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The classic theory of fiscal federalism suggests that different people should have different governments. Yet, separate …
Persistent link: https://www.econbiz.de/10011274513
Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' ’and government employees' votes by promising compensation packages, but some voters cannot...
Persistent link: https://www.econbiz.de/10010851457
in the extant empirical literature on special-interest politics may understate the true scope of tactical redistribution …
Persistent link: https://www.econbiz.de/10010555271
and the social contract in a model of rational voting over redistribution where individual self-esteem and relative es …-teem for others are endogenously determined. Individuals differ in their productivities. The desired extent of redistribution … in which sentiments, labor supply and redistribution are simultaneously determined. The model has two types of equilibria …
Persistent link: https://www.econbiz.de/10010547222
a model of rational voting over redistribution where individual attitudes toward others are endogenously determined …. Attitudes toward others influence the desired extent of redistribution. There are multiple politico-economic equilibria. In one … majority vote for high redistribution. In the other equilibrium, highly skilled workers work above the mean and are admired by …
Persistent link: https://www.econbiz.de/10010547329
services, which classic treatments of fiscal federalism (Oates, 1972) place in the purview of local governments, exhibit …
Persistent link: https://www.econbiz.de/10010547424
We offer complete characterizations of the equilibrium outcomes of two prominent agenda voting institutions that are widely used in the democratic world: the amendment, also known as the Anglo-American procedure, and the successive, or equivalently the Euro-Latin procedure. Our axiomatic...
Persistent link: https://www.econbiz.de/10011253112
Protectionism enjoys surprising popular support, in spite of deadweight losses. At the same time, trade barriers appear to decline with public information about protection. This paper develops an electoral model with heterogeneously informed voters which explains both facts and predicts the...
Persistent link: https://www.econbiz.de/10010692002
When the members of a voting body exhibit single peaked preferences, majority winners exist. Moreover, the median(s) of the preferred alternatives of voters is (are) indeed the majority (Condorcet) winner(s). This important result of Duncan Black has been crucial in the development of public...
Persistent link: https://www.econbiz.de/10010773129
The nineteenth century was a time of substantial changes in the patterns of economic growth. This was also a period of significant fluctuations in the structure of and allocation of political rights. Through successive franchise extensions, democracy expanded dramatically, giving birth to the...
Persistent link: https://www.econbiz.de/10010851332