Showing 1 - 10 of 196
Earlier studies estimating the demand for local public services by means of the median voter model have typically assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand function has in most cases not been supported by a well-defined...
Persistent link: https://www.econbiz.de/10010321816
One of the main features of health insurance is moral hazard, as defined by Pauly (1968); people face incentives for excess utilization of medical care since they do not pay the full marginal cost for provision. To mitigate the moral hazard problem, a coinsurance can be included in the insurance...
Persistent link: https://www.econbiz.de/10010321829
Commercial policies are often only efficient insofar as those harmed can be compensated. In practice, compensatory measures fall far short of distributive harm. We rationalize the paucity of compensation as a strategic effort on the part of elected officials to withhold information about effects...
Persistent link: https://www.econbiz.de/10013342567
The paper studies the relationship between inequality and economic growth. This is done in a two sector model of endogenous growth with agents characterized by heterogeneity of factor endowments. The private sector consists of a large number of competitive firms who produce the only final good...
Persistent link: https://www.econbiz.de/10010318339
" repeatedly vote for redistribution policies and engage in production. We find that women vote for more egalitarian redistribution …
Persistent link: https://www.econbiz.de/10013164121
inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and … their voting behavior. The association between objective and subjective measures of inequality and redistribution vanishes …
Persistent link: https://www.econbiz.de/10010316895
No voters cast their votes based on perfect information, but better educated and richer voters are on average better informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of poor voters, and cause parties to choose political...
Persistent link: https://www.econbiz.de/10010316941
We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10010420263
This article analyzes income redistribution in the inter-ethnic context. The model shows that redistribution in favor … demonstrates that income redistribution, although financed by taxes levied on the skilled, generates a mechanism that, via its …
Persistent link: https://www.econbiz.de/10010336073
redistribution and lowers institutional quality. The effect of the former is to increase productive investment, and the effect of the … redistribution, especially in non-democratic countries. …
Persistent link: https://www.econbiz.de/10010278272