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Governments do not have perfect information regarding constituent priorities and needs. This lack of knowledge opens the door for groups to lobby in order to affect the government's taxation levels. We examine the political economy of decentralized revenue-raising authority in light of social...
Persistent link: https://www.econbiz.de/10011762207
This paper analyzes voting on a linear income tax which is redistributed lump sum to the taxpayers. Individuals can …
Persistent link: https://www.econbiz.de/10011437454
committees benefits from voting insincerely accrue not only when a decision maker's vote is pivotal. As the number of voters … increases, the cost of voting insincerely declines in an open committee because the probability of being pivotal declines. This … is not the case in a closed committee where costs and benefits of insincere voting only arise when a voter is pivotal. …
Persistent link: https://www.econbiz.de/10009635893
We analyze the ECB Governing Council’s voting procedures. The literature has by now discussed numerous aspects of the … rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization … separately. -- Euro area ; European Central Bank ; monetary policy ; rotation ; voting rights …
Persistent link: https://www.econbiz.de/10003950863
We analyze the ECB Governing Council's voting procedures. The literature has by now discussed numerous aspects of the … rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization … separately. -- Euro area ; European Central Bank ; monetary policy ; rotation ; voting rights …
Persistent link: https://www.econbiz.de/10003945950
Preventive policy measures such as bailouts often pass parliament very narrowly. We present a model of asymmetric information between politicians and voters which rationalizes this narrow parliamentary outcome. A successful preventive policy impedes the verification of its own necessity. When...
Persistent link: https://www.econbiz.de/10009580163
economics. This paper explores voting on a scheme of intergroup competition, which facilitates cooperation in a social dilemma … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost … foregone. -- public goods ; competition ; tournament ; cooperation ; voting …
Persistent link: https://www.econbiz.de/10009548053
We consider a committee voting setup with two rounds of voting where committee members who possess private information … information in the first voting period. Coughlan (2000) shows that members reveal their information in a straw poll only if their …
Persistent link: https://www.econbiz.de/10011430746
This paper considers the implications of an important cognitive bias in information processing, confirmation bias, in a political agency setting. In the baseline two-period case where only the politician's actions are observable before the election, we show that when voters have this bias, it...
Persistent link: https://www.econbiz.de/10011286492
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10011378822