Showing 1 - 10 of 107
This paper analyzes optimal re-election bars when incumbents gain socially valuable experience in office. We develop a two-period model in which the output of a public good depends on an office-holder's effort, ability and experience. When campaigning for election to an open seat in the first...
Persistent link: https://www.econbiz.de/10011083310
simple model we show that the power of elections as a selection and incentive device can be improved by requiring higher vote …
Persistent link: https://www.econbiz.de/10005025512
In this paper we introduce vote-share contracts. Such contracts contain a vote-share threshold that incumbents must reach in order to be reelected. In a simple model, we illustrate the working of vote-share contracts. Such vote-share contracts curb socially detrimental incumbency advantages by...
Persistent link: https://www.econbiz.de/10005791280
Politicians tend to push the amount of public debt beyond socially desirable levels in order to increase their reelection chances. We develop a model that provides a new explanation for this behavior: office holders undertake debt-financed public projects, but postpone the timing of part of the...
Persistent link: https://www.econbiz.de/10008642889
The absence of the deselection threat in incumbents' last term in office can be negative or positive for society. Some politicians may reduce their efforts, while others may pursue beneficial long-term policies that may be unpopular in the short term. We propose a novel pension system that...
Persistent link: https://www.econbiz.de/10011084305
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
’t around the 1998 and 2002 elections. This suggests contributions help shape policy on a firm-specific basis. Using a firm …
Persistent link: https://www.econbiz.de/10005666705
indicates that majoritarian---as opposed to proportional---elections increase competition between parties by focusing it into … elections are associated with less public goods. …
Persistent link: https://www.econbiz.de/10005662287
The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to provide adequate welfare state services. The paper outlines a simple coherent strategy for formulating government welfare state policy by identifying the relevant market...
Persistent link: https://www.econbiz.de/10005788942
Does redistribution in democracies cater to the will of the majority? We propose and apply a simple empirical strategy based on survey data to address that longstanding issue. Differently from previous evaluations of the median-voter theory, ours does not assume that voters are guided by...
Persistent link: https://www.econbiz.de/10011084276