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In this paper, we study the aggregate and distributional implications of a smaller public sector in the euro area. By a smaller public sector, we mean a reduction in public debt and/or cuts in public spending, when such changes in fiscal policy are accommodated by adjustment in various taxes....
Persistent link: https://www.econbiz.de/10010584286
quality of democracy. However, there is a non-negligible share of democracies that implement a minority-backed amount of …
Persistent link: https://www.econbiz.de/10011097941
Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized … process. We suggest invigorating an old but nearly forgotten procedure to overcome this deficit: Aleatoric Democracy based on … considered. Persons and ideas, being so far disregarded, are taken into account. Democracy becomes vivid and creative, and does …
Persistent link: https://www.econbiz.de/10012964771
quality of democracy. However, there is a non-negligible share of democracies that implement a minority-backed amount of …
Persistent link: https://www.econbiz.de/10013030499
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical “Tullock Challenges." The first relates to method: The measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10013124683
Motivated by recent interest and initiatives taken by several governments and international organizations to come up with indicators of well-being to inform policy makers, we test if subjective well-being measures (SWB) can be employed to study voting behaviour. Controlling for financial and...
Persistent link: https://www.econbiz.de/10013315574
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical “Tullock Challenges”. The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10009019143
The issue of the nature of the altruism inherent in blood donation and the perverse effects of financial rewards for blood and/or organ donation has been recently revisited in the economic literature with limited consensus. As Titmuss (1970) famously pointed out, providing monetary incentives to...
Persistent link: https://www.econbiz.de/10009221554
This paper explores the interdependency of political institutions from the voter’s perspective. Specifically, we are interested in: (1) Does the partisan identity of the mayor influence the voter’s decision in the subsequent town council election?; (2) Does this partisan identity influence...
Persistent link: https://www.econbiz.de/10009395305
We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a ‘second-mover advantage.’ In our model, firms do not unanimously prefer lower environmental-standard levels. We introduce this feature...
Persistent link: https://www.econbiz.de/10009395306