Showing 1 - 10 of 86
What are the best voting systems in terms of utilitarianism? Or in terms of maximin, or maximax? We study these … questions for the case of three alternatives and a class of structurally equivalent voting rules. We show that plurality …, arguably the most widely used voting system, performs very poorly in terms of remarkable ideals of justice, such as …
Persistent link: https://www.econbiz.de/10005771963
This paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...
Persistent link: https://www.econbiz.de/10005827462
Recent studies of American politics evidence that political polarization of both the electorate and the political elite have moved 'almost in tandem for the past half century' (McCarty et al., 2003, p.2), and that party polarization has steadily increased since the 1970s. On the other hand, the...
Persistent link: https://www.econbiz.de/10005772049
Does additional government spending improve the electoral chances of incumbent political parties? This paper provides the first quasi-experimental evidence on this question. Our research design exploits discontinuities in federal funding to local governments in Brazil around several population...
Persistent link: https://www.econbiz.de/10008564762
We offer complete characterizations of the equilibrium outcomes of two prominent agenda voting institutions that are … equivalently the Euro-Latin procedure. Our axiomatic approach provides a proper understanding of these voting institutions, and … allows comparisons between them, and with other voting procedures. …
Persistent link: https://www.econbiz.de/10009493739
effects of such institutions on voter participation and the composition of the electorate. In this paper, I combine a field … experiment with a change in Peruvian voting laws to identify the effect of monetary (dis-)incentives on voting. Using the random … voting with respect to cost to be -0.21. Consistent with the theoretical model presented, the reduction in turnout induced by …
Persistent link: https://www.econbiz.de/10010633300
Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' and government employees' votes by promising compensation packages, but some voters cannot...
Persistent link: https://www.econbiz.de/10010849602
We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under- invest in education, whose...
Persistent link: https://www.econbiz.de/10009652113
Protectionism enjoys surprising popular support, in spite of deadweight losses. At the same time, trade barriers appear to decline with public information about protection. This paper develops an electoral model with heterogeneously informed voters which explains both facts and predicts the...
Persistent link: https://www.econbiz.de/10009645443
sequentially rationalizable. Finally, we show that some prominent voting mechanisms are also sequentially rationalizable. …
Persistent link: https://www.econbiz.de/10005707995