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When is Democracy an Equilibrium? : Theory and Evidence from Colombia's "La Violencia"

Chacon, Mario - 2006

The conventional wisdom in political science is that for a democracy to be consolidated, all groups must have a chance … to attain power. If they do not then they will subvert democracy and choose to fight for power. In this paper we show … natural model, we show that democracy may never be consolidated in such a situation. Rather, democracy may only be stable when …

Persistent link: https://www.econbiz.de/10012465870

Obstacles to Optimal Policy : The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms

Kroszner, Randall S. - 2000

This paper provides a positive political economy analysis of the most important revision of the U.S. supervision and regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We analyze the impact of private interest groups as well as...

Persistent link: https://www.econbiz.de/10012471187

Political Economics and Public Finance

Persson, Torsten - 1999

political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …

Persistent link: https://www.econbiz.de/10012471701

A Political-Economy Theory of Trade Agreements

Maggi, Giovanni - 2005

This paper presents a theory of trade agreements where "politics" play an central role. This stands in contrast with the standard theory, where even politically-motivated governments sign trade agreements only to deal with terms-of-trade externalities. We develop a model where governments may be...

Persistent link: https://www.econbiz.de/10012466956

Judicial Lobbying : The Politics of Labor Law Constitutional Interpretation

Iaryczower, Matias - 2005

the judiciary. The resulting framework reconciles the theoretical literature of lobbying with the negative available … evidence on the impact of lobbying over legislative outcomes, and sheds light to the determinants of lobbying in separation …-of-powers systems. We provide conditions for judicial decisions to be sensitive to legislative lobbying, and find that lobbying falls …

Persistent link: https://www.econbiz.de/10012467366

How Elections Matter : Theory and Evidence from Environmental Policy

List, John A. - 2004

popular view that choices on secondary policy instruments are largely determined by lobbying, we find strong effects of …

Persistent link: https://www.econbiz.de/10012468084

Political Pressure Deflection

Anderson, James E. - 2004

Much economic policy is deliberately shifted away from direct political processes to administrative processes --- political pressure deflection. Pressure deflection poses a puzzle to standard political economy models which suggest that having policies to `sell' is valuable to politicians. The...

Persistent link: https://www.econbiz.de/10012468254

Bureaucrats or Politicians?

Alesina, Alberto - 2004

Policies are typically chosen by politicians and bureaucrats. This paper investigates the e fficiency criteria for allocating policy tasks to elected policymakers (politicians) or non elected bureaucrats. Politicians are more efficient for tasks that do not involve too much specific technical...

Persistent link: https://www.econbiz.de/10012468452

Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills

Baldwin, Robert E. - 1998

This paper examines voting by members of Congress on three trade bills introduced in 1993 and 1994: the North American Free Trade Agreement (NAFTA), the agreements concluded in the Uruguay Round of multilateral trade negotiations (GATT), and most-favored nation status for China. We first review...

Persistent link: https://www.econbiz.de/10012472442

A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms

Velasco, Andres - 1997

This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. " First, fiscal deficits and debt...

Persistent link: https://www.econbiz.de/10012472479

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