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. In this paper policies are negotiated in a committee by playing a dynamic voting game. The implications of this change …
Persistent link: https://www.econbiz.de/10005069520
fertility with voting on public schooling expenditures. The theory is able to account for the facts mentioned above. Countries …
Persistent link: https://www.econbiz.de/10005027270
This paper provides a framework within which to study the equilibrium impact of alternative policies. We develop an overlapping generation, life-cycle model with endogenous education and crime choices. Education and crime depend on different dimensions of heterogeneity, which takes the form of...
Persistent link: https://www.econbiz.de/10005090770
School choice programs, such as vouchers or charter schools, offer parents an alternative to traditional public schools, while removing students from traditional public schools. If there are returns to scale in education, a major exodus of students from public schools could increase the average...
Persistent link: https://www.econbiz.de/10005069485
Persistent link: https://www.econbiz.de/10005090811
Persistent link: https://www.econbiz.de/10005090870
Why would a political elite voluntarily dilute its political power by extending the voting franchise? This paper … delegation game" corresponds to a majority vote decision by the enfranchised group to expand the set of citizens with voting … median of a larger voting franchise in the next period. We characterize the equilibria by their Euler equations. In certain …
Persistent link: https://www.econbiz.de/10005090912
This paper develops a joint theory of ideology and redistributive policy to account for the striking divergence found across countries in voters? attitudes about the causes of individual wealth and poverty (self-reliance or societal forces), as well as in the observed social contract...
Persistent link: https://www.econbiz.de/10005090916
This paper studies Holmstrom's [1999] seminal model of career concerns, but considers that a small change in the beliefs about the agent's future productivity may imply a large change in his compensation---because, for example, the agent may be fired or promoted. This allows us to study how the...
Persistent link: https://www.econbiz.de/10005051252
Persistent link: https://www.econbiz.de/10005051314