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In this paper we present a two stage game of political lobbying for policies designed to enhance environmental quality. Unlike previous work which has tended to assume perfect monitoring of environmental quality in lobbying games we allow for imperfect monitoring of environmental quality. We...
Persistent link: https://www.econbiz.de/10005835582
market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity …
Persistent link: https://www.econbiz.de/10013024843
This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
are relevant for competition in battlefields, politics, and market places. …
Persistent link: https://www.econbiz.de/10005616742
No consensus has yet emerged on whether fiscal decentralization facilitates or impedes the growth of the public sector. One explanation for this ambiguity in the literature is that the effect of fiscal decentralization on public sector size depends on the government’s ideology. This paper...
Persistent link: https://www.econbiz.de/10009004206
is. Under strong competition, nominating a politically more extreme politician is a signal of high quality. Sufficient … competition also induces parties to act in the interest of the median voter most of the time. Nevertheless, in most cases the …
Persistent link: https://www.econbiz.de/10011108884
on how competitive the race is. Under strong competition, nominating a politically more extreme politician is a signal of … high quality. Sufficient competition also induces parties to act in the interest of the median voter most of the time, even … reduces the degree of competition that this party faces, the median voter can be better off when parties are polarized. …
Persistent link: https://www.econbiz.de/10011112180
This study examines the effect of electoral strength on politician's trade policy preferences using data of candidates running for the members of the House of Representatives in Japan. The results reveal that the electoral strength measured by the margin of vote affects candidates' trade policy...
Persistent link: https://www.econbiz.de/10011189018
George Orwell is famous for his two final fictions, Animal Farm and Nineteen Eighty-Four. These two works are sometimes understood to defend capitalism against socialism. But as Orwell was a committed socialist, this could not have been his intention. Orwell's criticisms were directed not...
Persistent link: https://www.econbiz.de/10011274383
The article argues that Ostroms’ institutionalism has a dimension that is complex and profound enough to deserve to be considered a “social theory” or a “social philosophy”. The paper pivots around the thesis that the “social philosophy” behind the Bloomington School’s research...
Persistent link: https://www.econbiz.de/10009294913