Showing 1 - 10 of 30
This paper integrates the distributive politics literature with the literature on decentralization by incorporating inter-regional project externalities into a standard model of distributive policy. A key finding is that the degree of uniformity (or "universalism") of the provision of regional...
Persistent link: https://www.econbiz.de/10005368711
This paper considers a class of two-player dynamic games in which each player controls a one-dimensional variable which we interpret as a level of cooperation. In the base model, there is an irreversibility constraint stating that this variable can never be reduced, only increased. It otherwise...
Persistent link: https://www.econbiz.de/10005146914
This paper studies a model where the power to set policy (a choice of project) may be assigned to central or regional government via either a federal or unitary referendum (constitutional rule, CR). The benefit of central provision is an economy of scale, while the cost is political...
Persistent link: https://www.econbiz.de/10005178322
This paper studies the dominance-solvability (by iterated deletion of weakly dominated strategies) of plurality rule voting games. For K 3 alternatives and n 3 voters, we find sufficient conditions for the game to be dominance-solvable (DS) and not to be DS. These conditions can be stated in...
Persistent link: https://www.econbiz.de/10005747062
This paper studies an otherwise standard principal-agent problem with hidden information, but whether there are positive production externalities between agents: the output of any agent depends positively on the effort expended by the other agents. It is shown that the optimal contract for the...
Persistent link: https://www.econbiz.de/10005747179
This paper considers a class of two-player dynamic games in which each player controls a one-dimensional variable which we interpret as a level of cooperation. In the base model, there is an irreversibility constraint stating that this variable can never be reduced, only increased. It otherwise...
Persistent link: https://www.econbiz.de/10005748184
This paper studies a principal-agent model of the relationship between office-holders and the electorate, where the office-holder is initially uninformed about herability (following Holmström, 1999). If office-holder effort and ability interact in the "production function" that determines...
Persistent link: https://www.econbiz.de/10005583035
Previous work on the property rights theory of the firm suggests that in the presence of outside options, asset ownership may demotivate managers. This paper shows that this conclusion relies on the assumption that a manager's outside option only depends on her own investment.
Persistent link: https://www.econbiz.de/10005583050
This paper proposes a general framework for analyzing commodity tax competition under destination and origin principles, based on three possible tax spillovers, the consumer price spillover, the producer price/terms of trade spillover, and rent spillovers. A model is presented which can be...
Persistent link: https://www.econbiz.de/10005583097
This paper studies a principal-agent model of the relationship between officeholder and the electorate, where everyone is initially uninformed about the officeholder’s ability. If office-holder effort and ability interact in the determination of performance in office, then an office-holder has...
Persistent link: https://www.econbiz.de/10005368541