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This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare...
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A major role of (repeated) elections is to create incentives for politicians to act in the interests of voters. This … paper considers the disciplining role of elections in countries with either one or two levels of government. Simple …
Persistent link: https://www.econbiz.de/10005391091
This Paper contributes ideas and analysis to the ongoing EU reform debate. It consists of three distinct parts: voting in the Council of Ministers, restructuring the ECB's Governing Council, and the setting of enlargement “examination” dates. The IGC currently focuses on Council voting,...
Persistent link: https://www.econbiz.de/10005504315
Motivated by insufficient fiscal discipline in democracy, we introduce and examine “Catenarian Discipline Rules”. An …
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In this paper I analyse how I became an economist and at the same time a democratic socialist and a Christian. I also explain how I became politically involved after my graduate studies at Cambridge in the late 1950s and started lecturing at Adelaide. When back in Cambridge in the 1960s,...
Persistent link: https://www.econbiz.de/10011133370
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions from the economic effects of party control of government to...
Persistent link: https://www.econbiz.de/10009003379
Elite economics PhD programs aim to train graduate students for a lifetime of academic research. This paper asks how advising affects graduate students' post-PhD research productivity. Advising is highly concentrated: at the eight highly-selective schools in our study, a minority of advisors do...
Persistent link: https://www.econbiz.de/10015171684