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Get Rid of Unanimity : The Superiority of Majority Rule with Veto Power
Bouton, Laurent - 2014
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private …
Persistent link: https://www.econbiz.de/10013048058
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Market Mechanisms for Policy Decisions : Tools for the European Union
Casella, Alessandra - 2021
The thesis of this paper is that more transparent, rule-bound and subtle mechanisms for policy coordination will be needed to ensure the success of an enlarged European Union. A common policy is a public good with distributional implications. Economists have developed a large number of plausible...
Persistent link: https://www.econbiz.de/10013224314
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A Graphical Analysis of Some Basic Results in Social Choice
Cantillon, Estelle; Rangel, Antonio - 2021
We use a simple graphical approach to represent Social Welfare Functions that satisfy Independence of Irrelevant Alternatives and Anonymity. This approach allows us to provide simple and illustrative proofs of May's Theorem, of variants of classic impossibility results, and of a recent result on...
Persistent link: https://www.econbiz.de/10013236834
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Reciprocated Unilateralism in Trade Reforms with Majority Voting
Krishna, Pravin; Mitra, Devashish - 2021
. Starting with trade protection in both countries, a unilateral reform in one country is thus shown to bring about a free trade …
Persistent link: https://www.econbiz.de/10013249261
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A Fistful of Dollars : Lobbying and the Financial Crisis
Igan, Deniz - 2011
Has lobbying by financial institutions contributed to the financial crisis? This paper uses detailed information on … financial institutions' lobbying and mortgage lending activities to answer this question. We find that lobbying was associated … with more risk-taking during 2000-07 and with worse outcomes in 2008. In particular, lenders lobbying more intensively on …
Persistent link: https://www.econbiz.de/10013124842
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What Does the European Union Do?
Alesina, Alberto F.; Angeloni, Ignazio; Schuknecht, Ludger - 2021
We construct a set of indicators to measure the policy-making role of the European Union (European Council, Parliament, Commission, Court of Justice, etc.), in a selected number of policy domains. Our goal is to examine the division of prerogatives between European institutions and national...
Persistent link: https://www.econbiz.de/10013215691
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Fiscal Federalism in Europe : Lessons from the United States Experience
Inman, Robert P.; Rubinfeld, Daniel L. - 2021
centralized policy structure via the E.E.C.. This paper seeks to raise issues of importance to all such reform efforts …
Persistent link: https://www.econbiz.de/10013234060
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Fiscal Policy and Monetary Union : Is There a Tradeoff between Federalism and Budgetary Restrictions?
Eichengreen, Barry; von Hagen, Jürgen - 2021
The Maastricht Treaty on Europe Union features an Excessive Deficit Procedure limiting the freedom to borrow of governments participating in the European monetary union. One justification is to prevent states from over- borrowing and demanding a bailout which could divert the European Central...
Persistent link: https://www.econbiz.de/10013249559
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Automatic Stabilizers and Economic Crisis : Us vs. Europe
Dolls, Mathias - 2010
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10013139144
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Fiscal and Migration Competition
Razin, Assaf - 2010
It is often argued that tax competition may lead to a "race to the bottom". Such a race may hold indeed in the case of the pure case of factor mobility (such as capital mobility). However, in this paper we emphasize the unique feature of labor migration, that may nullify the "race to the bottom"...
Persistent link: https://www.econbiz.de/10013139888