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Richard Musgrave coined the terminology of merit wants and merit goods in the 1950s in the context of the theory of public finance. He pointed out that certain goods such as free school lunches or subsidies to low cost housing did not have pure public or private good characteristics. If a...
Persistent link: https://www.econbiz.de/10012928121
In this paper we investigate the role of judicial control of lobbying activities in an endogenous policy framework, focusing on two dimensions of quality of the judiciary, namely efficiency and integrity. We present a multi-layer lobbying model where a self-interested group is allowed to inuence...
Persistent link: https://www.econbiz.de/10003971532
In this paper we investigate the role of judicial control of lobbying activities in an endogenous policy framework, focusing on two dimensions of quality of the judiciary, namely efficiency and integrity. We present a multi-layer lobbying model where a self-interested group is allowed to...
Persistent link: https://www.econbiz.de/10013142878
I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...
Persistent link: https://www.econbiz.de/10003456076
This article analyses how the presence of a dominant group of voters within the electorate affects voter turnout. Theoretically, we argue that both the absolute size and the relative power of a dominant group influence voters' decision-making process. The former effect derives from increased...
Persistent link: https://www.econbiz.de/10011286404
We analyze the decision rules governing public employment policy, capital allocation between private and public sector, and the size of the public sector in a two-type and two-sector optimal nonlinear income-tax model with endogenous wages. The government can reduce wage inequality in the...
Persistent link: https://www.econbiz.de/10013047935
This paper discusses the strategic building blocks of pension reform. The early sections set out the simple economics of pensions and discuss a series of myths which have proved remarkably persistent. Subsequent sections draw together the conclusions for policy design from earlier theoretical...
Persistent link: https://www.econbiz.de/10013317857
It is a well-known fact that reforms necessary to enhance competition and make the economy more attractive play a major role in the Government activity in Europe. Considering the Italian state of affairs, this paper focuses on the inefficiency of public producers in the light of certain market...
Persistent link: https://www.econbiz.de/10014130654
The role of government in the process of globalization has been discussed extensively in recent years. The two “rivaling” theories that best reflect conventional wisdom are the “efficiency” and the “compensation” hypothesis. With regard to the compensation hypothesis, I challenge...
Persistent link: https://www.econbiz.de/10014142397
This Article is a first-of-its-kind application of public choice theory to recently developing theories of virtue jurisprudence. Particularly, this Article focuses on not-yet-developed theories of aretaic (or virtue-centered) legislation. This Article speculates what the contours of such...
Persistent link: https://www.econbiz.de/10014147157