Showing 1 - 10 of 39
Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is storable votes:...
Persistent link: https://www.econbiz.de/10005662342
membership, using regional referendum results and individual survey data on voting intentions. We find that favourable individual …
Persistent link: https://www.econbiz.de/10005666521
consider how this relationship performs in the presence of institutional biases and lobbying efforts. It is found that the best … higher, and decisions are less vulnerable to lobbying. …
Persistent link: https://www.econbiz.de/10005662069
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in...
Persistent link: https://www.econbiz.de/10005666545
We develop a political-economic model of aid fungibility. A donor country gives aid to a recipient government for the benefit of a target group. However, the recipient government accepts political contributions from a lobby group not targeted by the donor and transfers a fraction of the aid to...
Persistent link: https://www.econbiz.de/10005667087
popular view that choices on secondary policy instruments are largely determined by lobbying, we find strong effects of …
Persistent link: https://www.econbiz.de/10005789133
We study how banks should protect their credit departments against the external influence from potential borrowers. We analyze four mechanisms that are widespread in practice: a credit board with unanimity or simple majority, a hierarchy and an advisory system. A bank faces a trade-off between...
Persistent link: https://www.econbiz.de/10005791309
We develop a model where trade agreements - in addition to correcting terms-of-trade externalities - help governments to commit vis-a-vis domestic industrial lobbies. We explore how trade liberalization is affected by the characteristics of the political environment, such as the degree to which...
Persistent link: https://www.econbiz.de/10005791399
Conventional wisdom suggests that lobbying is the preferred mean for exerting political influence in rich countries and … theoretical framework that focus on the relationship between lobbying and corruption (that is, it investigates under what … conditions they are complements or substitutes). The paper also offers novel econometric evidence on lobbying, corruption and …
Persistent link: https://www.econbiz.de/10005792187
maker does not react unless all of them are actively lobbying. In a ‘mutual discipline’ or high-trust equilibrium, by …
Persistent link: https://www.econbiz.de/10005792452