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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
In many economic contexts, especially signaling and search models, agents care about the distribution of other agents around them. Because of this, firms arise which produce neither goods nor services, but local “ponds†of agents. Such firms derive their attractiveness through the...
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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
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