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The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation

Kuminoff, Nicolai V. - 2010

Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public...

Persistent link: https://www.econbiz.de/10012462307

A Political Economy Theory of Partial Decentralization

Hatfield, John William - 2008

We revisit the classic problem of tax competition in the context of federal nations, and derive a positive theory of …

Persistent link: https://www.econbiz.de/10011986893

Voting on Public Goods : Citizens vs. Shareholders

Döttling, Robin; Levit, Doron Y.; Malenko, Nadya; … - National Bureau of Economic Research - 2024

We study the interplay between a "one person-one vote" political system and a "one share-one vote" corporate governance regime. The political system sets Pigouvian subsidies, while corporate governance determines firm-specific public good investments. Our analysis highlights a two-way feedback...

Persistent link: https://www.econbiz.de/10014576634

Corporate Social Responsibility and Voting over Public Goods

Samwick, Andrew; Wang, Sophie - National Bureau of Economic Research - 2023

This paper analyzes the impact of corporate social responsibility (CSR) on the total provision of public goods in a framework in which consumers who may make such voluntary contributions to public goods via CSR are also voters who decide on the level of taxes to finance publicly provided public...

Persistent link: https://www.econbiz.de/10014337865

Why is Fiscal Policy Often Procyclical?

Alesina, Alberto - 2005

Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...

Persistent link: https://www.econbiz.de/10012467077

Democracy Undone. Systematic Minority Advantage in Competitive Vote Markets

Casella, Alessandra - 2012

We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...

Persistent link: https://www.econbiz.de/10012460087

Public Goods and Ethnic Diversity : Evidence from Deforestation in Indonesia

Alesina, Alberto - 2014

This paper shows that the level of deforestation in Indonesia is positively related to the degree of ethnic fractionalization at the district level. To identify a casual relation we exploit the exogenous timing of variations in the level of ethnic heterogeneity due to the creation of new...

Persistent link: https://www.econbiz.de/10012458163

Social Fragmentation, Public Goods and Elections : Evidence from China

Miquel, Gerard Padro i - 2012

This study examines how the economic effects of elections in rural China depend on voter heterogeneity, for which we proxy with religious fractionalization. We first document religious composition and the introduction of village-level elections for a nearly nationally representative sample of...

Persistent link: https://www.econbiz.de/10012460027

Bribery or Just Desserts? Evidence on the Influence of Congressional Voting Patterns on PAC Contributions from Exogenous Variation in the Sex Mix of Legislator Offspring

Conley, Dalton - 2008

Evidence on the relationship between political contributions and legislators' voting behavior is marred by concerns about endogeneity in the estimation process. Using a legislator's offspring sex mix as an exogenous variable, we employ a two-stage least squares estimation procedure to predict...

Persistent link: https://www.econbiz.de/10012464704

Why Doesn't Capitalism Flow to Poor Countries?

Tella, Rafael Di - 2007

corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism …. The empirical pattern of beliefs within countries is consistent with this explanation: people who perceive corruption to … government in economic matters). Finally, we present a model explaining the corruption-left connection. It exploits the fact that …

Persistent link: https://www.econbiz.de/10012465489

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