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Promises are prevalent in many competitive environments, but promise keeping is often difficult to observe. Do promises still offer an opportunity to honor future obligations, if promise keeping is unobservable? Focusing on campaign promises, we study the value of transparency. We showhow...
Persistent link: https://www.econbiz.de/10012830361
We study experimentally how taxpayers choose between two tax regimes to fund a public good. The first-best tax regime imposes a general, distortion-free income tax. However, this tax cannot be enforced. The second-best alternative supplements the income tax by a specific commodity tax. This tax...
Persistent link: https://www.econbiz.de/10010261266
Economists usually think that rational voters have little incentives to acquire costly information. We present a theoretical model to show that, in contrast to this widely held belief, rational voters acquire considerable amounts of information if media technology is available because then they...
Persistent link: https://www.econbiz.de/10010291504
We suggest a probabilistic voting model where voters' preferences for alternative public goods display habit formation …
Persistent link: https://www.econbiz.de/10010264268
The paper examines the relation between political participation and the size of regions taking German counties as observational units. The paper makes several contributions to the literature. To begin with, we measure political participation along two dimensions namely voter turnout, which is...
Persistent link: https://www.econbiz.de/10010264289
(Regional and Upper-local), as well as data of municipal voting behaviour at three electoral contests held at the different …
Persistent link: https://www.econbiz.de/10010264387
We introduce a framework of electoral competition in which voters have general preferences over candidates' characteristics and policies. Candidates' immutable characteristics (such as gender, race or previously committed policy positions) are exogenously differentiated, while candidates can...
Persistent link: https://www.econbiz.de/10010264570
influences the succeeding education policy. More surprisingly, the prospect of voting on education policy also affects the … the two-dimensional heterogeneity of the citizens shapes the voting equilibrium in our setting with sequential voting. …
Persistent link: https://www.econbiz.de/10010264590
We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income …
Persistent link: https://www.econbiz.de/10010271868
characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting … does not arise, because the benefit of voting does not vanish with population size. (ii) Turnout in elections is positively … related to the size of the local community and the importance of social interactions. (iii) Voting may exhibit bandwagon …
Persistent link: https://www.econbiz.de/10010280806