Showing 1 - 10 of 118
This paper offers an explanation for why policy makers stick to inefficient policy decisions. I argue that repealing a policy is a bad signal to voters about the policy maker's competence if voters do not have complete knowledge about the effects of implemented policies. I derive the optimal...
Persistent link: https://www.econbiz.de/10005076606
For groups that must make several decisions of similar form, we define a simple and general mechanism that is designed to promote social efficiency. The mechanism links the various decisions by forcing agents to budget their representations of preferences so that the frequency of preferences...
Persistent link: https://www.econbiz.de/10005077065
Voter turnout is frequently cited as gauging a polity's health. The ease with which electoral members produce political support can, however, retard an economy's productive capacity. For example, while mobile electorates might efficaciously monitor political agents, they may also lack...
Persistent link: https://www.econbiz.de/10005125893
The lobbying process has been described as an auction (see, for instance, Bernheim and Whinston). The auction rules picked are supposed to be descriptive, however they vary from author to author. An optimal auction for a government official leads to the same policy as in Bernheim and Whinston,...
Persistent link: https://www.econbiz.de/10005125977
Following the separation of powers' models, this paper analyzes the behaviour of the Supreme Court in the Social Security's case Rolon Zappa (1986). Besides judicial independence, I suppose that the economic, social and legal conditions of the case influence the utility of the judges. I develop...
Persistent link: https://www.econbiz.de/10005135023
The distributive politics literature following Weingast (1979) predicts majoritarian redistribution within countries governed by strong party systems. This prediction is tested using evidence from Canadian job creation grant programs active during the mid-1990s. Results provide strong evidence...
Persistent link: https://www.econbiz.de/10005135103
This paper examines the political economy of redistribution when voters have asymmetric information about the redistributive preferences of politicians and the latter cannot make credible policy commitments. The candidates in each party are endogenously selected by a process of Nash Bargaining...
Persistent link: https://www.econbiz.de/10005407535
This paper assesses the development of the modeling of group behavior in the interest group literature. Throughout the literature, interest groups have been modeled in multiple ways: from passive groups that do not interact with one another to groups that act just as rational strategic players....
Persistent link: https://www.econbiz.de/10005408441
Why would a political elite voluntarily dilute its political power by extending the voting franchise? This paper develops a dynamic recursive framework for studying voter enfranchisement. We specify a class of dynamic games in which political rights evolve over time. Each period, private...
Persistent link: https://www.econbiz.de/10005412476
We study the politico-economic interaction in a country in transition from a communist regime to a democratic, free market system, to wit, Albania. It is argued that the politico-economic system there is characterized by the existence of clans. Both the communists and the first democratically...
Persistent link: https://www.econbiz.de/10005556040