Showing 1 - 10 of 38
and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections …. Elections are needed as a carrot and a stick to motivate politicians, yet politicians who are overly interested in re …
Persistent link: https://www.econbiz.de/10005137020
After decades of government growth, Western countries have witnessed major policy reversals. Prominent examples include the far-reaching policy reversals implemented by Thatcher, Reagan, and Douglas. This paper offers an explanation for these policy reversals. Our key argument rests on the...
Persistent link: https://www.econbiz.de/10005281845
We study electoral competition among politicians who are heterogeneous both in competence and in how much they care about (what they perceive as) the public interest relative to the private rents from being in office. We show that politicians may have stronger incentives to behave...
Persistent link: https://www.econbiz.de/10005144528
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10004964459
We present a dynamic model of the interaction between interest groups and policymakers, featuring endogenous interest group formation. We show that complicated dynamic patterns in economic policies may arise once interest group formation is taken into account. <BR><BR>
Persistent link: https://www.econbiz.de/10005136859
describing the role of elections and explaining policy choices. In our model, politicians differ in their motives of running … if unseated. This finding exhibits the disciplining function of elections. A striking result in our paper is that bad …
Persistent link: https://www.econbiz.de/10005136888
We provide an explanation why centralisation of political decision making
Persistent link: https://www.econbiz.de/10005137012
policies. An incompetent leader who cares about his reputation rather prefers that the member of parliament is incompetent. To …
Persistent link: https://www.econbiz.de/10005137202
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
Persistent link: https://www.econbiz.de/10005137032
following elections (exogenous elections) and <LI>the decision is salient and the election outcome depends on it (endogenous … elections). </OL> We show that while the possibility of learning increases activism, the existence of political instability … distorts learning. Furthermore, in contrast to the existing literature, we demonstrate that, when elections are exogenous …
Persistent link: https://www.econbiz.de/10005144519