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Resolving Intertemporal Conflicts : Economics vs Politics

Millner, Antony - 2014

Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that seeks to implement efficient allocations, and a 'Politics'...

Persistent link: https://www.econbiz.de/10013043608

Overcoming the Common Pool Problem Through Voluntary Cooperation : The Rise and Fall of a Fishery Cooperative

Deacon, Robert - 2010

We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an overall catch quota to a voluntary cooperative, with the...

Persistent link: https://www.econbiz.de/10013138469

Public Goods in Trade : on the Formation of Markets and Political Jurisdictions

Casella, Alessandra - 2010

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

The Political Economy of Public Debt : A Laboratory Study

Battaglini, Marco - 2016

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

The Political Agenda Effect and State Centralization

Acemoglu, Daron - 2016

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

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis - 2018

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

Proprietary Public Finance, Political Competition, and Reputation

Grossman, Herschel I.; Noh, Suk Jae - 2021

spending policy that focuses on the effects of political competition and its interaction with other constraints on policy … theory of a proprietary fiscal authority whose objective is to extract rents for the political establishment, the proprietor … political competition can induce the proprietary fiscal authority to behave more like a hypothetically benevolent fiscal …

Persistent link: https://www.econbiz.de/10013227894

Inefficiencies from Metropolitan Political and Fiscal Decentralization : Failures of Tiebout Competition

Calabrese, Stephen - 2011

We examine the welfare effects of provision of local public goods in an empirically relevant setting using a multi-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first-best allocation and show efficiency can be implemented with...

Persistent link: https://www.econbiz.de/10013121991

Market Forces and the Public Good : Competition Among Hospitals and Provision of Indigent Care

Frank, Richard G.; Salkever, David S.; Mitchell, Jean - 2021

The research presented here focuses on the impact of competitive forces on the provision of social or merit goods by non-profit hospitals. We specifically examine the behavior of altruistic non-profit hospitals in the supply of charity care. The effects of competitive pressures and past charity...

Persistent link: https://www.econbiz.de/10013217943

Voting on the Budget Deficit

Tabellini, Guido; Alesina, Alberto F. - 2022

This paper analyzes a model in which different rational individuals vote over the composition and time profile of public spending. Potential disagreement between current and future majorities generates instability in the social choice function that aggregates individual preferences. In...

Persistent link: https://www.econbiz.de/10013308356

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