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development for the future of democracy …
Persistent link: https://www.econbiz.de/10014345886
Democracy requires rules that are designed to prevent the abuse of power and money. Blockchain technology is sometimes …
Persistent link: https://www.econbiz.de/10012862971
We explore democratic currency issuance with flexible majority rules. With flexible majority rules, the vote-share needed to approve a particular currency issuance growth is increasing with this growth rate. By choosing suitable flexible majority rules, socially optimal growth rates can be...
Persistent link: https://www.econbiz.de/10012848875
This paper analyses the impact of the fear of losing social status (la peur du déclassement) on the levels of democratisation and economic growth. In a formal model where education makes an individual's vote count and generates positive externalities for all agents in the economy, I examine the...
Persistent link: https://www.econbiz.de/10012915858
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that … explanation of the positive relationship between economic development, education, and democratization, and of the negative … relationship between inequality and democratization. Furthermore, we obtain new insights on the resources-curse hypothesis and on …
Persistent link: https://www.econbiz.de/10012963389
We develop a theory of democratization that integrates both electoral calculations and economic incentives to explain … the democratization of Britain in this period. …
Persistent link: https://www.econbiz.de/10012818399
policy choice in a representative democracy when voters do not fully anticipate a politician's strategic behavior to … partially. Limited sophistication crucially determines how welfare under representative democracy compares to welfare under … alternative political institutions such as direct democracy or governance by experts. We find that, under limited strategic …
Persistent link: https://www.econbiz.de/10014174771
policy choice in a representative democracy when voters do not fully anticipate a politician's strategic behavior to … panders only partially. Limited sophistication crucially determines how welfare under representative democracy compares to … welfare under alternative political institutions such as direct democracy or governance by independent agents. We find that …
Persistent link: https://www.econbiz.de/10014212865
Attention of the public is scarce and channeled by the mass media. This creates opportunities for informational rent-seeking. Governments are in a favorable position for grasping media rents as they can regulate the media. However, the extent of regulation and, thus, the agenda-setting power are...
Persistent link: https://www.econbiz.de/10014073707
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …
Persistent link: https://www.econbiz.de/10014076385