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Social Status Concerns and the Political Economy of Publicly Provided Private Goods

Friedrichsen, Jana - 2019

We analyze the political economy of the public provision of private goods when individuals care about their social status. Status concerns motivate richer individuals to vote for the public provision of goods they themselves buy in markets: a higher provision level attracts more individuals to...

Persistent link: https://www.econbiz.de/10012860425

Vulnerability of Voting Paradoxes As a Criteria For Voting Procedure Selection

Gladyshev, Maksim - 2019

Correct aggregation of individual preferences into collective one is central problem of nowadays Social Choice theory … properties tend to be main criteria of voting procedure selection. But last decades it turned out that another threat for theory …

Persistent link: https://www.econbiz.de/10012860943

Implementing Apportionment

Chao, Bernard - 2019

On August 15, 2019, Time Warner filed a petition with the United States Supreme Court seeking to vacate a $139.8 million damages verdict. That amount represents approximately 5% of Time Warner's monthly subscriber revenue ($1.37 per subscriber per month). Time Warner argues that this award is...

Persistent link: https://www.econbiz.de/10012861321

Politics as a Peculiar Business : Additive vs. Entangled Political Economy

Wagner, Richard E. - 2014

This is a preliminary draft of the third of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter contrasts two approaches to working with the compound noun “political economy.” The standard,...

Persistent link: https://www.econbiz.de/10013048028

Natural Implementation with Partially Honest Agents in Economic Environments with Free-Disposal

Lombardi, Michele - 2014

We study Nash implementation by natural price-quantity mechanisms in pure exchange economies with free-disposal (Saijo et al., 1996, 1999) when agents have weak/strong intrinsic preferences for honesty (Dutta and Sen, 2012). First, the Walrasian rule is shown to be non-implementable when all...

Persistent link: https://www.econbiz.de/10013048472

A Theory of Political Entrepreneurship

McCaffrey, Matthew - 2014

This paper adapts the entrepreneurial theory developed by Richard Cantillon, Frank Knight, and Ludwig von Mises to the … theory of "political entrepreneurship." Political entrepreneurship is an outgrowth of the theory of the market entrepreneur …, and derives from extending entrepreneurial theory from the market into the political sphere of action. By applying the …

Persistent link: https://www.econbiz.de/10013048481

The Union Effect in Context : Group Identity, Electoral Systems, and Preferences for Redistribution

Kwon, Hyeok Yong - 2014

This paper shows that union members are consistently more supportive of redistribution than other citizens. This is partly because union members are drawn predominantly from socio-economic strata characterized by relatively low incomes and relatively high exposure to labor-market risks, but it...

Persistent link: https://www.econbiz.de/10013048613

Politically Sustainable Probabilistic Minority Targeting

De Donder, Philippe - 2014

We show that a transfer targeting a minority of the population is sustained by majority voting, however small the minority targeted, when the probability to receive the transfer is decreasing and concave in income. We apply our framework to the French social housing program and obtain that...

Persistent link: https://www.econbiz.de/10013048895

The Autocratic Welfare State Resource Distribution, Credible Commitments and Political Survival

Knutsen, Carl Henrik - 2014

We investigate the adoption and characteristics of social welfare policies in autocracies. If one considers social policies merely as a tool for progressive redistribution to those in need, one might not expect autocratic regimes to spend resources on them. Empirically, however, several...

Persistent link: https://www.econbiz.de/10013048910

Path Dependence, Political Competition, and Renewable Energy Policy : A Dynamic Model

Dumas, Marion - 2014

Climate change mitigation requires sustainable energy transitions, but the political dynamics of these transitions are poorly understood. This article presents a general dynamic model of energy policy with long time horizons, endogenous electoral competition, and techno-political path...

Persistent link: https://www.econbiz.de/10013048936