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The literature on electoral cycles has developed in two distinct phases. The first one considered the existence of non-rational (naive) voters whereas the second one considered fully rational voters. In our perspective, an intermediate approach is more interesting, i.e. one that considers...
Persistent link: https://www.econbiz.de/10010295273
In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure middle-of-the-road policy to a lottery of two extremes with the sameexpectation. In this paper we study the normative...
Persistent link: https://www.econbiz.de/10010324797
and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections …. Elections are needed as a carrot and a stick to motivate politicians, yet politicians who are overly interested in re …
Persistent link: https://www.econbiz.de/10010324884
elections (exogenous elections) andthe decision is salient and the election outcome depends on it (endogenous elections).We show …. Furthermore, in contrast to the existing literature, wedemonstrate that, when elections are exogenous, polarization between … political parties does not always decreaseactive learning. In the case with endogenous elections we find that electoral concerns …
Persistent link: https://www.econbiz.de/10010325052
periods and holds elections at the beginning of each period; one vote is sufficient for admission, and voters can support as …
Persistent link: https://www.econbiz.de/10011608403
We present a model of elections in which interest group donations allow candidates to shift policy positions. We show …
Persistent link: https://www.econbiz.de/10010266018
elections, we show that when time constraints are binding, bicameralism might lead to a decline in the legislator's bargaining …
Persistent link: https://www.econbiz.de/10010273815
This article analyses the dynamics of electoral promises, building on an electoral competition model with endogenous policies. It extends the Grossman-Helpman (1994) model [Grossman G., Helpman E. [1994], Protection for sale, American Economic Review, 84, 4, 833-850] to include sanctions from...
Persistent link: https://www.econbiz.de/10010274511
democratic elections. An information market is used to predict the long-term performance of a policy, while threshold contracts …
Persistent link: https://www.econbiz.de/10010274852
In this paper we examine the impact of tax contracts as a novel institution on elections, policies, and welfare. We …
Persistent link: https://www.econbiz.de/10011753187