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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/10008642476
The number of states with election-day registration (EDR) of voters doubled in the early 1990s, providing a new opportunity to estimate the turnout impact of EDR. Because of some important and neglected features of the "first wave" of EDR states, adopting EDR in the early 1970s, there is good...
Persistent link: https://www.econbiz.de/10008642671
In the proto-coalition model of government formation, formateur F appoints a proto-coalition and asks its members whether to start negotiating a coalition contract. If all accept, then the proto-coalition forms and starts negotiating; otherwise a caretaker government assumes office. I extend...
Persistent link: https://www.econbiz.de/10008642697
The first presidential election following implementation of the National Voter Registration Act of 1993 was also the first in the lifetimes of most Americans in which a minority of the voting-age population bothered to vote. While that outcome must be a source of embarrassment to many reform...
Persistent link: https://www.econbiz.de/10008642707
Working with Sen social welfare functions (meaning explicit separability between mean income and income dispersion), we develop a generalized dual approach to tracking household inequality aspects of social welfare in general equilibrium. We highlight how household equity can be examined...
Persistent link: https://www.econbiz.de/10008642890
We examine the impact of four factors on the fiscal policies of the euro-area countries over the last two decades: the state of public finances, the European fiscal rules, cyclical conditions and general elections. We rely on information actually available to policy-makers at the time of...
Persistent link: https://www.econbiz.de/10005113602
Whether discretionary fiscal policies in industrialized countries act counter- or pro-cyclically and whether their reaction is symmetric or asymmetric over the cycle are still largely unsettled questions. This uncertainty remains even when attention is restricted to euro-area countries, where...
Persistent link: https://www.econbiz.de/10005113617
We study the joint determination of corruption and economic growth. Our model can generate multiple equilibria when complementarity between corruption and growth is sufficiently strong. Our estimates of the impact of corruption on growth take into account that corruption is endogenous and that...
Persistent link: https://www.econbiz.de/10005113755
We study incumbency advantage in a dynamic game with incomplete information between an incumbent and a voter. The incumbent knows the true state of the world, e.g., the severity of an economic recession or the level of criminal activities, and can choose the quality of his policy. This quality...
Persistent link: https://www.econbiz.de/10005113773
We consider a political career concern model where politicians differ in their information on the states of the world in different periods and the outcome of a policy in different periods depends on the same state of the world. We show that a politician may continue to implement the past policy...
Persistent link: https://www.econbiz.de/10005113999