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Malenko, Andrey; Malenko, Nadya - National Bureau of Economic Research - 2023

Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has … come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over … environmental and social issues. Major fund managers now offer their investors a choice: delegate their votes to the fund or cast …

Persistent link: https://www.econbiz.de/10014337868

Party Discipline and Pork Barrel Politics

Grossman, Gene M. - 2005

Polities differ in the extent to which political parties can pre-commit to carry out promised policy actions if they take power. Commitment problems may arise due to a divergence between the ex ante incentives facing national parties that seek to capture control of the legislature and the ex...

Persistent link: https://www.econbiz.de/10012467285

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Sala-i-Martin, Xavier - National Bureau of Economic Research - 1992

Persistent link: https://www.econbiz.de/10000136781

The decline of the welfare state : demography and globalization

Razin, Asaf; Tsadḳah, Efrayim - 2005

In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a...