experiment is the abolishment of an explicit electoral threshold (the so called "five percent hurdle") for local elections in … elections, but local politicians from mainstream parties had the ability to adjust municipal political institutions in such as …

. The results show that realized investment ratios decreased in years when state elections occurred relative to the average … develop better before state elections and worse after state elections. The second part of this dissertation investigates how …

experiment is the abolishment of an explicit electoral threshold (the so called "five percent hurdle") for local elections in … elections, but local politicians from large mainstream parties had the ability to adjust municipal political institutions in …

an event-study approach which links election information shocks provided by official results of state-level elections in … conducted closely around state elections, we show that individual exposure to positive election information shocks significantly …

voters choose taxation, government expenditure and debt accumulation through repeated elections. Debt introduces a conflict …

local council towards direct mayor elections was introduced during a phase-in period from 1993 to 1998. The end of the term …

. Chapter 3 examines whether the municipalities' voting behavior in state elections in a German state influenced the … the budget balance. The results show that stock-flow adjustments increased before elections. In Germany, stock …, ob das Wahlverhalten der Gemeinden bei Landtagswahlen in einem deutschen Bundesland die Verteilung von diskretionären …

economies, previous political cycle models had overlooked the influence of elections on the behavior of exchange rates. Voter …