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Evidence on the Political Principal-Agent Problem from Voting on Public Finance for Concert Halls
Potrafke, Niklas - CESifo - 2013
Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principal-agent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...
Persistent link: https://www.econbiz.de/10010877857
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Pocketbook Voting and Social Preferences in Referenda
Meya, Johannes; Poutvaara, Panu; Schwager, Robert - CESifo - 2015
benefit a lot from having a ticket, suggesting instrumental voting. In each referendum, a majority votes in line with self …
Persistent link: https://www.econbiz.de/10011210405
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Homevoters vs. Leasevoters: A Spatial Analysis of Airport Effects
Ahlfeldt, Gabriel; Maennig, Wolfgang - CESifo - 2013
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the …
Persistent link: https://www.econbiz.de/10010671574