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drop in turnout is only transitory as mail-in votes balance the decline in in-person votes in subsequent elections. This …-in ballots. Some inattentive voters forgo voting today but turn to mail-in voting in ensuing elections. Our results are in line …
Persistent link: https://www.econbiz.de/10013202409
Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress rate of limited liability banks was 29% higher than that...
Persistent link: https://www.econbiz.de/10012584232
- systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states … political connectedness - allow for clean identification of causal effects of county elections on savings banks ́lending. These … incumbent party entrenchment and in the contestedness of upcoming elections. …
Persistent link: https://www.econbiz.de/10010126401
redistribution, state-owned banks systematically adjust their lending around local elections compared with private banks in the same …
Persistent link: https://www.econbiz.de/10012428972
We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...
Persistent link: https://www.econbiz.de/10010358277
We develop a two-period model of redistributive politics in which two politicians compete in an election in each period. In the first period, the politicians propose both whether to experiment with an efficient reform with uncertain benefits and choose the amount of public debt. Politicians also...
Persistent link: https://www.econbiz.de/10012491550
competition in and between national parliamentary elections: the size of the majority of the governing party in the House; the … constituencies adjusted for asymmetry between parties; and a multiparty measure of the competitiveness of elections at the …
Persistent link: https://www.econbiz.de/10011899070
I study how political competition affects the feasibility of free trade agreements (FTAs). I show that the possibility of political turnover creates strategic motivations for the formation of FTAs. Specifically, a government facing a high enough probability of losing power will have an incentive...
Persistent link: https://www.econbiz.de/10015077834
between two potential policy outcomes of an election participate in large-scale elections when voting is costly? Using a …
Persistent link: https://www.econbiz.de/10010393636
probability before the election (Maskin and Tirole's "feedback" case). In the three-period case, with two elections, the dynamic …
Persistent link: https://www.econbiz.de/10011286492