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A Politico-economic Approach on Public Debt in an Endogenous Growth Economy

Arai, Real; Naito, Katsuyuki - Volkswirtschaftliche Fakultät, … - 2014

We consider an overlapping generations closed economy in which a government finances the cost of public good provision by labor income taxation and/or public debt issuance. The size of these public policies is determined in a repeated probabilistic voting game. We investigate the characteristics...

Persistent link: https://www.econbiz.de/10011107665

Almost orthogonal outcomes under probabilistic voting: A cautionary example

Dolmas, Jim - Volkswirtschaftliche Fakultät, … - 2014

I illustrate by example a way in which equilibria under probabilistic voting are fragile with respect to assumptions about the non-policy components of voter preferences. I also offer intuition for the fragility using the social welfare functions which also describe the equilibria.

Persistent link: https://www.econbiz.de/10011109279

"In consideration of the children", really? Adoption of the school-rhythm reform by French municipalities

Cassette, Aurélie; Farvaque, Etienne - Volkswirtschaftliche Fakultät, … - 2013

This research looks at the determinants of the adoption of the school-rhythm reform by French municipalities. The possibility opened to mayors to adopt the reform sooner (2013) or later (2014) offers the opportunity to measure how much the interests of the children have weighted on the decision....

Persistent link: https://www.econbiz.de/10011107444

Are Elections Debt Brakes? Evidence from French Municipalities

Caseette, Aurélie; Farvaque, Etienne - Volkswirtschaftliche Fakultät, … - 2013

of debt has a negative impact on the probability of reelection, pre-election debt accumulation by incumbents increases … effect. Elections thus appear as a disciplining device, even if a weak one. …

Persistent link: https://www.econbiz.de/10011108703

A Theory of Political Accountability and Journalism

Bruns, Christian; Himmler, Oliver - Volkswirtschaftliche Fakultät, … - 2014

Journalism is widely believed to be crucial for holding elected officials accountable. At the same time economic theory has a hard time providing a straightforward explanation for the phenomenon of "accountability journalism". According to the common Downsian reasoning, rational voters should...

Persistent link: https://www.econbiz.de/10011108800

On the Extent of Strategic Voting

Spenkuch, Jörg - Volkswirtschaftliche Fakultät, … - 2013

-world elections. The evidence indicates that approximately 35% of voters abandon their most preferred candidate if she is not in …

Persistent link: https://www.econbiz.de/10011109723

Electoral and political reforms

Varma, Vijaya Krushna Varma - Volkswirtschaftliche Fakultät, … - 2013

Varma proposes new political and electoral reforms for better, healthy and improved democracy to remove inequalities, corruption, unemployment and mis-governance. This new political and electoral reforms are aimed at empowering under privileged, working class, rural and urban areas.

Persistent link: https://www.econbiz.de/10011110363

Elections, Political Competition and Bank Failure

Liu, Wai-Man; Ngo, Phong - Volkswirtschaftliche Fakultät, … - 2012

We model and predict that politicians have incentives to delay bank failure in election years and that this incentive … is exacerbated if the election is close. Our empirical application using the US data supports these predictions. At the … bank level, we show that bank failure in an election year is four times less likely to occur if the election was among the …

Persistent link: https://www.econbiz.de/10011110838

The Voters' Curses: The Upsides and Downsides of Political Engagement

Prato, Carlo; Wolton, Stephane - Volkswirtschaftliche Fakultät, … - 2014

the performance of democracy. We consider a model of elections where successful communication of political messages during …

Persistent link: https://www.econbiz.de/10011113007

Roads or Schools? Political Budget Cycles with different types of voters.

Uribe, Lopez; Pilar, Maria del - Volkswirtschaftliche Fakultät, … - 2013

Using a new Colombian data set (1830-2000), we analyze how changes in the electoral legislation with regard to the characteristics of voters (in terms of education and income levels) has affected fiscal policy in electoral times. In line with economic theory, we show that after the law was...

Persistent link: https://www.econbiz.de/10011114135