Showing 1 - 10 of 115
This paper exploits data on the pattern of violence across regions and over time to estimate the impact of the peace process in Northern Ireland on house prices. We begin with a linear model that estimates the average treatment effect of a conflictrelated killing on house prices - showing a...
Persistent link: https://www.econbiz.de/10010746053
In this paper we present a citizen-candidate model of representative democracy with endogenous lobbying. We find that lobbying induces policy compromise and always affects equilibrium policy outcomes. In particular, even though the policy preferences of lobbies are relatively extreme, lobbying...
Persistent link: https://www.econbiz.de/10010746186
sometimes in conflict and sometimes at peace. In our theory ethnic markers help enforce group membership: in homogeneous …
Persistent link: https://www.econbiz.de/10011126000
This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production function where public capital is complementary to private capital. A unique invariant steady-state distribution is derived, with three social classes: subsistence workers, 'government...
Persistent link: https://www.econbiz.de/10010746233
Public provision of private goods such as education is usually viewed as a form of redistribution in kind. However …, does it arise when income redistribution is feasible as well? In this paper I analyse a two-dimensional model of political … decision making. Society has to choose both the tax rate and the allocation of the revenues between income redistribution and …
Persistent link: https://www.econbiz.de/10010744923
rise in inequality will lead to more redistribution. This paper shows that, for the UK in the period 1983-2004, a plausibly … exogenous rise in income inequality has not been associated with increased redistribution. We then explore this further using … attitudinal data. We show that the demand for redistribution, having shown considerable variation over time, is at an all-time low …
Persistent link: https://www.econbiz.de/10010744970
low, the equilibrium policy is characterized by some amount of general income redistribution and some targeted transfers … interest groups and against general redistribution. As diversity increases further, however, only general redistribution …
Persistent link: https://www.econbiz.de/10011071391
The welfare economic method for analyzing the case for government intervention is often critized for ignoring the political determination of policies. The standard method of accounting for this critique studies the case for intervention under the constraint that the level of the instrument in...
Persistent link: https://www.econbiz.de/10010928651
theoretical results are summarized in a number of propositions. We discuss the implications of the theory, comment on its relation …
Persistent link: https://www.econbiz.de/10010884656
selectorate in specific instances of successful autocracy. We also show that, consistent with the theory, leadership turnover in …
Persistent link: https://www.econbiz.de/10010884658