Showing 1 - 10 of 82
with a range of political economy outcomes -- civil conflict, redistribution, economic growth and the provision of public …, originating thousands of years ago, lead to measures of diversity that are better predictors of civil conflict and redistribution …
Persistent link: https://www.econbiz.de/10008566319
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
Although they would yield social benefits, some political projects may not be implemented in democracies. Prominent examples are the reform of European labour markets, the reduction of government debt or the reduction of greenhouse gases. We suggest introducing political contracts to make...
Persistent link: https://www.econbiz.de/10005656254
The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of votes to spend as desired over a series of binary decisions. By cumulating votes on issues that it deems most...
Persistent link: https://www.econbiz.de/10005656276
Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is storable votes:...
Persistent link: https://www.econbiz.de/10005662342
We describe a model of fundraising in social groups, where private information about quality of provision is transmitted by social proximity. Individuals engage in voluntary provision of a pure collective good that is consumed by both neighbors and non-neighbors. We show that, unlike in the case...
Persistent link: https://www.econbiz.de/10009320406
civil war and conflict, a force intensified by the brutal conflict of the War of a Thousand days between 1899 and 1902. The … the parties in the population, thus encouraging conflict. The strategic advantage of PR was that it avoided such under … origins of electoral systems and the nature of political conflict and its resolution. …
Persistent link: https://www.econbiz.de/10005114374
Local merchant guilds were ubiquitous in medieval Europe, and their development was inextricably linked with the development of towns and the rise of the merchant class. We develop a theory of the emergence of local merchant guilds as an efficient mechanism to implement collusion among merchants...
Persistent link: https://www.econbiz.de/10004976786
The sovereign debt problems in European countries have increased the interest in fiscal watchdogs. This paper discusses the world’s oldest fiscal watchdog, CPB Netherlands Bureau for Economic Policy Analysis (CPB). CPB was founded directly after World War II. It has built a reputation of...
Persistent link: https://www.econbiz.de/10011083741
democratic republic. This pattern in the data is consistent with a simple model where individuals’ voting in political elections …
Persistent link: https://www.econbiz.de/10011084163