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The Impact of Lobbying on the Allocation of Political Authority

Falconieri, Sonia - Tinbergen Instituut - 2001

This paper studies the internal organizational design of politicalinstitutions in presence of lobbying. We consider a … of the feasible policies.In this context, we investigate the impact of lobbying on the optimalallocation of political … as the choicebetween two alternative legislative rules: open versus closed rule.We show that, in presence of lobbying …

Persistent link: https://www.econbiz.de/10011257116

Lobbying of Firms by Voters

Dahm, Matthias; Dur, Robert; Glazer, Amihai - Tinbergen Instituut - 2009

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/10011257421

Learning Dynamics and the Support for Economic Reforms: Why Good News can be Bad

Wijnbergen, Sweder van; Willems, Tim - Tinbergen Instituut - 2012

paradox, the reason being that the process of revealing reform outcomes is an example of sampling without replacement: every … identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning … considerations challenge the conventional wisdom that sequencing should be such that favorable reform outcomes are revealed first …

Persistent link: https://www.econbiz.de/10011255925

Demand Reduction and Preemptive Bidding in Multi-Unit License Auctions

Goeree, Jacob; Offerman, Theo; Sloof, Randolph - Tinbergen Instituut - 2004

This discussion paper resulted in a publication in Experimental Economics 2013, 16(1), 52-87. Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the market at low prices. At the same time, they allow for preemptive bidding by incumbent...

Persistent link: https://www.econbiz.de/10011256938

Credit Rationing Effects of Credit Value-at-Risk

Slijkerman, Jan Frederik; Smant, David J.C.; Vries, … - Tinbergen Instituut - 2004

Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...

Persistent link: https://www.econbiz.de/10011257219

Mostly Sunny: A Forecast of Tomorrow's Power Index Research

Kurz, Sascha; Maaser, Nicola; Napel, Stefan; Weber, Matthias - Tinbergen Instituut - 2014

Power index research has been a very active field in the last decades. Will this continue or are all the important questions solved? We argue that there are still many opportunities to conduct useful research with and on power indices. Positive and normative questions keep calling for...

Persistent link: https://www.econbiz.de/10011272591

Is Transparency to no avail? Committee Decision-making, Pre-meetings, and Credible Deals

Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2007

Transparent decision-making processes are widely regarded as a prerequisite for the working of a representative democracy. It facilitates accountability, and citizens may suspect that decisions, if taken behind closed doors, do not promote their interests. Why else the secrecy? We provide a...

Persistent link: https://www.econbiz.de/10011255492

Do Polls create Momentum in Political Competition?

Denter, Philipp; Sisak, Dana - Tinbergen Instituut - 2013

We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...

Persistent link: https://www.econbiz.de/10011255586

Household Inequality, Welfare, and the Setting of Trade Policy

Francois, Joseph; Rojas-Romagosa, Hugo - Tinbergen Instituut - 2004

We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing social welfare into real income level and variance components through Gini and Atkinson indexes. We embed these inequality-adjusted social welfare functions in a general...

Persistent link: https://www.econbiz.de/10011255634

A Simultaneous Analysis of Turnout and Voting under Proportional Representation: Theory and Experiments

Kamm, Aaron; Schram, Arthur - Tinbergen Instituut - 2013

In a system of proportional representation, we study the interaction between a voter’s turnout decision and her party choice, and how these relate to party polarization. Quantal response equilibria predict such interaction effects. In particular they predict (i) a Polarization Effect: reduced...

Persistent link: https://www.econbiz.de/10011255685