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We model the concept of embedded autonomy, introduced by Peter Evens, as an interaction between bureaucrats and entrepreneurs, where bureaucrats must approve projects proposed by entrepreneurs. Entrepreneurs are better informed about their own projects than are bureaucrats, but bureaucrats can...
Persistent link: https://www.econbiz.de/10013215066
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical "Tullock Challenges". The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10009739166
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical "Tullock Challenges". The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10009127573
This paper utilizes six-year Senate terms and two-year reporting periods to analyze if Political Action Committees are using their donations to influence the actions of sitting Senators as opposed to simply trying to get those with favorable policy views re-elected. Senators that are early in...
Persistent link: https://www.econbiz.de/10012863070
Portugal holds the dubious distinction of being among the so-called PIGS countries, the sub-set of Euro zone nations bedeviled by large public sector debt and deficits. In this paper, we try to explain why Portugal has fallen into its current predicament using concepts from the Austrian...
Persistent link: https://www.econbiz.de/10014184870
Persistent link: https://www.econbiz.de/10014195995
Despite much theoretical discussion the enforceability of constitutional constraints, the question has received little empirical attention. After discussing the theoretical arguments for and against the proposition that constitutions are capable of protecting individual liberty against...
Persistent link: https://www.econbiz.de/10014200488
How much does money drive legislative outcomes in the United States? In this article, we use aggregated campaign finance data as well as a Transformer based text embedding model to predict roll call votes for legislation in the US Congress with more than 90% accuracy. In a series of model...
Persistent link: https://www.econbiz.de/10013296993
Understanding behavioral aspects of collective decision-making is an important challenge for eco-nomics, and narratives are a crucial group-based mechanism that influences human decision-making. This paper introduces the Character-Role Narrative Framework as a tool to systematically analyze...
Persistent link: https://www.econbiz.de/10014280165
Understanding behavioral aspects of collective decision-making is an important challenge for eco-nomics, and narratives are a crucial group-based mechanism that influences human decision-making. This paper introduces the Character-Role Narrative Framework as a tool to systematically analyze...
Persistent link: https://www.econbiz.de/10014356482