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Emotions and Political Unrest
Passarelli, Francesco; Tabellini, Guido - CESifo - 2013
This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated … by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This …
Persistent link: https://www.econbiz.de/10010631771
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Emotions and Political Unrest
Passarelli, Francesco; Tabellini, Guido - C.E.P.R. Discussion Papers - 2013
This paper formulates a theory of how political unrest influences public policy. Political unrest is motivated by … emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is …
Persistent link: https://www.econbiz.de/10011083543
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Comparative Politics and Public Finance
Persson, Torsten; Roland, Gérard; Tabellini, Guido - C.E.P.R. Discussion Papers - 1997
This paper presents a model of electoral accountability to compare the public finance outcomes under a presidential-congressional and a parliamentary system. In a presidential-congressional system, contrary to a parliamentary system, there are no endogenous incentives for legislative cohesion,...
Persistent link: https://www.econbiz.de/10005136516
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I sistemi elettorali e la politica fiscale: il caso italiano dal 1861 ai giorni nostri
Salsano, Francesco; Uberti, Teodora Erika - Centro di Ricerche in ANalisi EConomica e sviluppo … - 2008
This paper aims to the analysis of the rules electoral effects on fiscal policy, respect to the Italian case: in fact Italy, since 1861 until nowadays, modified several times its electoral system, switching from the majoritarian to the proportional system. In particular here we focus on the...
Persistent link: https://www.econbiz.de/10010612118
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Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008
Ponticelli, Jacopo; Voth, Hans-Joachim - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period 1919 to 2008, we examine … responses to budget cuts, countries with more constraints on the executive are less likely to see unrest after austerity … measures. Growing media penetration does not strengthen the effect of cut-backs on the level of unrest. We also find that …
Persistent link: https://www.econbiz.de/10010851354
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Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008
Ponticelli, Jacopo; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2011
Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period 1919 to 2008, we examine … the executive are less likely to see unrest after austerity measures. Growing media penetration does not strengthen the … effect of cut-backs on the level of unrest. …
Persistent link: https://www.econbiz.de/10009201119
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How Deep is the Annuity Market Participation Puzzle?
Lopes, Paula - 2008
Using U.K. microeconomic data, we analyze the empirical determinants of voluntary annuity market demand. We find that annuity market participation increases with financial wealth, life expectancy and education and decreases with other pension income and a possible bequest motive for surviving...
Persistent link: https://www.econbiz.de/10012725349
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The Drivers of Deregulation in the Era of Globalization
Heinemann, Friedrich - 2008
This paper treats the question to what extent globalization trends restrict a country specific regulation policy in industrial countries. The empirical analysis makes use of recently collected regulation indicators for four policy fields: financial market, product markets, labour markets and...
Persistent link: https://www.econbiz.de/10012727195
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On the Conceptual Inadequacy of the Original Cost Regulatory System
Jensen, Michael C. - 2008
The original cost regulatory system, as currently used in the regulation of utilities and natural gas pipelines, cannot emulate the response of a competitive firm to high and varying inflation. Although there can be many problems introduced by regulatory lag and by high administrative and...
Persistent link: https://www.econbiz.de/10012727588
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From Corporate Governance to Metagovernance - A Holistic Framework
Radia, Sheetal Kumar - 2007
Corporate and financial market history has demonstrated that the approaches to corporate governance set out in the standard economics and finance literature may require further development. This paper presents a generic and holistic framework that views corporate governance as part of the...
Persistent link: https://www.econbiz.de/10012730134