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Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule
Bordignon, Massimo; Nannicini, Tommaso; Tabellini, Guido - C.E.P.R. Discussion Papers - 2014
We compare single round vs runoff elections under plurality rule, allowing for partly endogenous party formation. Under runoff elections, the number of political candidates is larger, but the influence of extremist voters on equilibrium policy and hence policy volatility is smaller, because the...
Persistent link: https://www.econbiz.de/10011145395
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How Elections Matter: Theory and Evidence from Environmental Policy
List, John; Sturm, Daniel M - C.E.P.R. Discussion Papers - 2004
In this Paper we explore to what extent secondary policy issues are influenced by electoral incentives. We develop a political agency model in which a politician decides on both a frontline policy issue, such as the level of public spending, and a secondary policy issue, such as environmental...
Persistent link: https://www.econbiz.de/10005789133
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Fiscal Conservatism in a New Democracy: 'Sophisticated' versus 'Naïve' Voters
Arvate, Paulo; Avelino, George; Tavares, José - C.E.P.R. Discussion Papers - 2008
Several authors claim that voters in new democracies reward deficits at the polls and this fact is due to a lack of 'voter sophistication'. We test this claim for gubernatorial elections in Brazil, an important case study since it is the fourth most populous democracy in the world, displays a...
Persistent link: https://www.econbiz.de/10005792186
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Do Voters Vote Sincerely?
Degan, Arianna; Merlo, Antonio - C.E.P.R. Discussion Papers - 2007
In this paper we address the following question: To what extent is the hypothesis that voters vote sincerely testable or falsifiable? We show that using data only on how individuals vote in a single election, the hypothesis that voters vote sincerely is irrefutable, regardless of the number of...
Persistent link: https://www.econbiz.de/10005662163
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Competition, Cooperation, and Collective Choice
Markussen, Thomas; Reuben, Ernesto; Tyran, Jean-Robert - C.E.P.R. Discussion Papers - 2012
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but the electoral … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …
Persistent link: https://www.econbiz.de/10011084279
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A Theory of Rent Seeking with Informational Foundations
Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2006
microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …
Persistent link: https://www.econbiz.de/10005788985
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Do Oil Windfalls Improve Living Standards? Evidence from Brazil
Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
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On the Optimal Structure of Local Governments
Hochman, Oded; Pines, David; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1994
implies that the appropriate suppliers of LPGs are metropolitan approach invalidates the prevailing theory of fiscal …
Persistent link: https://www.econbiz.de/10005656169
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A General Test of Gaming
Courty, Pascal; Marschke, Gerald - C.E.P.R. Discussion Papers - 2004
An important lesson from the incentive literature is that explicit incentives may elicit dysfunctional and unintended responses, also known as gaming responses. The existence of these responses, however, is difficult to demonstrate in practice because this behaviour is typically hidden from the...
Persistent link: https://www.econbiz.de/10005114434
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Fiscal Federalism in Times of Crisis
Foremny, Dirk; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2012
We study the subnational fiscal adjustment to the Great Recession in a sample of European countries. We find that there are important differences between unitary and federal countries. Subnational governments in federal states reacted to the Great Recession by running larger budget deficits...
Persistent link: https://www.econbiz.de/10011083379