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We examine the incentives of regions in a country to unite or toseparate. We find that smaller regions have greater incentives tounite, relative to larger regions. We show, however, that on thewhole, majority voting on separation and union generates excessiveincentives to separate. This leads us...
Persistent link: https://www.econbiz.de/10011303324
This paper examines the effect of local political decision-making institutions (i.e., direct democracy vs. representative democracy) on citizens' preferences toward public spending. Exogenous variation in institutions comes from a regression discontinuity design, which exploits a discrete change...
Persistent link: https://www.econbiz.de/10011977357
Democratic direct voting on issues (in the form of referenda) suffers from the tyranny of the majority as well as potentially supporting extremist and populist positions. We state 4 fair voting principles for issue based voting, and show that current direct voting systems are not consistent with...
Persistent link: https://www.econbiz.de/10014080650
study of the Stuttgart 21 referendum on one of the largest infrastructure projects in Germany. The evidence suggests that …
Persistent link: https://www.econbiz.de/10011428873
Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principal-agent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...
Persistent link: https://www.econbiz.de/10009765038
study of the Stuttgart 21 referendum on one of the largest infrastructure projects in Germany. The evi-dence suggests that …
Persistent link: https://www.econbiz.de/10011434471
Persistent link: https://www.econbiz.de/10011550331
Persistent link: https://www.econbiz.de/10010417749
benefit a lot from having a ticket, suggesting instrumental voting. In each referendum, a majority votes in line with self …
Persistent link: https://www.econbiz.de/10010496966
Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principalagent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...
Persistent link: https://www.econbiz.de/10010188873