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Baldwin, Richard; Berglöf, Erik; Giavazzi, Francesco; … - C.E.P.R. Discussion Papers - 2000

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

How Prediction Markets Can Save Event Studies

Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - C.E.P.R. Discussion Papers - 2011

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

Winners and Losers Under Various Dual Majority Rules for the EU Council of Ministers

Baldwin, Richard; Widgrén, Mika - C.E.P.R. Discussion Papers - 2004

This Paper studies some of the many options facing EU leaders when choosing a viable voting system for the EU25+. It provides quantitative estimates of the efficiency and power distributions of the various EU voting schemes that are being considered. It also provides intuition on how various...

Persistent link: https://www.econbiz.de/10005788902

A Democratic Model of the `Rent-Sought' Benefit Cycle

Beenstock, Michael - C.E.P.R. Discussion Papers - 1989

Lobby groups press for various administrative concessions which are granted at the expense of the rest of society. This paper tries to explain why sometimes the rest of society does not prevent the lobbies from exploiting them while at other times it protests against the injustice. It also...

Persistent link: https://www.econbiz.de/10005656374

The Effects of Democratization on Public Goods and Redistribution: Evidence from China

Martinez-Bravo, Monica; Padro, Gerard; Qian, Nancy; … - C.E.P.R. Discussion Papers - 2012

This study investigates the effects of introducing elections on public goods and redistribution in rural China. We … timing of the introduction of elections for causal identification. We find that elections significantly increase public goods … also find that elections cause significant income redistribution within villages. The results support the basic assumptions …

Persistent link: https://www.econbiz.de/10011083270

Elections, Contracts and Markets

Gersbach, Hans; Müller, Markus - C.E.P.R. Discussion Papers - 2006

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

Re-election Threshold Contracts in Politics

Gersbach, Hans; Liessem, Verena - C.E.P.R. Discussion Papers - 2005

contracts during their campaign. These threshold contracts do not violate the liberal principle of free and anonymous elections …

Persistent link: https://www.econbiz.de/10005656153

Designing Democracies for Sustainability

Gersbach, Hans; Kleinschmidt, Tobias - C.E.P.R. Discussion Papers - 2004

sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can …

Persistent link: https://www.econbiz.de/10005662383

Economic Reform, Democracy and Growth during Post-Communist Transition

Fidrmuc, Jan - C.E.P.R. Discussion Papers - 2001

also when controlling for possible endogeneity of liberalization in growth. (2) Democracy encourages liberalization … - countries which introduced greater democracy subsequently progress further in economic liberalization too. (3) Because of its … reinforcing effect on liberalization, democracy has a positive overall impact on growth. Nevertheless, the marginal effect of …

Persistent link: https://www.econbiz.de/10005114240

Machiavellian Underpricing

Biais, Bruno; Perotti, Enrico C - C.E.P.R. Discussion Papers - 1998

We analyse politically motivated privatization design in a bipartisan environment where politicians lack commitment power. Suppose the median class voters a priori favour redistributive policies. If the privatization programme succeeds in allocating enough shares to these citizens, they become...

Persistent link: https://www.econbiz.de/10005661730