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Expressive and Instrumental Voting: The Scylla and Charybdis of Constitutional Political Economy

Crampton, Eric; Farrant, Andrew - EconWPA - 2004

Brennan and Hamlin (2002) note that expressive voting still holds at the constitutional phase. The argument, when taken to its necessary conclusion, proves quite problematic for Constitutional Political Economy. Veil mechanisms following Buchanan induce expressive voting at the constitutional...

Persistent link: https://www.econbiz.de/10005076626

How do Institutions Affect Corruption and the Shadow Economy?

Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - EconWPA - 2005

This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market. The exact relationship between corruption and...

Persistent link: https://www.econbiz.de/10005125947

CORRUPTION AROUND THE WORLD: EVIDENCE FROM A STRUCTURAL MODEL

Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - EconWPA - 2004

The causes and consequences of corruption have attracted much attention in recent years by both academics and policy makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices are ordinal in nature and hence provide no indication...

Persistent link: https://www.econbiz.de/10005125948

The Value of Commitment in Contests and Tournaments when Observation is Costly

Várdy, Felix; Morgan, John - EconWPA - 2005

We study the value of commitment in contests and tournaments when there are costs for the follower to observe the leader's behavior. In a contest, the follower can pay to observe the leader's effort but cannot observe the effectiveness of that effort. In a tournament, the follower can pay to...

Persistent link: https://www.econbiz.de/10005408421

Cooperation Breakdowns under Incomplete Property Rights

Tranchant, Jean-Pierre - EconWPA - 2005

In order to analyze conflict and cooperation between a State and a non ruling group in a general equilibrium, I unite pure rent-seeking models and economic models of conflict under an assumption of incomplete property rights. I show that a unique and globally stable Nash equilibrium exists in...

Persistent link: https://www.econbiz.de/10005556945

Old and New Theories of Fiscal Federalism, Organizational Design Problems, and Tiebout

Garzarelli, Giampaolo - EconWPA - 2005

This work is a contribution to the Second Generation Theory (SGT) of fiscal federalism that studies fiscal federalism through contemporary economic and industrial organization theory. First, it establishes context by introducing the two classic motivations in support of federalism, namely,...

Persistent link: https://www.econbiz.de/10005556973

All that Glitters: Precious Metals, Rent Seeking and the Decline of Spain

Drelichman, Mauricio - EconWPA - 2004

The windfall acquisition of precious metals from American mines and the military revolution of the Early Modern age allowed the Spanish monarchs to command large amounts of credit andpursue an expansive imperial policy unlike that of any other Early Modern nation; when the costof the Empire...

Persistent link: https://www.econbiz.de/10005556873

China and Neo-liberal Constitutionalism

Killion, M. Ulric - EconWPA - 2004

er Chinese neo-liberalism in answer to issues of reforms and Chinese constitutionalism. A Chinese neo …-liberal constitutional coterie desiderates immediate democracy and a governmental model that mirrors a United States constitutional … historicity of Western liberalism and China's ontological base in tradition, being Confucianism. The historic excesses and abuses …

Persistent link: https://www.econbiz.de/10005124920

Political Change, Economic Transition and Catalysis of IMF and World Bank Models - the case of Malawi

Stambuli, Kalonga - EconWPA - 2002

to multiparty democracy against the background of traditional cooperation with the IMF and World Bank in policy …

Persistent link: https://www.econbiz.de/10005126152

Between Liberalism and Democracy

Samet, Dov; Schmeidler, David - EconWPA - 1999

We study a class of voting rules that bridge between majoritarianism and liberalism. An outcome of the vote specifies …

Persistent link: https://www.econbiz.de/10005118577