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The Effect of Fiscal Rules on Public Investment if Budget Deficits are Politically Motivated

Dur, Robert A.J.; Peletier, Ben D.; Swank, Otto H. - Tinbergen Instituut - 1997

Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...

Persistent link: https://www.econbiz.de/10011255856

Do Elections lead to Informed Public Decisions?

Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2003

that examination takes place in spite of, rather than thanks to, elections. Elections are needed as a carrot and a stick to …

Persistent link: https://www.econbiz.de/10011255916

How Polarization and Political Instability affect Learning through Experimentation

Ossokina, Ioulia V.; Swank, Otto H. - Tinbergen Instituut - 2001

elections (exogenous elections) andthe decision is salient and the election outcome depends on it (endogenous elections).We show …. Furthermore, in contrast to the existing literature, wedemonstrate that, when elections are exogenous, polarization between … political parties does not always decreaseactive learning. In the case with endogenous elections we find that electoral concerns …

Persistent link: https://www.econbiz.de/10011256440

The Optimal Degree of Polarization

Ossokina, Ioulia V.; Swank, Otto - Tinbergen Instituut - 2001

This discussion paper led to a publication in the 'European Journal of Political Economics', 2004, 20, 255-262.<P> In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure...</p>

Persistent link: https://www.econbiz.de/10011256641

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

world elections. Hence, the interaction between turnout and strategic voting that has been neglected in most of the previous …

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

The Condorcet Paradox Revisited

Herings, P. Jean-Jacques; Houba, Harold - Tinbergen Instituut - 2010

We analyze the simplest Condorcet cycle with three players and three alternatives within a strategic bargaining model with recognition probabilities and costless delay. Mixed consistent subgame perfect equilibria exist whenever the geometric mean of the agents' risk coefficients, ratios of...

Persistent link: https://www.econbiz.de/10011255823