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Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of...
Persistent link: https://www.econbiz.de/10012454996
Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of...
Persistent link: https://www.econbiz.de/10012949429
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International legalization promises to civilize world politics with global legal norms that bind states' behavior effectively. However, international legal norm can also institutionalize unjust forms of cooperation and the dominance of powerful states. In order to challenge unjust global rules...
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