Showing 1 - 10 of 513
We present a model of a peaceful transition from autocracy to democracy using federal governance as a constitutional means to protect the economic interests of the once ruling elite. Under quot;democratic federalismquot; the constitution creates an annual policy game where the new majority and...
Persistent link: https://www.econbiz.de/10012759609
In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...
Persistent link: https://www.econbiz.de/10012760276
In a large variety of multilevel political systems changes imposed by a higher authority alter the equilibrium panoply of lower- level policies. The new equilibrium depends on the type of change imposed and on the relative strengths of and differences among interested parties at the lower level....
Persistent link: https://www.econbiz.de/10012777658
We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems … policies generated are not intermediate between policies that would result from pure lobbying or from pure legislative … contributions are very small, despite the fact that lobbying has a marked effect on policies …
Persistent link: https://www.econbiz.de/10014158137
fundamentals but also of political variables at the time of congressional negotiations - some of them random realizations of mixed …
Persistent link: https://www.econbiz.de/10013121949
conditions under which negotiations over intellectual property often occur. In contrast, market safety is only salient in the …
Persistent link: https://www.econbiz.de/10013034641
This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the importance of incentive-compatibility and self-enforcement and the bargaining problems faced in achieving viable, long-term contracts. We argue that only if the parties to a unitization...
Persistent link: https://www.econbiz.de/10013220394
We investigate whether the inclusion of social rights in political constitutions affects social performance. More specifically, we analyze whether including the right to education in the constitution has been related to better "educational outcomes." We rely on data for 61 countries that...
Persistent link: https://www.econbiz.de/10013047404
We present a model where heterogeneous districts choose both whether to experiment and the policies to experiment with. Since districts learn from each other, the first-best requires that policy experiments converge so that innovations are useful also for neighbors. However, the equilibrium...
Persistent link: https://www.econbiz.de/10013073557
Much attention has been given to the recent growth of the U.S. federal debt. This paper examines the growth of federal liabilities that are not included in the officially reported numbers. These take the form of implicit or explicit government guarantees and commitments. The five major...
Persistent link: https://www.econbiz.de/10013078595