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We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight...
Persistent link: https://www.econbiz.de/10010199716
leader heterogeneity in the selectorate theory of Bueno de Mesquita et al. (2003) and derive the hypothesis that in the …
Persistent link: https://www.econbiz.de/10010204673
Activist NGOs increasingly oppose industrial projects that have nevertheless been approved by public regulators. To understand this recent rise in NGO activism, we develop a theory of optimal regulation in which a regulated industry seeks to undertake a project that may be harmful to society. On...
Persistent link: https://www.econbiz.de/10011474646
Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...
Persistent link: https://www.econbiz.de/10011884418
This paper empirically evaluates the impact of accountability on fiscal capacity. It adopts an instrumental variable … reliable and is negatively correlated with our measure of accountability in line with the hypothesis. The results in the second …
Persistent link: https://www.econbiz.de/10012249272
This article reviews the recent burgeoning political economics research on nation-building. We focus on three main aspects of this body of work. First, we discuss methodological issues related to measuring nation-building outcomes and provide a synthesis of studies that employ different...
Persistent link: https://www.econbiz.de/10015070058
Barro-Ferejohn model of political agency to study the relationship between the accountability of elected politicians and the … political accountability, the lower should be real authority at the bottom of the government hierarchy. Empirically, we find … that in countries with lower political accountability those in political power have less authority over the public …
Persistent link: https://www.econbiz.de/10010199719
We examine whether parties punish politicians who vote against the party line in roll-call votes. Using data of German members of parliament over the legislative period 2009-2013, we take into account that the effect of punishment differs along the list of candidates because a candidate is...
Persistent link: https://www.econbiz.de/10011659465
We analyse whether, when and how local office-holders respond to the personal, economic incentives embedded in exogenously imposed population thresholds leading to an increased number and/or remuneration of local office-holders. Using data from all 589 Belgian municipalities over the period...
Persistent link: https://www.econbiz.de/10011397184
We provide evidence about voters' response to crime control policies. We exploit a natural experiment arising from the Italian 2006 collective pardon releasing about one third of the prison population. The pardon created idiosyncratic incentives to recidivate across released individuals and...
Persistent link: https://www.econbiz.de/10011668874