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Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...
Persistent link: https://www.econbiz.de/10013130416
positive effect of election stakes on turnout …
Persistent link: https://www.econbiz.de/10013138026
interested in: Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election … the mayor on the result of the last council election? We rely on a regression discontinuity design focusing on close … election outcomes based on municipal level data for Germany. We find that the party of the mayor can receive a bonus of 4 …
Persistent link: https://www.econbiz.de/10013112896
the endogenous variables; the federal election trend is treated as predetermined. Our results suggest that shocks in …
Persistent link: https://www.econbiz.de/10012960098
equilibrium policy is smaller, because their bargaining power is reduced compared to a single ballot election. The predictions on …
Persistent link: https://www.econbiz.de/10012763997
This paper empirically investigates the underlying determinants of expenditure decentralization, based on the predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two levels of government are involved in the provision of a...
Persistent link: https://www.econbiz.de/10013053063
cycle manifests itself in election year tax cuts and savings on administration costs. Universal suffrage, where all adult … budget cycle manifests itself in election year hikes in capital spending and a reduction in current spending …
Persistent link: https://www.econbiz.de/10013058501
Patent boxes have been heavily debated for their role in corporate tax competition. This paper uses firm-level data for the period 2000-2011 for the top 2,000 corporate research and development (R&D) investors worldwide to consider the determinants of patent registration across a large sample of...
Persistent link: https://www.econbiz.de/10013019848
In European Parliament elections turnout rates, traditionally lower than in national parliamentary elections, decrease from one elections to the next, and show strong variations within and between countries. What explains this decline? Why are there such big differences between and within the EU...
Persistent link: https://www.econbiz.de/10012988888
year of a gubernatorial election, the elasticity of investment to the eventual margin of victory is 0.027. Both the …
Persistent link: https://www.econbiz.de/10012993110