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God does not play dice, but people should : random selection in politics, science and society
Frey, Bruno S.; Steiner, Lasse - 2014
This paper discusses and proposes random selection as a component in decision-making in society. Random procedures have played a significant role in history, especially in classical Greece and the medieval city-states of Italy. We examine the important positive features of decisions by random...
Persistent link: https://www.econbiz.de/10010359999
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Tullock challenges : happiness, revolutions and democracy ; First tullock lecture: European Public Choice Conference, Rennes, 28 April - 1 May 2011
Frey, Bruno S. - 2011
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical "Tullock Challenges". The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10009739166
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Democratization or Repression?
Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999
Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such … therefore be forced to choose between repression and the most generous concession, a transition to full democracy. …
Persistent link: https://www.econbiz.de/10005666486
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A Theory of Political Transitions
Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999
unrest or revolution, and this may force the elite to democratize. Democracy may not consolidate because it is more … redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … more costly for the elite, highly unequal societies are less likely to consolidate democracy and may end up oscillating …
Persistent link: https://www.econbiz.de/10005661707
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Using real-time data to test for political budget cycles
Jong-A-Pin, Richard; Sturm, Jan-Egbert; Haan, Jakob de - 2012
We use real-time annual data on the fiscal balance, government current spending, current revenues and net capital outlays as published at a half yearly frequency in the OECD Economic Outlook for 25 OECD countries. For each fiscal year t we have a number of forecasts, a first release, and...
Persistent link: https://www.econbiz.de/10009629745
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Stock ownership and political behavior : evidence from demutualization
Kaustia, Markku; Knüpfer, Samuli; Torstila, Sami - 2013
A natural experiment in which customer-owned mutual companies converted to publicly listed firms created a plausibly exogenous shock to the stock market participation status of tens of thousands of people. We find the shock changed the way people vote in the affected areas, with a 10% increase...
Persistent link: https://www.econbiz.de/10010226121
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The Political Economy of Structural Reform : Empirical Evidence from OECD Countries
Høj, Jens; Galasso, Vincenzo; Nicoletti, Giuseppe; … - 2006
In an empirical investigation, the paper identifies the main political economy drivers of structural policy changes in OECD countries' labour and product markets over the 1985-2003 and 1973-2003 periods respectively. Some of the drivers are beyond the control of governments (i.e., that are...
Persistent link: https://www.econbiz.de/10012445029
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Economic Growth and Institutional Reform in Modern Monarchies and Republics: A Historical Cross-Country Perspective 1820-2000
Bjørnskov, Christian; Kurrild-Klitgaard, Peter - In: Journal of Institutional and Theoretical Economics (JITE) 170 (2014) 3, pp. 453-481
Conventional arguments suggest that republics ought to grow faster than monarchies and experience lower transitional costs following reforms. We employ a panel of 27 countries observed from 1820 to 2000 to estimate these differences. Results show no significant growth differences between the two...
Persistent link: https://www.econbiz.de/10010903198
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Does poverty relief spending reduce crime? Evidence from Argentina
Meloni, Osvaldo - In: International Review of Law and Economics 39 (2014) C, pp. 28-38
A large body of theoretical empirical research suggests that welfare spending reduces crime. Contrary to this dominant finding, a few recent studies conclude that there is no relationship between several measures of welfare spending and crime. This paper contributes to the debate using data from...
Persistent link: https://www.econbiz.de/10010906214
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Litigated conflict over fundamental rights: A static model.
Bunting, William J. - In: Economics of Peace and Security Journal 8 (2013) 2, pp. 5-12
This article introduces a static, within-country, game-theoretic model of litigated conflict over fundamental rights. The static model suggests that increased judicial interference in the determination of fundamental rights through democratic elections is never social welfare-increasing, even if...
Persistent link: https://www.econbiz.de/10010941305