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This paper examines the importance of electoral rules for legislators behavior. The German electoral system includes a mechanism which assigns whether legislators are elected under the first-past-the-post (FPTP), or the proportional representation (PR) electoral rule. Using this institution, we...
Persistent link: https://www.econbiz.de/10011408941
classical power indices. The main emphasis in the assessment is in stability, efficiency and fairness. The paper concludes that …
Persistent link: https://www.econbiz.de/10011507661
in line with our theory. -- redistribution ; welfare spending ; information ; income ; voting ; political economics …
Persistent link: https://www.econbiz.de/10009314546
Value issues such as climate policy, immigration, or identity politics are among the most polarizing policy issues in the U.S. and other high-income countries. That polarization has been rising over the last decades. I investigate a novel channel of income inequality and political campaign...
Persistent link: https://www.econbiz.de/10014516223
bargaining theory to predict inter-institutional agreements in the Conciliation Committee, it turns out that although …
Persistent link: https://www.econbiz.de/10011509443
given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies … hinges on the dominance of its ideologically closer party and, in general, the coalition/opposition blocks of parties under … un-enforced party or coalition/opposition discipline. Such dominance is defined in terms of ideological inclination …
Persistent link: https://www.econbiz.de/10009683353
When politicians have lower discount factors than voters, democratic elections cannot sufficiently motivate politicians to undertake long-term socially beneficial projects. When politicians can offer incentive contracts which become effective upon reelection, the hierarchy of contracts and...
Persistent link: https://www.econbiz.de/10011397764
In Switzerland, two key church institutions - the Conference of Swiss Bishops (CSB) and the Federation of Protestant Churches (FPC) - make public recommendations on how to vote for certain referenda. We leverage this unique situation to directly measure religious organizations ́power to shape...
Persistent link: https://www.econbiz.de/10010223454
This paper investigates political uncertainty as a source of regulatory risk. It shows that political parties have incentives to reduce regulatory risk actively: Mutually beneficial pre-electoral agreements that reduce regulatory risk always exist. Agreements that fully eliminate it exist when...
Persistent link: https://www.econbiz.de/10003938159
We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each...
Persistent link: https://www.econbiz.de/10010340378