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Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"
Acemoglu, Daron - 2005
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/10012467450
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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
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Voting as a Rational Choice : Why and How People Vote to Improve the Well-Being of Others
Edlin, Aaron - 2007
For voters with "social" preferences, the expected utility of voting is approximately independent of the size of the electorate, suggesting that rational voter turnouts can be substantial even in large elections. Less important elections are predicted to have lower turnout, but a feedback...
Persistent link: https://www.econbiz.de/10012465085
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Incumbent Behavior : Vote Seeking, Tax Setting and Yardstick Competition
Besley, Timothy - 1992
This paper presents a theoretical and empirical investigation of tax competition when voters use the tax policy of neighboring jurisdictions as information to evaluate the performance of their incumbent politicians. We show that this has implications both for voter tolerance of high taxes and...
Persistent link: https://www.econbiz.de/10012474939
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Group-based Voting in Multicandidate Elections
Bouton, Laurent - 2017
We study the properties of the group-based model of voting in elections with more than two candidates. We consider two of the most widely used electoral rules around the world: plurality and majority runoff. We fully characterize the set of equilibria under both rules and identify the features...
Persistent link: https://www.econbiz.de/10012453816
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Policy Experimentation, Redistribution and Voting Rules
Bowen, Renee - 2018
members choose either a risky reform or a safe alternative each period. When no redistribution is allowed the unique … equilibrium outcome is generically inefficient. When redistribution is allowed (even small amounts), there always exists an … policy experimentation is possible only with a sufficient amount of redistribution. We conclude that veto rights are more of …
Persistent link: https://www.econbiz.de/10012480686
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Micro vs Macro Labor Supply Elasticities : The Role of Dynamic Returns to Effort
Kleven, Henrik Jacobsen; Kreiner, Claus Thustrup; … - National Bureau of Economic Research - 2023
A key contention in economics is the discrepancy between micro and macro elasticities of labor supply with respect to marginal tax rates. We revisit this question, focusing on the role of dynamic returns to effort among top earners. We develop a new model of earnings responses to taxes in the...
Persistent link: https://www.econbiz.de/10014337783
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Taxation and Household Decisions : an Intertemporal Analysis
Bronson, Mary Ann; Haanwinckel, Daniel; Mazzocco, Maurizio - National Bureau of Economic Research - 2024
How do different income taxation systems affect household decisions and welfare? We answer this question by first documenting the strong labor supply disincentives for secondary earners of the U.S. tax system and by using variations from the Bush Tax Cuts to assess their effects on...
Persistent link: https://www.econbiz.de/10015056188
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Electoral Incentives and the Allocation of Public Funds
Finan, Frederico - 2016
It is widely believed that politicians allocate public resources in ways to maximize political gains. But what is less clear is whether this comes at a cost to welfare; and if so, whether alternative electoral rules can help reduce these costs. In this paper, we address both of these questions by...
Persistent link: https://www.econbiz.de/10012456813
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Inequality, Technology, and the Social Contract
Benabou, Roland - 2004
The distribution of human capital and income lies at the center of a nexus of forces that shape a country's economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10012468322