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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
the endogenous variables; the federal election trend is treated as predetermined. Our results suggest that shocks in …
Persistent link: https://www.econbiz.de/10012960098
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
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
beginning of their terms, but in line with the preferences of single-issue minorities as they approach re-election. To assess …'s predictions, election proximity has a pro-gun effect on Democratic senators and a pro-environment effect on Republican senators … size. Also in line with our theory, election proximity has no impact on senators' decisions on reproductive rights, because …
Persistent link: https://www.econbiz.de/10012918057
2008 US presidential election, the first political campaign where the internet played a key role. Drawing on data from the …
Persistent link: https://www.econbiz.de/10013315430
Members of parliament (MPs) often decide on their own salaries. Voters dislike self-serving politicians, and politicians are keen to gratify their voters. In line with the political business cycle theories, politicians thus may well delay deciding on increases in salaries until after elections....
Persistent link: https://www.econbiz.de/10013315490
Many political commentators diagnose an increasing polarization of the U.S. electorate into two opposing camps. However, in standard spatial voting models, changes in the political preference distribution are irrelevant as long as the position of the median voter does not change. We show that...
Persistent link: https://www.econbiz.de/10013317647
We use a change in the voting procedures of one of the two chambers of the Swiss parliament to explore how transparency affects the voting behavior of its members. Until 2013, the Council of States (Ständerat) had voted by a show of hands. While publicly observable at the time of the vote,...
Persistent link: https://www.econbiz.de/10012999777