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Essays in applied microeconomic theory
Bandyopadhyay, Siddhartha - 2003
Persistent link: https://www.econbiz.de/10003384119
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Competition of Politicians for Incentive Contracts and Elections
Gersbach, Hans - 2021
When politicians are short-term oriented or future elections do not sufficiently reflect the success of past policies, democratic elections cannot motivate politicians to undertake long-term socially beneficial projects. When politicians can offer incentive contracts which become effective upon...
Persistent link: https://www.econbiz.de/10013321142
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Incentive contracts and elections for politicians with multi-task problems
Gersbach, Hans; Liessem, Verena - 2004
We consider a model with a politician facing a multi-task problem while in office. The reelection mechanism distorts the allocation of effort in favor of tasks whose outcomes can be measured more precisely than others. We show that a hierarchy of elections and incentive contracts can alleviate...
Persistent link: https://www.econbiz.de/10014145815
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Competition of politicians for incentive contracts and elections
Gersbach, Hans - 2001
When politicians have lower discount factors than voters, democratic elections cannot sufficiently motivate politicians to undertake long-term socially beneficial projects. When politicians can offer incentive contracts which become effective upon reelection, the hierarchy of contracts and...
Persistent link: https://www.econbiz.de/10011397764
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Coalition governments and policy reform with asymmetric information
Helm, Carsten (contributor); Neugart, Michael (contributor) - 2008
proposals is hard to judge for the electorate. However, if reform proposals have to be agreed upon by coalition parties, it may …, in coalition governments reforms will be more in line with policy requirements than in single-party governments. This is … usually beneficial for the coalition parties as well as for the voter. -- Asymmetric information ; coalition governments …
Persistent link: https://www.econbiz.de/10003784367
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Tax Contracts and Elections
Gersbach, Hans; Schneider, Maik T. - 2010
In this paper we examine the impact of tax contracts as a novel institution on elections, policies, and welfare. We consider a political game in which three parties compete to form the government. Parties have policy preferences about the level of public-good provision and benefit from perks...
Persistent link: https://www.econbiz.de/10014199808
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Coalition formation for unpopular reform in the presence of private reputation costs
Winschel, Evguenia - 2012
This paper studies coalition formation under asymmetric information. An outside party offers private payments in order … information. The paper demonstrates that a supermajority coalition induces truth-telling and secures the implementation of the … decision for a price close to the full information minimal winning coalition price. On the contrary, if the minimal winning …
Persistent link: https://www.econbiz.de/10011490230
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Mechanisms for efficient voting with private information about preferences
Engelmann, Dirk; Grimm, Veronika - 2008
We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences, which leads to inefficiency. We analyze an exogenous linking...
Persistent link: https://www.econbiz.de/10003894591
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Persuasion and information aggregation in elections
Heese, Carl; Lauermann, Stephan - 2021
This paper studies a large majority election with voters who have heterogeneous, private preferences and exogenous private signals. We show that a Bayesian persuader can implement any state-contingent outcome in some equilibrium by providing additional information. In this setting, without the...
Persistent link: https://www.econbiz.de/10012614794
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Essays on coalition formation
Winschel, Evguenia - 2007
Persistent link: https://www.econbiz.de/10003779933