Showing 1 - 10 of 30,009
To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...
Persistent link: https://www.econbiz.de/10012840381
To explore the propagation of populist extremism across countries, we construct a multi-country model wherein each country's politician sequentially implements a policy. Voters learn the incumbent politician's type and the desirable policy by observing foreign policies on top of the domestic...
Persistent link: https://www.econbiz.de/10012894379
, the theory's main insight being that the central government's electoral strength should, all else being equal, decrease … government electoral strength and both expenditure and revenue centralization emerges as negative and non-linear. -- fiscal … decentralization ; fiscal federalism ; vertical interactions ; partial decentralization ; elections …
Persistent link: https://www.econbiz.de/10009301206
Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focusses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...
Persistent link: https://www.econbiz.de/10014114861
competition. The game is composed of three stages: i) an election is held in the first-mover country and a policymaker is chosen … by majority voting; ii) similarly, an election to choose a policymaker is held in the second-mover country; and iii …
Persistent link: https://www.econbiz.de/10012871140
This paper investigates how electoral timing influences policymakers' responses to currency crises. Previous empirical research has shown that elections significantly influence both the probability that a currency crisis emerges and the government's policy responses to such crises. This paper...
Persistent link: https://www.econbiz.de/10014056499
The traditional school of economic policy analysis predicts that globalisation will give rise to predatory competition between the governments of the European nation states. The consequence is anticipated to be a marked reduction in, if not the destruction of, the benevolent Welfare State. The...
Persistent link: https://www.econbiz.de/10011408984
The Internet globalizes the world. National regulatory autonomy shrinks. Transferring data from one country to another is almost costless. Foreign content is just a click away. Why is it that states have been able to re-install co-existence in some policy areas, and not in others? In data...
Persistent link: https://www.econbiz.de/10011582891
Regulatory outcomes can vary substantially from one US state to the next. For example, at the end of 2002 regulated prices for access to the local loops of incumbent telephone networks varied from $2.79 per month in downtown Chicago, IL to $7.70 in Manhattan, NY to $12.14 in Houston, TX....
Persistent link: https://www.econbiz.de/10014071701
The fields of regulatory federalism and fiscal federalism have developed largely in isolation from each other. Building … on the new scholarship of federalism in the legal academy, this Article seeks to integrate the insights of the two areas … regulatory federalism. One of the most important elements of fiscal federalism, generally unappreciated in legal scholarship, is …
Persistent link: https://www.econbiz.de/10014107630