Showing 95,901 - 95,910 of 96,765
This empirical study seeks to broaden the interpretation of the “rational voter model” so as to include the potential effects of “direct democracy” on the voter participation rate. Direct democracy is assumed to take two forms: initiatives and referendums. This study tests the hypothesis...
Persistent link: https://www.econbiz.de/10011112437
This paper provides a rationale for intra-party democracy within a political agency model with moral hazard. The focus is on the party's internal procedures for policy determination. I show that democratizing those procedures benefits the party leadership, which seeks to maximize joint...
Persistent link: https://www.econbiz.de/10011112479
We investigate the possible interaction effects that the extent of property rights protection and separation of powers in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970-2010 we find that the growth effects of property rights...
Persistent link: https://www.econbiz.de/10011112508
This study provides a simple interpretation and extension of the Rational Voter Model (RVM), one which enables students in Public Choice classes to easily understand its application in a real-world context. In doing so, the presentation identifies key aggregate-level economic and non-economic...
Persistent link: https://www.econbiz.de/10011112825
This study empirically extends the Tiebout hypothesis of "voting with one's feet" in two ways. First, it provides updated estimates using net migration data for the period 2000-2008. Second, in addition to investigating variables reflecting public education outlays, property taxation and income...
Persistent link: https://www.econbiz.de/10011112882
The apathy for electoral and political participation in Latin America shows an increasing trend that deserves the scholar community's attention. In this sense, this paper models the voter registration decision in a mandatory voting system that includes the margin of victory as a potential...
Persistent link: https://www.econbiz.de/10011112917
Scholars have long deplored voters' lack of interest in politics and argue greater political engagement would improve the performance of democracy. We consider a model of elections where successful communication of political messages during campaigns requires efforts by politicians and a...
Persistent link: https://www.econbiz.de/10011113007
This paper proposes a theoretical model for the decision of voter registration, which recovers the classical notion that democracy is a public good. The solution of the citizen's problem implies three types of Nash equilibrium (null, partial, and full enrollment), where the real cost for voter...
Persistent link: https://www.econbiz.de/10011113010
Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending costly efforts. Allowing intra-group communication leads...
Persistent link: https://www.econbiz.de/10011113027
This study reports an experiment that examines whether groups can better comply with theoretical predictions than individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to theoretical predictions, incurring substantial losses....
Persistent link: https://www.econbiz.de/10011113095