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Perceptions and Preferences for Redistribution
Stantcheva, Stefanie - National Bureau of Economic Research - 2021
The relationship between the degree of inequality and the demand for redistribution has been a central question in political science and political economy. The famous median-voter model predicts that higher inequality, reflected in a growing gap between the income of the average and the median...
Persistent link: https://www.econbiz.de/10012660048
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An Experimental Study of Storable Votes
Casella, Alessandra - 2003
The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary … voting with non-storable votes. The equilibrium strategies have a very intuitive feature---the number of votes cast must be …
Persistent link: https://www.econbiz.de/10012468715
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Conflicts and Common Interests in Committees
Li, Hao - 1999
information. Instead, equilibrium strategies are many-to-one mappings that transform continuous data into ordered ranks: voting … procedures are the equilibrium methods of achieving a consensus in committees. Voting necessarily coarsens the transmission of … information among members, but is necessary to control conflicts of interest. The degree of coarseness of the equilibrium voting …
Persistent link: https://www.econbiz.de/10012471629
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The Median Voter and the Median Consumer : Local Private Goods and Residential Sorting
Waldfogel, Joel - 2006
When a product's product provision entails fixed costs, it will be made available only if a sufficient number of people want it. Some products are produced and consumed locally, so that provision requires not only a large group favoring the product but a large number nearby. Just as one has an...
Persistent link: https://www.econbiz.de/10012466699
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Equilibrium Tax Rates and Income Redistribution : A Laboratory Study
Agranov, Marina - 2014
by candidate competition. Fourth, we observe negligible deviations from labor supply behavior or voting behavior in the …
Persistent link: https://www.econbiz.de/10012458719
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Preferences for Redistribution
Alesina, Alberto F. - 2009
This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical literature and provide a framework to incorporate various effects previously studied separately in the literature. We then examine empirical evidence for the US, using the General...
Persistent link: https://www.econbiz.de/10012463822
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Optimal Policy with Heterogeneous Preferences
Kaplow, Louis - 2008
Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...
Persistent link: https://www.econbiz.de/10012464477
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Sorting, Prices, and Social Preferences
Lazear, Edward - 2006
What impact do social preferences have in market-type settings where individuals can sort in response to relative prices? We show that sorting behavior can distinguish between individuals who like to share and those who share but prefer to avoid the sharing environment altogether. In four...
Persistent link: https://www.econbiz.de/10012466628
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Public Goods Agreements with Other-Regarding Preferences
Kolstad, Charles D. - 2011
Why cooperation occurs when noncooperation appears to be individually rational has been an issue in economics for at least a half century. In the 1960's and 1970's the context was cooperation in the prisoner's dilemma game; in the 1980's concern shifted to voluntary provision of public goods; in...
Persistent link: https://www.econbiz.de/10012461641
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The Tiebout Hypothesis and Majority Rule : An Empirical Analysis
Epple, Dennis - 1999
The paper provides a comprehensive empirical analysis of majority rule and Tiebout sorting within a system of local jurisdictions. The idea behind the estimation procedure is to investigate whether observed levels of public expenditures satisfy necessary conditions implied by majority rule in a...
Persistent link: https://www.econbiz.de/10012471830