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Robust Information Aggregation Through Voting
Midjord, Rune - 2019
Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this characterization to identify the set of...
Persistent link: https://www.econbiz.de/10012866804
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Market for Information and Selling Mechanisms
Bounie, David - 2020
We investigate the strategies of a data intermediary selling consumer information to firms for price discrimination purpose. We analyze how the mechanism through which the data intermediary sells information influences how much consumer information she will collect and sell to firms, and how it...
Persistent link: https://www.econbiz.de/10012832202
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Distribution and Use of Knowledge Under the 'Laws of the Web'
Falkinger, Josef - 2021
Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...
Persistent link: https://www.econbiz.de/10013316668
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Decentralization and Progressive Taxation
Berset, Simon; Schelker, Mark - 2021
panel data and apply causal machine learning methods to identify the effects of decentralization on the statutory tax …
Persistent link: https://www.econbiz.de/10013249653
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Partial Fiscal Decentralization
Brueckner, Jan K. - 2021
The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational … arrangement, the literature contains no economic analysis of a partial decentralization regime in a Tiebout-style model. This …
Persistent link: https://www.econbiz.de/10013316771
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Revisiting the 'Decentralization Theorem' - On the Role of Externalities
Koethenbuerger, Marko - 2021
The Decentralization Theorem (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of … consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of … spillovers may reduce the difference in utility of centralization and decentralization. The non-monotonicity result relates to …
Persistent link: https://www.econbiz.de/10013316807
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The Economic Approach to Political Borders
Spolaore, Enrico - 2022
This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...
Persistent link: https://www.econbiz.de/10014290075
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Does the Winner Take it All? Redistributive Policies and Political Extremism
Daniele, Gianmarco - 2020
We show that regional heterogeneity of underlying fundamentals (e.g. economic history, geography, social capital) can lead to extreme voting in federations. When the outcome of federal policies – such as transfer schemes, market regulation or migration laws – depends on these fundamentals,...
Persistent link: https://www.econbiz.de/10012836939
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Dynamic Fiscal Competition : A Political Economy Theory
Arcalean, Calin - 2019
I develop a political economy theory of dynamic fiscal competition via public spending and debt. With internationally …
Persistent link: https://www.econbiz.de/10012891564
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Collective Choice with Heterogeneous Time Preferences
Pakhnin, Mikhail - 2021
This paper reviews recent research on the aggregation of heterogeneous time preferences. Main results are illustrated in simple Ramsey models with two or three agents who differ in their discount factors. We employ an intertemporal view on these models and argue that preferences of a decision...
Persistent link: https://www.econbiz.de/10013222212