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Reforming legislatures : is one house better than two?

Facchini, Giovanni; Testa, Cecilia - 2009

During the last decade unicameral proposals have been put forward in fourteen US states. In this paper we propose a theoretical framework casting some lights on the drawbacks of bicameral state legislatures and on the effects of the proposed constitutional reforms. In a setting where lawmakers...

Persistent link: https://www.econbiz.de/10010273815

Can lobbying encourage abatement? Designing a new policy instrument

Lange, Ian A.; Polborn, Sarah - 2012

Taking a political economy perspective this paper proposes an alternative carbon abatement policy instrument with significant advantages over existing policy instruments. The key feature of the proposed carbon securities is that they entitle their owners to a fixed proportion of ex ante unknown...

Persistent link: https://www.econbiz.de/10010281453

How a firm can induce legislators to adopt a bad policy

Dahm, Matthias; Dur, Robert; Glazer, Amihai - 2012

This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district whose voters or representative support the policy. In...

Persistent link: https://www.econbiz.de/10010281930

Lobbying and Compromise

Epstein, Gil S.; Nitzan, Shmuel - 2005

The compromise enhancing effect of lobbying on public policy has been established in two typical settings. In the first … demonstrate that in the latter setting, the compromising effect of lobbying need not exist. Our reduced-form, two-stage public …) desires to suckle thereby threatening the public well being more than the lobbying interest groups. The main result specifies …

Persistent link: https://www.econbiz.de/10010261146

Voting, lobbying, and the decentralization theorem

Lockwood, Benjamin - 2007

lobbying, because now decisions are too sensitive to the preferences of the organised group. …

Persistent link: https://www.econbiz.de/10010275667

Quality versus quantity: the composition effect of corporate taxation on foreign direct investment

Becker, Johannes; Fuest, Clemens - 2007

This paper studies corporate taxation in a model where foreign investment of firms may affect the profitability of the investor firm's domestic activities. In this framework, corporate taxes distort the quality, not just the quantity of foreign direct investment flows. High-tax countries may see...

Persistent link: https://www.econbiz.de/10010264233

How low business tax rates attract multinational headquarters: municipality-level evidence from Germany

Becker, Sascha O.; Egger, Peter; Merlo, Valeria - 2009

Most existing empirical evidence on the impact of profit taxation on multinational firm activity is based on cross-country data. One major drawback of such data is that countries differ not only with regard to taxes but along other dimensions which might be hard to capture by means of observable...

Persistent link: https://www.econbiz.de/10010264533

Does public governance always matter? How experience of poor institutional quality influences FDI to the South

Darby, Julia; Desbordes, Rodolphe; Wooton, Ian - 2010

This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically...

Persistent link: https://www.econbiz.de/10010274878

Growth, foreign direct investment and urban concentrations: unbundling spatial lags

Poelhekke, Steven; van der Ploeg, Frederick - 2008

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Persistent link: https://www.econbiz.de/10010276225

Banking regulation and prompt corrective action

Freixas, Xavier; Parigi, Bruno Maria - 2007

We explore the rationale for regulatory rules that prohibit banks from developing some of their natural activities when their capital level is low, as epitomized by the US Prompt Corrective Action (PCA). This paper is built on two insights. First, in a moral hazard setting, capital requirement...

Persistent link: https://www.econbiz.de/10010264241

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