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This paper examines some neglected implications of altruism in deterministic voting models in settings where voters differ in their altruistic propensities. Of particular interest is the extent to which relatively small groups of altruistic voters can affect electoral outcomes by simply casting...
Persistent link: https://www.econbiz.de/10012721038
In this paper we investigate the role of judicial control of lobbying activities in an endogenous policy framework, focusing on two dimensions of quality of the judiciary, namely efficiency and integrity. We present a multi-layer lobbying model where a self-interested group is allowed to inuence...
Persistent link: https://www.econbiz.de/10003971532
We examine the two-candidate equilibria of the citizen-candidate model when the implemented policy arises from a compromise between the government and an unelected external power. We show that the equilibria of this model differ significantly from the original: the distance between the...
Persistent link: https://www.econbiz.de/10009571743
We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains, whereas too low spending persists in others.We study a model in which delegates from jurisdictions bargain over local public goods provision.If all of the costs of public...
Persistent link: https://www.econbiz.de/10011326940
Using a model of repeated agency, we explain previously unexplained features of the real-world lobbying industry. Lobbying is divided between direct representation by special interests to policymakers, and indirect representation where special interests employ professional intermediaries called...
Persistent link: https://www.econbiz.de/10011444131
their performance? Using public choice and institutional economics theory this paper analyses what chances of success PPPs … ; Contract Theory ; Agency ; Tax State ; Transaction Cost ; Governance ; Legitimacy ; Transport Infrastructure ; User Financing …
Persistent link: https://www.econbiz.de/10009298105
develop both theory and prescription in agency settings. Particular problems are displayed almost like games (e.g., the "Major …
Persistent link: https://www.econbiz.de/10013074677
analysis to the political sphere. In this context the initiator of the pure theory of public finance, Antonio de Viti de Marco … state, and the democratic state. In this work, we ask how this model may be reconciled to G. Mosca and Pareto's theory of …
Persistent link: https://www.econbiz.de/10013001588
This paper proposes that reforms by vote-seeking governments and the existence of reform-adverse voters are logically compatible. This results from a commitment problem on the part of voters. Due to economic voting voters cannot credibly commit to reelect a non-reforming government during a...
Persistent link: https://www.econbiz.de/10013153378
In this paper, I discuss recent developments in political economy. By focusing on the microeconomic side of the discipline, I present an overview of current research on four of the fundamental institutions of a political economy: voters, politicians, parties and governments. For each of these...
Persistent link: https://www.econbiz.de/10012735832