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We develop a conceptual framework to highlight the role of ideas as a catalyst for policy and institutional change. We make an explicit distinction between ideas and vested interests and show how they feed into each other. In doing so the paper integrates the Keynes-Hayek perspective on the...
Persistent link: https://www.econbiz.de/10012922972
This paper presents a theory of trade agreements where "politics" play an central role. This stands in contrast with … the standard theory, where even politically-motivated governments sign trade agreements only to deal with terms …
Persistent link: https://www.econbiz.de/10013220537
This paper examines voting by members of Congress on three trade bills introduced in 1993 and 1994: the North American … economic conditions in the district or state affected voting on the trade bills …
Persistent link: https://www.econbiz.de/10013224935
This paper links the theory of interest groups influence over the legislature with that of congressional control over … the judiciary. The resulting framework reconciles the theoretical literature of lobbying with the negative available … evidence on the impact of lobbying over legislative outcomes, and sheds light to the determinants of lobbying in separation …
Persistent link: https://www.econbiz.de/10013225056
This paper develops a political-economic model of fiscal policy - one in which government resources are a common property' out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...
Persistent link: https://www.econbiz.de/10013243430
This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. " First, fiscal deficits and debt...
Persistent link: https://www.econbiz.de/10013323463
political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …
Persistent link: https://www.econbiz.de/10013226917
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
The contemporary approach to political economy is built around vested interests - elites, lobbies, and rent-seeking groups which get their way at the expense of the general public. The role of ideas in shaping those interests is typically ignored or downplayed. Yet each of the three components...
Persistent link: https://www.econbiz.de/10013073185
analyze the impact of private interest groups as well as political-institutional factors on the voting patterns on amendments …
Persistent link: https://www.econbiz.de/10012763752