Showing 1 - 10 of 1,647
This paper analyzes simultaneous voting on the wage tax rate and investment in public education with three overlapping generations and productivity differences inside each cohort. Wage tax revenue finances public education and social security benefits. The presence of productivity differences...
Persistent link: https://www.econbiz.de/10010262150
We model the aid allocation decision where the donor government has announced that good governance is the criterion for receiving aid. Potential recipients must compete for the aid funds. The structure of the competition is important to the donor in terms of achieving good governance, and to the...
Persistent link: https://www.econbiz.de/10010268553
Does fiscal decentralization in a politically decentralized less developed country help strengthen democratic … institutions at the grass root level? And is the impact of such decentralization on local politics important in determining local … development? Our study on Indonesia suggests that fiscal decentralization enhanced free and fair local elections, though the …
Persistent link: https://www.econbiz.de/10010274661
. We show the potential existence of a poverty trap as a result of decentralization in taxation decisions. …
Persistent link: https://www.econbiz.de/10011786998
Does fiscal decentralization in a politically decentralized less developed country help strengthen democratic … institutions at the grass root level? And is the impact of such decentralization on local politics important in determining local … development? Our study on Indonesia suggests that fiscal decentralization enhanced free and fair local elections, though the …
Persistent link: https://www.econbiz.de/10008683656
exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …
Persistent link: https://www.econbiz.de/10010268503
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …
Persistent link: https://www.econbiz.de/10010278525
decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of … transnational terror events in a country, while political decentralization has no impact. These results are robust to the choice of …
Persistent link: https://www.econbiz.de/10010269173
We analyze the topical question of how the compensation of elected politicians affects the set of citizens choosing to run. To this end, we develop a sparse and tractable citizen-candidate model of representative democracy with ability differences, informative campaigning and political parties....
Persistent link: https://www.econbiz.de/10010261945
We use economic theory to examine the intensity of fundamentalist sects. Leaders work to enhance their followers …
Persistent link: https://www.econbiz.de/10010261982