Showing 1 - 10 of 27
There is a growing literature on the effect of electoral competition and democratic participation on issues such as corruption and government policy. The theoretical and empirical literature suggests that electoral competition has a beneficial impact on policies. This paper studies the effects...
Persistent link: https://www.econbiz.de/10005702521
We offer a simple general equilibrium model to analyze how economy-wide forces (i.e. shocks to terms of trade, technology and endowments) will affect the intensity of social conflict over the distribution of resources. Examples of conflict activities range from crime to civil war. We show that...
Persistent link: https://www.econbiz.de/10005063727
In this paper we model the interaction between parties and candidates to highlight the mechanisms by which parties selecting candidates may discipline legislators. Parties are long-lived institutions providing incentives to short-lived candidates. Citizens have preferences over a multimentional...
Persistent link: https://www.econbiz.de/10005699610
Using data from the Mid-Atlantic surf clam and ocean quahog fishery, we find that firms with a preference for extreme, rather than moderate, policies are much more likely to participate in public meetings where regulation is determined. We also find that participation rates are higher for...
Persistent link: https://www.econbiz.de/10005702671
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/10005342280
Ascending price clock auctions with drop-out information typically yield outcomes closer to equilibrium predictions than do comparable sealed-bid auctions. However clock auctions require congregating all bidders for a fixed time interval, which has limited field applicability and introduces...
Persistent link: https://www.econbiz.de/10005063602
We consider a multi-awards generalization of King Solomon's problem: $k$ identical and indivisible awards should be distributed among $n$ agents, $k<n$, with the top $k$ valuation agents receiving the awards. Agents have complete information about each others' valuations. Glazer and Ma (1989) analyzed the single-prize (i.e., $k=1$) version of this problem. We show that in the `more than two agents' problem the mechanism of Glazer and Ma admits inefficient equilibria and thus fails to solve Solomon's problem. So, first we modify their mechanism to rule out inefficient equilibria and implement efficient prize allocation in subgame perfect equilibrium when there are at least three agents. Then it is shown that a simple repeated application of our modified mechanism will distribute $k\;(>1)$ prizes efficiently in subgame perfect equilibria without any monetary transfers in equilibrium. Finally, in the multi-awards case we relax the...</n$,>
Persistent link: https://www.econbiz.de/10005063719
This paper examines causes of the persistence of corruption among elected politicians in democracies. We study a theoretical model of competition between two candidates who differ both in ability and popularity in a probabilistic voting setup. Each candidate proposes a tax rate and a public good...
Persistent link: https://www.econbiz.de/10005130207
In this paper a public bureau can extract surplus value from the services it provides not only by misrepresenting its production costs to its oversight committee but also by influencing the perceptions of the legislative body such as the parliament or the congress and the public at large by...
Persistent link: https://www.econbiz.de/10005063617
This paper presents a participation game experiment to study the impact of uncertainty and costly political participation on the incidence of reform. Fernandez and Rodrik (1991) show that uncertainty about who will ultimately gain or lose as a result of a reform can prevent its adoption. We...
Persistent link: https://www.econbiz.de/10005063656