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possible for policy purposes? We argue greater use should be made of experiments that identify behavioral mechanisms that are … central to clearly specified policy questions, what we call "mechanism experiments." These types of experiments can be of … great policy value even if the intervention that is tested (or its setting) does not correspond exactly to any realistic …
Persistent link: https://www.econbiz.de/10013124853
I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I elaborate some of Coase's key points and discuss opportunities for Coasean exchange as an alternative mitigation approach. Regulation, tax, and Coasean exchange, such as through...
Persistent link: https://www.econbiz.de/10013000533
generally and opinions on taxation and spending policy, more specifically. Next, we move to the county level, and measure tax …
Persistent link: https://www.econbiz.de/10012927031
lockdowns. Rules that limit a government's future policy discretion can improve the efficiency of lockdowns, even in the …
Persistent link: https://www.econbiz.de/10012835750
We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing …'s dynamic control problem. The optimal policy depends on the fraction of infected and susceptible in the population. We … identifies the features that shape the intensity and duration of the optimal lockdown policy. Our baseline parametrization is …
Persistent link: https://www.econbiz.de/10012837190
societies always have developed economies and developed polities suggests that the connection between economics and politics … must be a fundamental part of the development process. This paper develops an integrated theory of economics and politics …
Persistent link: https://www.econbiz.de/10012778079
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of resources. A ruling coalition needs to contain enough...
Persistent link: https://www.econbiz.de/10012778980
We develop a model of political cycles driven by time-varying risk aversion. Agents choose to work in the public or private sector and to vote Democrat or Republican. In equilibrium, when risk aversion is high, agents elect Democrats—the party promising more redistribution. The model predicts...
Persistent link: https://www.econbiz.de/10012962718
This paper studies the political determinants of inequality in government interventions under the majoritarian and proportional representation systems. Using a model of electoral competition with targetable government intervention and heterogeneous localities, we uncover a novel relative...
Persistent link: https://www.econbiz.de/10012908817
This paper explores the foundations of religious influence in politics and society. We show that an important Islamic …
Persistent link: https://www.econbiz.de/10012909513