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A one-dimensional model of spatial political competition with incomplete information is developed.It is assumed that voters care about the distribu-tion of votes among the two candidates. Votershave an incomplete infor-mation about the distribution of voters´ types. We provide conditions...
Persistent link: https://www.econbiz.de/10005731400
We develop a dynamic political model of dividing a fixed amount of money among n districts. There are two political parties that make proposals on such divisions and compete in each district. Each district elects a representative to a legislature. Each party is governed by its representatives...
Persistent link: https://www.econbiz.de/10005731424
Our analysis yields some conclusions about the political role of regions in the formation of supranational economic areas, which turns out to be quite different from the role of nations. The claim that regions have more incentives than nations to attain a fiscal agreement implying full economic...
Persistent link: https://www.econbiz.de/10005731426
We analyze a one-dimensional model of spatial political competition with two parties and uncertainty on the distribution of voters types. We assume that parties are formed by regular members and professional politicians; members care about the policy enacted, while professional politicians, on...
Persistent link: https://www.econbiz.de/10005731429
A spatial model of party competition is studied in which, (i) Parties are supposed to have ideology. By this we mean that their goal is to maximize the welfare of their constituencies. (ii) The policy implemented after the election does not need to coincide with the one proposed by the winner....
Persistent link: https://www.econbiz.de/10008542865
This paper analyses the optimal inspection, tax and penalty functions, in models where the principal knows the distribution of agent types, inspections are perfect and costly, and where the actions and the types of agents are not costlessly observable by the principal. Agents and the principal...
Persistent link: https://www.econbiz.de/10008550441
We develop a model of spatial political competition with ideological parties and uncertainty. The political issue is the income tax rate and the amount of a public good. The ideology of each party is determine endogenously. We show that the tax rate does not coincide with the ideal policy of the...
Persistent link: https://www.econbiz.de/10005212609
In this paper we consider a model in which agents have complete information about their neighbours and, possibly, incomplete information about the rest of the economy. We consider two different informational frameworks. In the first, agents do not have priors about what is going on in the rest...
Persistent link: https://www.econbiz.de/10005212611
We study the existence of cost monotonic selections of the core in economies with several public goods. Under quasilinear utilities there is a cost inonotonic core selection mechanism if and only if the agents order the bundles of public goods equally. If this is indeed the case, any such...
Persistent link: https://www.econbiz.de/10005212576
We study the information contained in surnames on the socioeconomic status of people in Spain. We find that people bearing uncommon surnames tend to enjoy a higher socioeconomic status than people bearing more common surnames. This bias is statistically very significant and robust to different...
Persistent link: https://www.econbiz.de/10005813705