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Competitive Policy Development
Hirsch, Alexander V.; Shotts, Kenneth W. - In: American Economic Review 105 (2015) 4, pp. 1646-64
We present a model of policy development in which competing factions have different ideologies, yet agree on certain common objectives. Policy developers can appeal to a decision maker by making productive investments to improve the quality of their proposals. These investments are specific to a...
Persistent link: https://www.econbiz.de/10011211791
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Central-Bank Independence, Economic Behavior, and Optimal Term Lengths: Comment
Lin, Xiang - In: American Economic Review 89 (1999) 4, pp. 1056-1062
Persistent link: https://www.econbiz.de/10005241681
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Placebo Reforms
Spiegler, Ran - In: American Economic Review 103 (2013) 4, pp. 1490-1506
I study a dynamic model of strategic reform decisions that potentially affect the stochastic evolution of a publicly observed economic variable. Policy makers maximize their evaluation by a boundedly rational public. Specifically, the public follows a rule that attributes recent changes to the...
Persistent link: https://www.econbiz.de/10010666616
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Revolving Door Lobbyists
Vidal, Jordi Blanes i; Draca, Mirko; Fons-Rosen, Christian - In: American Economic Review 102 (2012) 7, pp. 3731-48
-lasting. Consistent with the notion that lobbyists sell access to powerful politicians, the drop in revenue is increasing in the seniority …
Persistent link: https://www.econbiz.de/10011129968
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How Do Voters Respond to Information? Evidence from a Randomized Campaign
Kendall, Chad; Nannicini, Tommaso; Trebbi, Francesco - In: American Economic Review 105 (2015) 1, pp. 322-53
voters place upon politicians' valence and ideology, and simulate counterfactual campaigns. (JEL D12, D72, D83) …
Persistent link: https://www.econbiz.de/10011107220
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Institutional Corruption and Election Fraud: Evidence from a Field Experiment in Afghanistan
Callen, Michael; Long, James D. - In: American Economic Review 105 (2015) 1, pp. 354-81
We investigate the relationship between political networks, weak institutions, and election fraud during the 2010 parliamentary election in Afghanistan combining: (i) data on political connections between candidates and election officials; (ii) a nationwide controlled evaluation of a novel...
Persistent link: https://www.econbiz.de/10011107222
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Overconfidence in Political Behavior
Ortoleva, Pietro; Snowberg, Erik - In: American Economic Review 105 (2015) 2, pp. 504-35
This paper studies, theoretically and empirically, the role of overconfidence in political behavior. Our model of overconfidence in beliefs predicts that overconfidence leads to ideological extremeness, increased voter turnout, and stronger partisan identification. The model also makes nuanced...
Persistent link: https://www.econbiz.de/10011156808
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Present Bias and Collective Dynamic Choice in the Lab
Jackson, Matthew O.; Yariv, Leeat - In: American Economic Review 104 (2014) 12, pp. 4184-4204
We study collective decisions by time-discounting individuals choosing a common consumption stream. We show that with any heterogeneity in time preferences, utilitarian aggregation necessitates a present bias. In lab experiments three quarters of "social planners" exhibited present biases, and...
Persistent link: https://www.econbiz.de/10011093388
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Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process
Bertrand, Marianne; Bombardini, Matilde; Trebbi, Francesco - In: American Economic Review 104 (2014) 12, pp. 3885-3920
politicians? We present evidence to assess the role of issue expertise versus connections in the US Federal lobbying process and … illustrate how both are at work. In support of the connections view, we show that lobbyists follow politicians they were … initially connected to when those politicians switch to new committee assignments. In support of the expertise view, we show …
Persistent link: https://www.econbiz.de/10011093393
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How Elastic Are Preferences for Redistribution? Evidence from Randomized Survey Experiments
Kuziemko, Ilyana; Norton, Michael I.; Saez, Emmanuel; … - In: American Economic Review 105 (2015) 4, pp. 1478-1508
We analyze randomized online survey experiments providing interactive, customized information on US income inequality, the link between top income tax rates and economic growth, and the estate tax. The treatment has large effects on views about inequality but only slightly moves tax and transfer...
Persistent link: https://www.econbiz.de/10011211787