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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
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
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
countries in the referendum and initiative use. We apply a number of estimation techniques. We find that per capita income …
Persistent link: https://www.econbiz.de/10005196243
Reciprocity can be a powerful motivation for human behaviour. Scholars argue that it is relevant in the context of private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The interaction of reciprocity with cost-sharing is critical....
Persistent link: https://www.econbiz.de/10010812485
No good comparable data on sizes of cultural sectors of the countries of Europe exist. Still, local and national governments of Europe spend substantial resources on culture and cultural sectors contribute significantly to employment and national income. After briefly describing special features...
Persistent link: https://www.econbiz.de/10005765923
university participation has been increasing. We use the Linear Probability and Logit models to investigate the determinants of … explaining the rising level of the university participation rate for women and men. The important variables include a time trend … university degree, tuition fees and real income. The increasing gap between the female and male participation rates (15 …
Persistent link: https://www.econbiz.de/10008583640