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Imperfect information and the Meltzer-Richard hypothesis
Bredemeier, Christian - 2010
Despite a strong theoretical prediction that income skewness and redistribution should be positively linked, empirical evidence on this issue is mixed. This paper argues that it is important to distinguish between sources of changes in income skewness. Two sources of such changes are discussed:...
Persistent link: https://www.econbiz.de/10008933747
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Confronting the Endogeneity of Economy, Policy, and Politics : Inequality & Unemployment, Redistribution & Social Insurance, and Political Participation
Franzese, Robert J.; Hays, Jude C. - 2014
social policy may itself affect simultaneously the efficiency of the labor market and the political participation of the less … (redistribution/social-insurance), and political participation. This paper represents an attempt to elaborate the nature of these … endogenous relationships, to suggest plausible identification conditions derived from relevant theory and substance, and to offer …
Persistent link: https://www.econbiz.de/10014219906
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Financial Inequality, Group Entitlements and Populism
Favaretto, Federico - 2019
This paper shows how financial inequality and misbeliefs about group entitlements can increase the consensus for populist parties. Given a banking shock, traditional and populist parties propose alternative bailout policies, where short termism characterizes the populistic policy. The citizens...
Persistent link: https://www.econbiz.de/10012897550
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The role of the judiciary in the public decision making process
Albanese, Giuseppe; Sorge, Marco M. - 2010
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
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The citizen-candidate model with imperfect policy control
Aytimur, R. Emre; Boukouras, Aristotelis; Schwager, Robert - 2012
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
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Why does centralisation fail to internalise policy externalities?
Dur, Robert A. J.; Roelfsema, Hein J. - 2003 - Rev.
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
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Repeated lobbying by commercial lobbyists and special interests
Groll, Thomas; Ellis, Christopher J. - 2016
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
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Political drivers of and barriers to Public-Private Partnerships : the role of political involvement
Gawel, Erik - 2011
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
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Agency Problems and Political Institutions
Mitnick, Barry M. - 2013
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
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Political Realism and Models of the State Antonio De Viti De Marco and the Origins of Public Choice
Giuranno, Michele G - 2016
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