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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

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

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

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

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

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

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

Economic Reforms and Industrial Policy in a Panel of Chinese Cities

Alder, Simon; Shao, Lin; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013

We estimate the effect on economic development of China's industrial policy, in particular, the establishment of Special Economic Zones (SEZ). We use data from a panel of 276 Chinese cities and prefectures from 1988 to 2010. Our difference-in-difference estimator exploits the variation in the...

Persistent link: https://www.econbiz.de/10011084232

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

Performance Incentives with Award Constraints

Courty, Pascal; Marschke, Gerald - C.E.P.R. Discussion Papers - 2001

This Paper studies the provision of incentives in a large US training organization, which is divided into about 50 independent pools of training agencies. The number and the size of the agencies within each pool vary greatly. Each pool distributes performance incentive awards to the training...

Persistent link: https://www.econbiz.de/10005661877