Showing 1 - 10 of 8,255
This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation … debt associated with larger majority requirements. Also in line with the theory, we find that debt is lower when the …
Persistent link: https://www.econbiz.de/10012986701
Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...
Persistent link: https://www.econbiz.de/10012920474
The current debate in Western Europe centers on the relationship between economic and political integration. To address this problem, we construct a simple general equilibrium model in which the returns to trading are directly affected by the availability of a public good. In our model,...
Persistent link: https://www.econbiz.de/10013138063
We provide a potential explanation for the absence of, and unwillingness to create, centralized power in the hands of a national state based on the political agenda effect. State centralization induces citizens of different backgrounds, interests, regions or ethnicities to coordinate their...
Persistent link: https://www.econbiz.de/10012991695
theory of a proprietary fiscal authority whose objective is to extract rents for the political establishment, the proprietor …
Persistent link: https://www.econbiz.de/10013227894
Two heterogeneous agents contribute over time to a joint project, and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. We show that the efficient agent prefers a smaller scope, and preferences are time-inconsistent: as...
Persistent link: https://www.econbiz.de/10012980151
coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the …
Persistent link: https://www.econbiz.de/10013153581
We examine the relationship between the price of giving and the decision to contribute in a framed field experiment (n …
Persistent link: https://www.econbiz.de/10013077652
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10013125564
We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoral competition and forward-looking voting indicates that majoritarian -- as opposed to proportional --...
Persistent link: https://www.econbiz.de/10013239161