Showing 1 - 10 of 189
Taxation is only sustainable if the general public complies with it. This observation is uncontroversial with tax … with taxation, obtaining predictions that in some cases point to a re-interpretation of the theoretical constructions of …
Persistent link: https://www.econbiz.de/10005114245
there exists a distribution of resources such that democracy emerges in equilibrium, but there are distributions of … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers … results on the stability of democracy with regard to changes in the economic and demographic environment. The results are …
Persistent link: https://www.econbiz.de/10009493564
and cannot be more easily financed by borrowing from the financial market. Democracy appears to affect the pace of reform …
Persistent link: https://www.econbiz.de/10005504478
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts of the state's extractive technology. We posit further that this extractive technology is determined by the transparency of the production technology. This theory is applied to...
Persistent link: https://www.econbiz.de/10009283392
This paper demonstrates the effects of ethnic and religious diversity on the quality of public spaces. Its identification strategy relies on the exogeneity of public housing allocations in France, and thereby eliminates the bias from endogenous sorting. The paper uses micro evidence of social...
Persistent link: https://www.econbiz.de/10009351515
We study how the prevailing internal organization of the family affected the initial design of pension systems. Our theoretical framework predicts that, in society with weak family ties, pensions systems were introduced to act as a safety net, while in societies with strong ties they replicate...
Persistent link: https://www.econbiz.de/10009399717
A common feature for developing countries that have experienced a sharp drop in inflation without large output losses is the extensive use of capital controls. This study shows that capital controls significantly improve the sacrifice ratio. This element contributes to the explanation of small...
Persistent link: https://www.econbiz.de/10005123647
Policies are typically chosen by politicians and bureaucrats. This Paper investigates the criteria that should lead a society to allocate policy tasks to elected policymakers (politicians) or non-elected bureaucrats. Politicians are preferable for tasks that do not involve too much specific...
Persistent link: https://www.econbiz.de/10005123948
question is why are initiatives necessary in a representative democracy where candidates must already compete for the right to … control policy? This Paper offers one answer to this question. In a representative democracy, the bundling of issues, together …
Persistent link: https://www.econbiz.de/10005123990
The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties has important implications for both the effectiveness and the efficiency of future climate policies. Among these implications, those related with technical change and...
Persistent link: https://www.econbiz.de/10005124246