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Priority Roads: the Political Economy of Africa's Interior-to-Coast Roads
Bonfatti, Roberto; Gu, Yuan; Poelhekke, Steven - 2019
Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...
Persistent link: https://www.econbiz.de/10012114759
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The Impact of Lobbying on the Allocation of Political Authority
Falconieri, Sonia - 2001
This paper studies the internal organizational design of politicalinstitutions in presence of lobbying. We consider a … of the feasible policies.In this context, we investigate the impact of lobbying on the optimalallocation of political … as the choicebetween two alternative legislative rules: open versus closed rule.We show that, in presence of lobbying …
Persistent link: https://www.econbiz.de/10010324782
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Lobbying of Firms by Voters
Dahm, Matthias; Dur, Robert; Glazer, Amihai - 2009
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10010325896
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Lobbying of Firms by Voters
Dahm, Matthias; Dur, Robert; Glazer, Amihai - 2009
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10014205871
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The Political Economy of Commitment to Policies
Delfgaauw, Josse; Swank, Otto H. - 2023
IPCC (2022) documents a looming gap between climate goals and implemented policies and points to a lack of political commitment. We study policymakers' incentives to commit. A policymaker decides on a policy to encourage citizens to make investments and determines the degree of flexibility to...
Persistent link: https://www.econbiz.de/10014469588
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Learning Dynamics and the Support for Economic Reforms: Why Good News can be Bad
van Wijnbergen, Sweder; Willems, Tim - 2012
paradox, the reason being that the process of revealing reform outcomes is an example of sampling without replacement: every … identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning … considerations challenge the conventional wisdom that sequencing should be such that favorable reform outcomes are revealed first …
Persistent link: https://www.econbiz.de/10010326523
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Demand Reduction and Preemptive Bidding in Multi-Unit License Auctions
Goeree, Jacob; Offerman, Theo; Sloof, Randolph - 2004
Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the market at low prices. At the same time, they allow for preemptive bidding by incumbent bidders in a coordinated attempt to exclude entrants from the market. We consider an...
Persistent link: https://www.econbiz.de/10010325228
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik; Smant, David J.C.; de Vries, … - 2004
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...
Persistent link: https://www.econbiz.de/10010325499
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Bargaining in the Presence of Condorcet Cycles: The Role of Asymmetries
Kamm, Aaron; Houba, Harold - 2015
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10011288420
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The Effect of Fiscal Rules on Public Investment if Budget Deficits are Politically Motivated
Dur, Robert A.J.; Peletier, Ben D.; Swank, Otto H. - 1997
Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...
Persistent link: https://www.econbiz.de/10010324588