Showing 1 - 10 of 102
This paper studies the impact of the competition between lobbies and voters on policy outcomes under alternative legislative procedures. Lobbies and citizens have opposing interests in a public policy and offer money and votes, respectively, to legislators to obtain their preferred policy....
Persistent link: https://www.econbiz.de/10010928625
the probabilistic voting model in political economy. Effects persist after the cash transfer program ends. We estimate …
Persistent link: https://www.econbiz.de/10010745876
political knowledge has a sizeable influence on the probability of voting and that mass media play an important role in …
Persistent link: https://www.econbiz.de/10010746429
In a symmetric information voting model, an individual (information controller) can influence voters’ choices by …-unanimous voting rule, she exploits voters’ heterogeneity by designing a signal with realizations targeting di↵erent winning …-coalitions. Consequently, under simple-majority voting rule, a majority of voters might be strictly worse o↵ due to the controller’s influence …
Persistent link: https://www.econbiz.de/10011126416
We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have a dark side: they increase the incidence of...
Persistent link: https://www.econbiz.de/10010745904
This paper studies how monetary policy should respond to news about an oil discovery, using a workhorse New Keynesian model. Good news about future production can create a recession today under exchange rate pegs and a simple Taylor rule, as seen in practice. This is explained by forward-looking...
Persistent link: https://www.econbiz.de/10011126400
The scope for economic research on resource-rich countries has widened considerably over the past two decades. While examination of market-based channels mechanisms (such as spending effects and exchange-rate appreciation) and resource price volatility are still important, other issues are...
Persistent link: https://www.econbiz.de/10011126509
Persistent link: https://www.econbiz.de/10010884571
Persistent link: https://www.econbiz.de/10010884597
This paper examines Chevron's programme of CSR at a gas field in Bangladesh. Whilst apparently building partnerships in the villages that surround the Bibiyana Gas Field, we suggest that the corporation remains detached from the local population via their community development programmes and...
Persistent link: https://www.econbiz.de/10010884628