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In the last two decades of the XIX century Italy became an industrial country. Historians maintain that this process was affected by the action of some interest groups that pursued both state protection from competition and specific public expenditure programs. Starting from the economic...
Persistent link: https://www.econbiz.de/10005013034
The medieval Champagne fairs are widely used to draw lessons about the institutional basis for long-distance impersonal exchange. This paper re-examines the causes of the outstanding success of the Champagne fairs in mediating international trade, the timing and causes of the fairs’ decline,...
Persistent link: https://www.econbiz.de/10009020795
between two potential policy outcomes of an election participate in large-scale elections when voting is costly? Using a … understanding of this form of costly punishment to help explain a puzzle of voting behavior: why do people who are indifferent … simple voting experiment, we show that many voters are willing to engage in voting as a form of punishment, even when voting …
Persistent link: https://www.econbiz.de/10010888449
ideological policy dimension. Voters achieve this outcome by following a simple lexicographic voting strategy. They cast their …
Persistent link: https://www.econbiz.de/10010539147
We study the returns to political office using data from Finnish parliamentary elections in 1970-2007 and municipal … elections in 1996-2008. The discontinuity of electoral outcomes in individual candidate votes allows us to estimate the causal …
Persistent link: https://www.econbiz.de/10010877643
The existing literature has shown that special interest groups can have both growth enhancing and retarding effects on an economy. In either case it is always assumed that the nature of the special interest groups remains constant over time. The hypothesis of this paper is that a dynamic...
Persistent link: https://www.econbiz.de/10010877655
Economists usually think that rational voters have little incentives to acquire costly information. We present a theoretical model to show that, in contrast to this widely held belief, rational voters acquire considerable amounts of information if media technology is available because then they...
Persistent link: https://www.econbiz.de/10010877742
both the 2007 and 2010 Federal elections, we are struck by the paucity of falsifiable predictions, with most pundits …
Persistent link: https://www.econbiz.de/10010877920
and looks. Moreover, we take the moderating effect of the electoral system into account. Using a sample of 196 elections …
Persistent link: https://www.econbiz.de/10010877923
does not affect re-election prospects. We also find that voters punish politicians who create deficits during elections …
Persistent link: https://www.econbiz.de/10009294094