Showing 1 - 10 of 94
With ideological parties being better informed about the state of the world than voters, the true motivation of policy proposals is hard to judge for the electorate. However, if reform proposals have to be agreed upon by government members with heterogeneous policy preferences, it may become...
Persistent link: https://www.econbiz.de/10010903205
The consequences of strike ballots are analysed in a non-cooperative model of negotiations between a union and a firm over wage increases. The firm possesses private information about its revenues. The union can only stop the firm from rejecting wage demands if a refusal is costly, due to a...
Persistent link: https://www.econbiz.de/10005582020
We analyse a cheap-talk game where contrasting lobbies are asymmetrically informed. Equilibrium information transmission depends on each lobby's preference alignment with the legislator on the dimension of its expertise, and on the conflict of lobby interests. Full revelation is possible only...
Persistent link: https://www.econbiz.de/10011272937
This paper explores electoral accountability in a legislative system favoring seniority, using laboratory experiments. Voters face a trade-off between pork-barrel transfers and policy representation. The experiment tests term limits as a mechanism to reduce the cost of searching for a candidate...
Persistent link: https://www.econbiz.de/10011082296
We explore randomizing legal information when it may be infeasible to randomize law per se. If citizens are underinformed about a legal entitlement, randomizing information about the entitlement may yield critical insight into its potential effect. We illustrate with a field experiment with the...
Persistent link: https://www.econbiz.de/10011193695
We study two-player contests in which, in order to win a prize, each player hires a delegate to expend effort on her behalf; neither party's delegation contract is revealed to the rival party when the delegates choose their effort levels. We obtain first the outcomes of this...
Persistent link: https://www.econbiz.de/10010813034
Conventional arguments suggest that republics ought to grow faster than monarchies and experience lower transitional costs following reforms. We employ a panel of 27 countries observed from 1820 to 2000 to estimate these differences. Results show no significant growth differences between the two...
Persistent link: https://www.econbiz.de/10010903198
This paper investigates a long-run equilibrium of the Tullock contest using an evolutionary game-theoretic approach. The finite-population evolutionarily stable strategy (ESS) yields overdissipation of rent when there are increasing returns to expenditure. However, imitative behavior, considered...
Persistent link: https://www.econbiz.de/10010903201
This paper develops a theory to explain growth in developed and undeveloped countries. Where transaction and information costs are low, people more easily perceive and oppose activities conducive to deadweight losses. The opposite holds where information and transaction costs are high, because...
Persistent link: https://www.econbiz.de/10005764361
We present an overlapping-generations model with two interacting teams, where young team members earn an income, whereas old team members depend on either intrateam transfers from young members (voluntary solidarity) or tax-financed transfers (compulsory solidarity). We derive the individually...
Persistent link: https://www.econbiz.de/10005764388