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Traditional political economy has paid primary attention to the structuring of the principal-agent relationship between citizens and politicians and the role of competition and institutions in disciplining political agents. However, as the electoral control of politicians and the credibility of...
Persistent link: https://www.econbiz.de/10011390689
Conventional wisdom suggests that compulsory voting lowers the influence of specialinterest groups and leads to … policies that are better for less privileged citizens, who often abstain when voting is voluntary. To scrutinize this … conventional wisdom, I study public goods provision and rents to special-interest groups in a probabilistic voting model with …
Persistent link: https://www.econbiz.de/10011430085
insights. First, voting propensity increases systematically with subjects' predictions of their preferred alternative …
Persistent link: https://www.econbiz.de/10010316838
We set up a model of elections or referendums with two alternatives to study how voter turnout and election outcomes are affected by the publication of exit polls on election day. We find that the introduction of an exit poll influences the incentive to vote both before and after the poll is...
Persistent link: https://www.econbiz.de/10010320990
This paper provides a theoretical model of pre-electoral budget cycle and tests its empirical implications. Whenelections approach, incumbent policy-makers have an incentive to signal their competency by acting on economicvariables. Rational voters incorporate the knowledge of such mechanisms in...
Persistent link: https://www.econbiz.de/10010324765
, by coordinating voting behavior,these interest groups increase the winning set, which is defined as the set of policy …
Persistent link: https://www.econbiz.de/10010325751
. Chapter 3 examines whether the municipalities' voting behavior in state elections in a German state influenced the …
Persistent link: https://www.econbiz.de/10011698353
In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been implemented. Using the Public Choice approach we...
Persistent link: https://www.econbiz.de/10010315254
Many countries, especially developing ones, follow procyclical fiscal policies, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10010261343
people with high talent (and vice-versa). We find a political economy equilibrium of the voting game using probabilistic … voting. When the poor are more politically influent, the economy is characterized by a higher level of education, growth and …
Persistent link: https://www.econbiz.de/10010264081