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We develop a model in which special interest groups make political contributions in order to influence an incumbent government's choice of trade policy. In the political equilibrium, the interest groups bid for protection, and each group's offer is optimal given the offers of the others. The...
Persistent link: https://www.econbiz.de/10005788880
public good spillovers or economies of scale, so that absent elections, voters are indifferent about the fiscal regime. The …
Persistent link: https://www.econbiz.de/10005504327
We review the efficacy of three approaches to forecasting elections: econometric models that project outcomes on the …
Persistent link: https://www.econbiz.de/10005498073
In this paper we examine the impact of tax contracts, a novel instrument, on elections, policies, and welfare. We …
Persistent link: https://www.econbiz.de/10011083822
Why are U.S. congressmen reluctant to support gun control regulations, despite the fact that most Americans are in favor of them? We argue that re-election motives can lead politicians to take a pro-gun stance against the interests of an apathetic majority of the electorate, but in line with the...
Persistent link: https://www.econbiz.de/10011084055
copious corruption not only decreases incumbent support in local elections in Mexico, but also decreases voter turnout …
Persistent link: https://www.econbiz.de/10011084114
In elections that take place in a less-than-perfect democracy, incumbency advantages are different from those in mature … model of elections and mass protests, where the purpose of competitive elections is to reveal information about the relative … elections, mediocre ones prevent credible opponents from running or cancel elections, and the least competent ones use outright …
Persistent link: https://www.econbiz.de/10011084133
This paper studies fiscal federalism when regions differ in voters’ ability to monitor public officials. We develop a model of political agency in which rent-seeking politicians provide public goods to win support from heterogeneously informed voters. In equilibrium, voter information...
Persistent link: https://www.econbiz.de/10011084457
We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under-invest in education, whose returns...
Persistent link: https://www.econbiz.de/10011084642
contracts, and democratic elections. An information market is used to predict the long-term performance of a policy, while …
Persistent link: https://www.econbiz.de/10005067506