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The Democracy Effect : A Weights-Based Identification Strategy
Dal Bo, Pedro - 2019
measure this democracy effect. We derive the distribution of the statistic of the democracy effect, and apply the new strategy … under democracy by weighting the behavior of each type of voter by its prevalence in the whole population (and not …. Application of this method to the data in Dal Bó, Foster and Putterman (2010) confirms the presence of the democracy effect in …
Persistent link: https://www.econbiz.de/10012889055
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Fiscal Federalism and Legislative Malapportionment : Causal Evidence from Independent But Related Natural Experiments
Galiani, Sebastian - 2014
We exploit three natural experiments in Argentina in order to study the role of legislative malapportionment on the biased federal tax sharing scheme prevalent in the country. We do not find support to attribute it to legislative malapportionment during periods when democratic governments were...
Persistent link: https://www.econbiz.de/10013056579
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Congressional Distributive Politics and State Economic Performance
Levitt, Steven D.; Poterba, James M. - 2021
This paper tests several theories of the effects of congressional representation on state economic growth. States that were represented by very senior Democratic congressmen grew more quickly during the 1953-1990 period than states that were represented by more junior congressional delegations....
Persistent link: https://www.econbiz.de/10013226176
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Policymaking for Posterity
Summers, Lawrence H. - 2010
Policymaking for posterity involves current decisions with distant consequences. Contrary to conventional prescriptions, we conclude that the greater wealth of future generations may strengthen the case for preserving environmental amenities; lower discount rates should be applied to the far...
Persistent link: https://www.econbiz.de/10012758343
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Indexed Regulation
Newell, Richard G. - 2010
Seminal work by Weitzman (1974) revealed prices are preferred to quantities when marginal benefits are relatively flat compared to marginal costs. We extend this comparison to indexed policies, where quantities are proportional to an index, such as output. We find that policy preferences hinge...
Persistent link: https://www.econbiz.de/10012759315
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Bayesian and Adaptive Optimal Policy Under Model Uncertainty
Svensson, Lars E. O. - 2010
We study the problem of a policymaker who seeks to set policy optimally in an economy where the true economic structure is unobserved, and he optimally learns from observations of the economy. This is a classic problem of learning and control, variants of which have been studied in the past, but...
Persistent link: https://www.econbiz.de/10012759822
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Leadership in Groups : A Monetary Policy Experiment
Blinder, Alan S. - 2010
In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...
Persistent link: https://www.econbiz.de/10012759844
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Methodological Frontiers of Public Finance Field Experiments
Kling, Jeffrey R. - 2010
The purpose of this article is to demonstrate how a rich array of methods can be applied to increase the relevance of field experiments in public economics. Two cross-cutting themes are important in multiple phases of the research. First, greater statistical sophistication can draw more value...
Persistent link: https://www.econbiz.de/10012760378
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Political Competitiveness
Mulligan, Casey B. - 2010
Political competitiveness - which many interpret as the degree of democracy - can be modeled as a monopolistic …
Persistent link: https://www.econbiz.de/10012760576
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Dynamics and Stability of Constitutions, Coalitions, and Clubs
Acemoglu, Daron - 2008
, current constitutional change must take into account how the new constitution may pave the way for further changes in laws and …
Persistent link: https://www.econbiz.de/10012770673