Showing 31 - 40 of 44
We examine whether democratic societies can escape poverty traps. Unrestricted agenda setting with simple majority rules fail to educate a society, because education-enhancing redistribution will not occur. We show that a combination of suitable constitutional rules overcomes this impossibility...
Persistent link: https://www.econbiz.de/10003039641
rotating agenda setting, a taxpayer-protection rule and repeated voting. The latter rule makes vote buying prohibitively costly. …
Persistent link: https://www.econbiz.de/10003762209
We introduce a two-stage, multiple-round voting procedure where the thresholds needed for approval require a qualified …
Persistent link: https://www.econbiz.de/10012954175
private information truthfully before voting takes place. Depending on the distance between two feasible public good levels …, the optimal mechanism involves either one or two voting rounds. We show that procedural efficiency cannot be achieved by … communication among all citizens prior to voting. Finally, we outline several applications of the mechanism …
Persistent link: https://www.econbiz.de/10012994342
We introduce 'Balanced Voting', a new voting scheme that is particularly suitable for making fundamental societal …, and others that care much less. In a two-stage procedure, Balanced Voting works as follows: Citizens may abstain from … voting on a fundamental direction in a first stage. In a second voting stage, this guarantees them a voting right on the …
Persistent link: https://www.econbiz.de/10013029765
Based on contribution patterns to parties in Germany and elsewhere, we suggest that democracies should use a mixed system where private funding can play a larger role than public funding. In Germany the high level of public funding for parties can be reduced without expecting undesirable effects...
Persistent link: https://www.econbiz.de/10011514063
We examine the division of resources among individuals by flexible majority rules where the majority necessary to adopt a proposal depends on the proposal itself. For instance, the size of the majority may increase with the maximal difference between the shares individuals receive. For large...
Persistent link: https://www.econbiz.de/10014119215
In this paper we examine the potential of democratic constitutions for the provision of divisible public goods in a large economy. Our main insights are as follows: When aggregate shocks are absent, the combination of the following rules yields first-best allocations: a supermajority rule, equal...
Persistent link: https://www.econbiz.de/10013147793
-setting only by ensuring subsistence levels of consumption and applying simple majority voting as decision rule fails to enable a … suitable constitutional rules can, however, overcome poverty and induce economic well-being. Besides majority voting, these …
Persistent link: https://www.econbiz.de/10013318362
In this paper we examine how individuals should be treated with respect to taxes, subsidies and agenda setting in constitutions in order to obtain efficient allocations of public goods and to limit tax distortions. We show that if public goods are socially desirable, the simple majority rule as...
Persistent link: https://www.econbiz.de/10013321358