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Many, but not all, US state governments have adopted preference policies that give an advantage to in-state businesses (vendors) that submit bid proposals for state projects. Most preference policies are specified in a specific percentage advantage, which means that an in-state vendor will be...
Persistent link: https://www.econbiz.de/10012917365
We examine the US state-level pattern of American Recovery and Reinvestment Act (ARRA) spending. We relate spending to (1) Keynesian determinants of countercyclical policy, (2) congressional power and dominance, and (3) presidential electoral vote importance. We find that the ARRA is, in...
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A large literature on the ‘flypaper effect’ examines how federal grants to states at time period t affect state spending (or taxes) at time period t. We explore the fundamentally different question of how federal grants at time period t affect state tax policy in the future. Federal grants...
Persistent link: https://www.econbiz.de/10010863815
It is well established that geographic areas benefit, in terms of the share of government spending they capture, from having a legislator with longer tenure, holding constant the tenure of other legislators. However, the implications of this literature for how the total production of legislation...
Persistent link: https://www.econbiz.de/10010864433
In this article, we examine how the level of regulation affects the size distribution of businesses. To the extent that regulation functions as a fixed cost, it should lead to larger firm size. However, regulations may also lead to smaller establishments with firms outsourcing regulated...
Persistent link: https://www.econbiz.de/10010865519
In his book, Europe: A Constitution for the Millennium, Frank Vibert explores every major issue that will arise in the design of a constitution for a European political union. Can the theoretical constructs of constitutional economics be used to aid in the practical design of a European...
Persistent link: https://www.econbiz.de/10010866599
This paper uses the principles of constitutional economics to analyze the evolution of two international constitutions, the League of Nations Covenant and the United Nations Charter. A graphical model is used to illustrate the formation and success of the international organizations created by...
Persistent link: https://www.econbiz.de/10010866684