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-making powers of the sovereign through constitutional review. We create a data base of constitutional rules in 71 countries that …
Persistent link: https://www.econbiz.de/10013224310
We study budget formation in a model featuring separation of powers. In our model, the legislature designs a budget …
Persistent link: https://www.econbiz.de/10012761271
In this paper we present historical evidence and a theoretical analysis of the origins of political stability and instability in Colombia for the period 1850-1950, and their relationship to political, particularly electoral, institutions. We show that the driving force behind institutional...
Persistent link: https://www.econbiz.de/10013218444
evidence on the impact of lobbying over legislative outcomes, and sheds light to the determinants of lobbying in separation-of-powers …
Persistent link: https://www.econbiz.de/10013225056
During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...
Persistent link: https://www.econbiz.de/10013218542
electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is …
Persistent link: https://www.econbiz.de/10013233041
The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the …, and who could incorporate banks. How the debate at the 1787 Constitutional Convention over these powers evolved and led … the Founding Fathers to the specific powers adopted is presented and deconstructed. Why they took this path rather than …
Persistent link: https://www.econbiz.de/10013240577
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...
Persistent link: https://www.econbiz.de/10013212917
A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving … possible to design such a self-enforcing constitution. The paper is also concerned with discovering generic features of a self …-enforcing constitution. The analysis yields the following theoretical propositions: If and only if (1) none of the parties to a dispute …
Persistent link: https://www.econbiz.de/10013228226
This paper provides a theoretical and empirical analysis of cross-state externalities associated with gun regulations in the context of the gun trafficking market. Using gun tracing data, which identify the source state for crime guns recovered in destination states, we find that firearms in...
Persistent link: https://www.econbiz.de/10013119952