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To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...
Persistent link: https://www.econbiz.de/10012430029
To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...
Persistent link: https://www.econbiz.de/10012840381
To explore the propagation of populist extremism across countries, we construct a multi-country model wherein each country's politician sequentially implements a policy. Voters learn the incumbent politician's type and the desirable policy by observing foreign policies on top of the domestic...
Persistent link: https://www.econbiz.de/10012894379
This study investigates how supermajority rules in a legislature affect electoral competition. To this end, we construct a probabilistic voting model and show that supermajority rules magnify the divergence of policy platforms generated by aggregate uncertainty about the electoral outcome. Thus,...
Persistent link: https://www.econbiz.de/10012852682
Support for a larger government has remained stable despite the growing inequality over the last 40 years in the US, which standard economic models of government size fail to predict. In this paper, we highlight the governmental role of public goods provision as a key political determinant of...
Persistent link: https://www.econbiz.de/10013215929
Overconfident people who do not earn what they think they can may attribute this negative gap to the unfairness of the economy and thereby favor reducing income inequality when they realize their income-ability gap. We conducted an online survey experiment in the US in which we assigned the...
Persistent link: https://www.econbiz.de/10013241718
This study uncovers a novel effect of public goods on inequality through public opinions. We hypothesize that people are more likely to support a tax increase after realizing the benefit from public goods, helping to reduce inequality by expanding government size. We conducted an online survey...
Persistent link: https://www.econbiz.de/10013288818
To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...
Persistent link: https://www.econbiz.de/10012195578
Persistent link: https://www.econbiz.de/10013447709
Persistent link: https://www.econbiz.de/10014266610