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Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a sufficiently large fraction of agents attacks it – have been used to study crises phenomena such as currency attacks, bank runs, debt crises, and political change. We extend...
Persistent link: https://www.econbiz.de/10008665284
Performance budgeting schemes in the public sector have to operate with imperfect performance measures. We argue that these imperfections generate incentives for the potential recipients of performance-based funds to use up resources in socially wasteful influence activities. We develop a...
Persistent link: https://www.econbiz.de/10009723181
The CNN exit polls after the 2004 election rated moral values the most important issue; next came jobs and the economy. Eighty percent of the voters who rated moral values the most important issue voted for Bush while eighty percent of the voters who rated jobs and the economy the most important...
Persistent link: https://www.econbiz.de/10011527394
We report here a summary of our recent research on the effect that the race issue, in the United States, and the immigration issue in European countries, is having on the degree of redistribution and the size of the public sector that is implemented through political competition. We model...
Persistent link: https://www.econbiz.de/10011527493
Controversies over the promise and perils of union political influence have erupted around the U.S. This study develops the first evidence on the degree to which labor unions develop members' political leadership in the broader community by studying the relationship between state legislators'...
Persistent link: https://www.econbiz.de/10009536632
The evolution of large-scale cooperation among genetic strangers is a fundamental unanswered question in the social sciences. Behavioral economics has persuasively shown that so called "strong reciprocity" plays a key role in accounting for the endogenous enforcement of cooperation. Insofar as...
Persistent link: https://www.econbiz.de/10009298308
Traditionally economic theory assumes that preferences are stable facilitating positive predictions of economic policy. While there is conflicting experimental evidence on the temporal stability of cooperation preferences in public goods provision, surprisingly little is known about their...
Persistent link: https://www.econbiz.de/10009680744
This article considers how behavioral public choice theory can evolve and apply to U.S. national security, transnational security, and human rights fields. It draws upon the processes by which CIA, Defense Department, and other the Bush-Cheney administration officials implemented a new global...
Persistent link: https://www.econbiz.de/10012960623
In 2017, President Trump signed Executive Order 13771, which required that two regulations be identified for elimination each time a new federal rule is proposed. The order also created, for the first time, a system of annual regulatory budget allocations for federal agencies. On the surface,...
Persistent link: https://www.econbiz.de/10012911017
Politicians' behavioral changes as an election nears have typically been attributed to the incentive effects of an election. I document that behavioral changes can occur even for unelected judges.Using data from 1925-2002 on U.S. appellate judges, who are appointed for life, I find that just...
Persistent link: https://www.econbiz.de/10012855303