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Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties bargaining over the allocation to a public good each period. Parties place different values on the public good, and these values may change over time. We focus on budgetary...
Persistent link: https://www.econbiz.de/10012456220
Trade policy is set by domestic political bargaining between globalists and protectionists, representing owners of factors specific to export and import-competing sectors respectively. Consistent with the post-Civil War Era of Restriction, protectionists implement high tariffs when status quo...
Persistent link: https://www.econbiz.de/10014372419
Two heterogeneous agents contribute over time to a joint project, and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. We show that the efficient agent prefers a smaller scope, and preferences are time-inconsistent: as...
Persistent link: https://www.econbiz.de/10012455908
We study learning via shared news. Each period agents receive the same quantity and quality of first-hand information and can share it with friends. Some friends (possibly few) share selectively, generating heterogeneous news diets across agents akin to echo chambers. Agents are aware of...
Persistent link: https://www.econbiz.de/10012482681
This introduction to the Special Issue reviews the existing literature on the domestic politics of international organizations (IOs), presenting them within a unified theoretical framework. We emphasize the central role of domestic forces in the study of IOs: how individual preferences are...
Persistent link: https://www.econbiz.de/10015326519