Showing 1 - 10 of 138
While people in democracies can vote their government out when they are discontent with its policies, those in dictatorships cannot do so. They can only attempt to expel the dictator via mass protests or revolutions. Based on a general cause-and-effect mechanism, the author analyzes whether such...
Persistent link: https://www.econbiz.de/10010307605
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
The paper compares decision-making on the centralisation of public goods provision in the presence of regional externalities under representative and direct democratic institutions. A model with two regions, two public goods and regional spillovers is developed in which uncertainty over the true...
Persistent link: https://www.econbiz.de/10011422153
We often use delegation as a commitment device if a government faces problems of timeinconsistency. McCallum (1995, AER P&P) challenged this practice, claiming that delegation merely relocates the commitment problem but does not solve it. In a model where delegation and specific policies are...
Persistent link: https://www.econbiz.de/10011422169
We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains, whereas too low spending persists in others.We study a model in which delegates from jurisdictions bargain over local public goods provision.If all of the costs of public...
Persistent link: https://www.econbiz.de/10010324848
This article examines whether the judges of the French Constitutional Court demonstrated partisanship when ruling on the validity of the elections to the lower house of the French Parliament between 1958 and 2005. It uses a new dataset on the decisions of the Constitutional Court which takes...
Persistent link: https://www.econbiz.de/10010335999
This paper uses household data from India to examine the economic and social status of village politicians, and how individual and village characteristics affect politician behavior while in office. Education increases the chances of selection to public office and reduces the odds that a...
Persistent link: https://www.econbiz.de/10010369140
Given heterogeneity in incomes and health risks, with asymmetric information in the latter, preferences over the public-private mix in health insurance and care are derived. Results concerning crowding-out in the presence of adverse selection are established. For low-risk individuals,...
Persistent link: https://www.econbiz.de/10010443330
Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalisation are increasing the exposure of individuals to information. Goods advertising is...
Persistent link: https://www.econbiz.de/10010315559
The budget forms the legal basis of government spending. If a budget is not in place at the beginning of the fiscal year, planning as well as current spending are jeopardized and government shutdown may result. This paper develops a continuous-time war-of-attrition model of budgeting in a...
Persistent link: https://www.econbiz.de/10010320968