A researcher allocates a budget of informative tests across multiple unknown attributes to influence a decision-maker. We derive the researcher's equilibrium learning strategy by solving an auxiliary single-player problem. The attribute weights in this problem depend on how much the researcher...

We consider a committee facing binary decisions on a number of proposals. If members vote sincerely and payoffs are symmetric in expectation, it can be shown that the simple majority rule is the best q-majority rule in an aggregate or expected payoff sense. We argue that this conclusion changes...

Ein Finanzparlament oder vergleichbares Gremium anderen Namens würde finanzielle Entscheidungen treffen oder zumindest kontrollieren für seine jeweilige Organisation, sei diese ein Staat, eine internationale Vereinigung oder ein Verein. Stimmrechte für ein Finanzparlament würden nicht nach...

As billionaires dance in the halls of the second Trump administration, it’s haunting how well Plutarch’s two-thousand-year-old words describe the state of American politics. It’s a barren landscape of plutocratic insatiability. *** How did it get this way? *** One way to tell the story is...

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...

The left-right scale of political orientation plays a pivotal role in shaping individual behaviour and government policies, particularly in Western countries. Rational-choice theory suggests that individuals with lower (higher) incomes lean towards left-wing (right-wing) redistributive policies....

These writings examine Claudio Napoleoni's reflection on the problems of Marxist theory of value. While the first one focuses on the notion of economic exploitation, the second dwells on the concept of alienation. Both discuss how these explorations seek to delineate a horizon of human...

These writings examine Claudio Napoleoni's reflection on the problems of Marxist theory of value. While the first one focuses on the notion of economic exploitation, the second dwells on the concept of alienation. Both discuss how these explorations seek to delineate a horizon of human...

This paper begins with a survey of the literature on the political economy approaches to labor income taxation. We focus on recent progress made by examining in detail the specific properties of non-linear taxes derived in the context of voting. Next, we present new results on the existence of...

How does the quality of information received by voters affect political polarisation? We address this long-standing question using an election competition model in which voters have to infer an unknown state from some noisy and biased signals. Their policy preferences are shaped by the posterior...