Showing 1 - 10 of 78
We examine the impact of the Great Depression on the share of votes for right-wing anti-system parties in elections in the 1920s and 1930s.  We confirm the existence of a link between political extremism and economic hard times as captured by growth or contraction of the economy.  What...
Persistent link: https://www.econbiz.de/10011133072
voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to …, and payoff and information structures. We discuss implications for the efficiency of democracy, voting, lobbying …
Persistent link: https://www.econbiz.de/10010604871
voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to …, and payoff and information structures. We discuss implications for the efficiency of democracy, voting, lobbying …
Persistent link: https://www.econbiz.de/10005051078
committee to make decisions through voting is that a commitment device can be created out of it, without totally renouncing … flexibility to respond to unexpected contingenices. Appropriate voting procedures and a well chosen supermajority rule can make a … can mitigate time inconsistency by introducing a status quo bias. When voting institutions (ie. the committee …
Persistent link: https://www.econbiz.de/10005051097
A corrupt transaction is often the result of bargaining between the parties involved.  This paper models bribery as a double auction where a private citizen and a public official strategically interact as the potential buyer and the potential seller of a corrupt service.  Individuals differ in...
Persistent link: https://www.econbiz.de/10011004168
In an economy with a fixed exchange rate regime that suffers a random adverse shock, we study the strategies of imperfectly and sequentially informed speculators that may trigger an endogenous devaluation before it occurs exogenously. The game played by the speculators has a unique symmetric...
Persistent link: https://www.econbiz.de/10010661412
In an environment where voters face an inference problem on the competence level of policy makers, this paper shows how subjecting these policy makers to reelection can reduce the degree of policy experimentation to the benefit of the status quo.  This may be a reason why some notable policy...
Persistent link: https://www.econbiz.de/10011004471
Following the 2007 disputed Kenyan Presidential election unprecedented levels of violence erupted across the country adding to the history of troubled elections in Africa.  This paper offers quantitative and qualitative evidence on the incidence, impacts and issues that triggered electoral...
Persistent link: https://www.econbiz.de/10011004147
classical voting system (one person - one decision - one vote), we propose a new voting system where each agent is endowed with … dismissed. Its novelty relies on allowing voters to express the intensity of their preferences in a simple manner. This voting … independently distributed across possible values, Qualitative Voting Pareto dominates Majority Rule and, moreover, achieves the only …
Persistent link: https://www.econbiz.de/10005047771
This paper shows how to derive a complete set of optimality conditions characterising the solution to a dynamic optimal income tax problem in the spirit of Mirrlees (1971), under the assumption that a 'first-order' approach to incentive compatibility is valid.  The method relies on constructing...
Persistent link: https://www.econbiz.de/10009364586