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quantity of resources. Afterwards, one of the proposals is chosen by majority decision. If no proposal obtains a majority, a …
Persistent link: https://www.econbiz.de/10013317275
The difficulty of optimal decision making in uncertain dichotomous choice settings is that it requires information on … the expertise of the decision makers (voters). This paper presents a method of optimally weighting voters even without …
Persistent link: https://www.econbiz.de/10013130422
. To identify the reasons for this insufficient implementation in the past decade the Public Choice theory is used. The …
Persistent link: https://www.econbiz.de/10013136587
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule …. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members … optimal. In other words, decision makers with different skill levels should not generally be evenly divided among the …
Persistent link: https://www.econbiz.de/10013122583
This paper analyzes government commitments to ongoing spending programs that require future outlays. Spending commitments are important for understanding partisan politics because they constrain future governments. In a model with one government good, a “stubborn liberal” policy maker can...
Persistent link: https://www.econbiz.de/10013124681
of democracies in unitary and federal states are investigated. The dynamics of public choice are considered in the theory …
Persistent link: https://www.econbiz.de/10013086607
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
Persistent link: https://www.econbiz.de/10013086980
Governments often provide their citizens with goods and services that are also supplied in markets: education, housing, nutritional assistance, etc. We analyze the political economy of the public provision of private goods when individuals care about their social image. We show that image...
Persistent link: https://www.econbiz.de/10012962915
In this chapter I provide an overview of the political economy of taxation in democratic states by considering the three most important issues in the field: (1) the evolution of the power to tax in (what are now) the mature constitutional democracies; (2) the nature and determinants of modern...
Persistent link: https://www.econbiz.de/10012964375
We study numerically the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many-generation OLG model describing a small-open economy with...
Persistent link: https://www.econbiz.de/10013156226