports of “blue‐and‐white” china the country gained international renown. The 2200‐year‐old porcelain cluster in Jingdezhen has survived through multiple empires with distinct policies towards the development of the city's dominant industry. This in‐depth case study examines interactions between local government and the business community to discover the effectiveness of policies and the perception of those policies by entrepreneurs through qualitative research employing Grounded Theory methodology. The centralized institutional structure in China contributes significantly to the findings of a total split of “government action” from “public perception” and leads to new considerations for policy‐makers to redesign their economic development strategies and plans to engender real effects in the desired direction. This paper also provides an exemplary lesson for historical cultural clusters seeking to escape from unfavorable policy interference. Copyright © 2016 John Wiley & Sons, Ltd.