Showing 1 - 10 of 77
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/10005136600
This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods when member states may leave the economic federation. We show that federal ex-post redistribution under a binding participation constraint does not...
Persistent link: https://www.econbiz.de/10011077774
Persistent link: https://www.econbiz.de/10001788743
The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses preferences (where people compare their own current consumption with...
Persistent link: https://www.econbiz.de/10010939572
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/10005084615
We study budget formation in a model featuring separation of powers. In our model, the legislature designs a budget bill that can include a cap on total spending and earmarked allocations to designated public projects. Each project provides random benefits to one of many interest groups. The...
Persistent link: https://www.econbiz.de/10005050203
This paper concerns the welfare consequences of environmental policy cooperation in a two-country economy. We assume … competition in the labor market. The purpose is to characterize the welfare effect of a policy reform, where the countries agree … to slightly increase their expenditures on abatement. We show how the welfare effect of the policy reform depends on …
Persistent link: https://www.econbiz.de/10005582180
We study budget formation in a model featuring separation of powers. In our model, the legislature designs a budget bill that can include a cap on total spending and earmarked allocations to designated public projects. Each project provides random benefits to one of many interest groups. The...
Persistent link: https://www.econbiz.de/10005791745
Persistent link: https://www.econbiz.de/10011663079
This book cleverly integrates the research on welfare measurement and social accounting in imperfect market economies …. In their previously acclaimed volume, Welfare Measurement, Sustainability and Green National Accounting, the authors …1. Introduction -- 2. Our workhorse : the Brock model -- 3. A money-metrics version of Weitzman's welfare theorem -- 4 …
Persistent link: https://www.econbiz.de/10011851736