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Increasing the attractiveness of voting is often seen as a remedy for unequal par- ticipation and the influence of special-interest groups on public policy. However, lower voting costs may also bring less informed citizens to the poll inviting efforts to sway these voters. We substantiate this...
Persistent link: https://www.econbiz.de/10011390673
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/10010325896
We suggest a probabilistic voting model where voters' preferences for alternative public goods display habit formation. Current policies determine habit levels and in turn the future preferences of the voters. This allows the incumbent to act strategically in order to influence the probability...
Persistent link: https://www.econbiz.de/10010264268
Conventional wisdom suggests that compulsory voting lowers the influence of specialinterest groups and leads to policies that are better for less privileged citizens, who often abstain when voting is voluntary. To scrutinize this conventional wisdom, I study public goods provision and rents to...
Persistent link: https://www.econbiz.de/10011430085
The paper considers public funding of political parties when some voters are poorly informed about parties? candidates and campaigns are informative. For symmetric equilibria, it is shown that more public funding leads parties to chose more moderate candidates, and that an increase in the...
Persistent link: https://www.econbiz.de/10010320992
This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district whose voters or representative support the policy. In...
Persistent link: https://www.econbiz.de/10010281930
With ideological parties being better informed about the state of the world than voters, the true motivation of policy proposals is hard to judge for the electorate. However, if reform proposals have to be agreed upon by coalition parties, it may become possible for the government to signal to...
Persistent link: https://www.econbiz.de/10010285358
Generally, Democrats do not increase military spending, and Republicans do not raise welfare payments. Mostly, ruling politicians stick to the manifesto of their party. The current paper provides a theoretical explanation for this phenomenon that does not assume politicians or voters to be...
Persistent link: https://www.econbiz.de/10003633611
In "The Myth of the Rational Voter" Brian Caplan shows that voters entertain systematically biased beliefs on a number of essential issues of economic policy and concludes that this leads democracies to choose bad policies. We introduce the psychological concept of mental models to address...
Persistent link: https://www.econbiz.de/10003865948
Nach einem kurzen Rückblick auf das Downs-Modell diskutieren wir anhand empirischer Daten aus Deutschland dessen heutige Relevanz unter Berücksichtigung der aus der Fairness-Literatur bekannten Ungleichheitsaversion (UA). Dabei wird der Begriff der sozialen Präferenzen um das neue Konzept der...
Persistent link: https://www.econbiz.de/10008986628