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We review the literature on the public choice approach to explaining redistribution policies. The focus is on policies … that are pursued with the sole reason to redistribute initial endowments. Moreover, we restrict ourselves to redistribution … in democracies. In democratic settings, generic redistribution games lack equilibria. Structure-inducing rules that give …
Persistent link: https://www.econbiz.de/10012977205
income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other …
Persistent link: https://www.econbiz.de/10012992613
-market aspirations - and forces the elite to expand redistribution. Along the lines of this trade-off, our theory provides a Lipsetian …The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that … accumulation. On the one side, education prompts economic growth and enriches the budget of the autocratic elite. On the other side …
Persistent link: https://www.econbiz.de/10012963389
This paper develops a new model of trade policy under dictatorship and democratization. The paper makes two …
Persistent link: https://www.econbiz.de/10012945109
democracies; (2) the nature and determinants of modern tax structures; and (3) redistribution in pluralistic societies over …
Persistent link: https://www.econbiz.de/10012964375
We show that a transfer targeting a minority of the population is sustained by majority voting, however small the minority targeted, when the probability to receive the transfer is decreasing and concave in income. We apply our framework to the French social housing program and obtain that...
Persistent link: https://www.econbiz.de/10013048895
We examine whether conservative politicians are less likely to support same-sex marriage when they run for office in safe districts using new data based on a roll-call vote in the national German parliament. The results show that the margin of the majority for the incumbent in the previous...
Persistent link: https://www.econbiz.de/10012942384
This paper analyses political forces that cause an initial expansion of public spending on higher education and an ensuing decline in subsidies. Growing public expenditures increase the future size of the higher income class and thus boost future demand for education. This demand shift implies...
Persistent link: https://www.econbiz.de/10012783323
price shock can push the country into a situation where the elite face a commitment problem that only democratization can …This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world …
Persistent link: https://www.econbiz.de/10013315548
Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty...
Persistent link: https://www.econbiz.de/10013060987