Showing 1 - 10 of 50
I propose a framework in which individual political participation can take two distinct forms, voting and contributing … shows that, even though each contribution has a negligible impact, the interaction between contributions and voting leads to … elections. In particular, inequality increases contributions to Republicans, but not to Democrats, as predicted by the model. …
Persistent link: https://www.econbiz.de/10010574319
states' politics and elections. Thus, if citizens punish political capture, increases in concentration of special interest …
Persistent link: https://www.econbiz.de/10010730186
I develop a model of the relation between the media environment and political obstructionism. I show that when voters are less informed by media, obstructionism becomes a more effective political signal for the minority party. The model thus implies that media change can cause gridlock via...
Persistent link: https://www.econbiz.de/10010664742
I analyze strategic voting incentives in large elections with three candidates when voting takes place sequentially …' preferences are drawn. If a candidate finishes last in an early voting round, voters deduce that this candidate is likely to be … less popular amongst the remaining voters, and the remaining voters almost always have an incentive to stop voting for this …
Persistent link: https://www.econbiz.de/10010574346
We study the interaction between competitive markets and income redistribution that reallocates unequal pre-tax market incomes away from the rich to the poor majority. In one setup, participants earn their income by trading in a double auction (DA) with exogenous zero or full redistribution. In...
Persistent link: https://www.econbiz.de/10011056101
Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' and government employees' votes by promising compensation packages, but some voters cannot...
Persistent link: https://www.econbiz.de/10011056151
In this paper we set up a political economy model of a two-country world economy, where an international agreement on the provisions of public goods generating cross-border externalities, such as environment protection, subject to feasibility, efficiency and equity constraints, has to be...
Persistent link: https://www.econbiz.de/10010636477
We study which policy tool and at what level a majority chooses in order to reduce activities with negative externalities. We consider three instruments: a rule, that sets an upper limit to the activity which produces the negative externality, a quota that forces a proportional reduction of the...
Persistent link: https://www.econbiz.de/10010744247
, political attitude, gender and intelligence have a small but sometimes significant influence on voting. …
Persistent link: https://www.econbiz.de/10010574271
regimes makes initially held opinions more extreme rather than correct. Our results suggest that voting on taxes is prone to …
Persistent link: https://www.econbiz.de/10010574360