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The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each individual as in a direct democracy. The mechanism is designed such that Pareto optimality is possible, in contrast to earlier models which make various...
Persistent link: https://www.econbiz.de/10008695421
The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each individual as in a direct democracy. The mechanism is designed such that Pareto optimality is possible, in contrast to earlier models which make various...
Persistent link: https://www.econbiz.de/10003933123
Persistent link: https://www.econbiz.de/10000920261
Despite spending far more on medical care, Americans live shorter lives than the citizens of other high-income countries. The situation has been getting worse for at least three decades. This paper describes the main scientific methods for guiding the allocation of resources to health -...
Persistent link: https://www.econbiz.de/10010361480
Contemporary politics in most western countries can be modeled with two dominant left and right factions, with some third parties, some of whom are non-interventionists. Although unsuccessful, they occasionally claim widespread support. Treating such claims as valid I develop a model of...
Persistent link: https://www.econbiz.de/10012896505
We present a model that links heterogeneity of preferences across ethnic groups in a city to the amount and type of public good the city supplies. We test the implications of the model with three related datasets: U.S. cities, U.S. metropolitan areas, and U.S. urban counties. Results show that...
Persistent link: https://www.econbiz.de/10014074852
We experiment with integrating economics and ethics in a form that could be described as literary-critical economic nonfiction. After offering an interpretation of Percy Shelley's “Prometheus Unbound,” we map the modern world of commerce into our interpretation of the lyrical drama to...
Persistent link: https://www.econbiz.de/10012967668
In this paper we argue that authorities aid cooperation by means ofdirect coordination or the enforcement of re-commitment devices suchas contract laws.Credible threats of violence allow this role. In alocal interaction model, an authority forms if mutually connected individuals with sufficient...
Persistent link: https://www.econbiz.de/10011302150
It is well recognised that the issue of the social rate of discount applies only to the gains from public investment that accrues to the public sector. When it comes to measurement, however, there is a problem: public investment in infrastructure and the like do not usually yield direct...
Persistent link: https://www.econbiz.de/10011514079
Many reform initiatives in developing countries fail to achieve sustained improvements in performance because they are merely isomorphic mimicry - that is, governments and organizations pretend to reform by changing what policies or organizations look like rather than what they actually do. The...
Persistent link: https://www.econbiz.de/10009563411