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We assess the influence of moneyed interests on legislative decisions. Our theory predicts that the vote outcome …
Persistent link: https://www.econbiz.de/10012126192
Why do politicians sometimes pursue policies with uncertain outcomes? We present a model in which politicians are …. Politicians may deviate from the status quo and pursue risky policy gambles in order to raise aggregate output to satisfy voters …
Persistent link: https://www.econbiz.de/10012173547
resolving preference conflicts across individuals, politicians place substantially more importance on least-favored than on most …” which insists that choices merit intervention only if the lure of immediacy may bias intertemporal choice. Politicians’ and …
Persistent link: https://www.econbiz.de/10014305744
Cities increasingly address climate change, e.g. by pledging city-level emission reduction targets. This is puzzling for the provision of a global public good: what are city governments' reasons for doing so, and do pledges actually translate into emission reductions? Empirical studies have...
Persistent link: https://www.econbiz.de/10014439428
We show that the electorate’s preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...
Persistent link: https://www.econbiz.de/10013191568
Governments often provide their citizens with goods and services that are also supplied in markets: education, housing, nutritional assistance, etc. We analyze the political economy of the public provision of private goods when individuals care about their social image. We show that image...
Persistent link: https://www.econbiz.de/10011591529
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best interest of governments who are guided by strategic considerations in negotiations. We...
Persistent link: https://www.econbiz.de/10012215277
We conduct an experiment in which groups are tasked with evaluating the truth of a set of politically relevant facts and statements, and we investigate whether communication improves information aggregation and the accuracy of group decisions. Our findings suggest that the effect of...
Persistent link: https://www.econbiz.de/10014495051
Persistent link: https://www.econbiz.de/10009553624
In this paper, I argue that religion matters for the emergence of democracies and dictatorships. Religion is defined as a stochastically set demand for public goods. Different types of religious collectives reflect different tradeoffs between centralized resource distribution and market rewards....
Persistent link: https://www.econbiz.de/10010189314