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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

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

Lobbying of Firms by Voters

Dahm, Matthias; Dur, Robert; Glazer, Amihai - 2009

Persistent link: https://www.econbiz.de/10014205871

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

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

On the Dynamics of Interest Group Formation and Endogenous Policymaking

Sadiraj, Vjollca; Tuinstra, Jan; van Winden, Frans A.A.M. - 2000

We present a dynamic model of the interaction between interest groupsand policymakers, featuringendogenous interest group formation. We show that complicated dynamicpatterns in economicpolicies may arise once interest group formation is taken intoaccount.

Persistent link: https://www.econbiz.de/10010324602

Delegation or Voting

Swank, Otto H.; Visser, Bauke - 2002

Collective decision procedures should balance the incentives they provide toacquire information and their capacity to aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its qualityhas been acquired or not, we compare the...

Persistent link: https://www.econbiz.de/10010324768

The Consequences of Endogenizing Information for Herd Behavior

Swank, Otto H.; Visser, Bauke - 2003

In models of sequential decision making herd behaviour occurs if the signals smart(dumb) agents receive are (un)correlated and if agents have reputational concerns. We show thatintroducing costly effort to become informed about project payoffs (i) eliminates herdbehaviour and (ii) shifts...

Persistent link: https://www.econbiz.de/10010324777

Vanity in Politics: A Problem?

Suurmond, Guido; Swank, Otto H.; Visser, Bauke - 2002

Can vanity do any good? It may seem obvious to answer this question in the negative, as economists have shown how reputational concerns lead agents e.g. to ignore valuable information, to herd, and to become overly risk averse. We explore how proud agents may be a social blessing. An agent may...

Persistent link: https://www.econbiz.de/10010324778

The Optimal Degree of Polarization

Ossokina, Ioulia V.; Swank, Otto - 2001

In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure middle-of-the-road policy to a lottery of two extremes with the sameexpectation. In this paper we study the normative...

Persistent link: https://www.econbiz.de/10010324797