behavioral experiment, we elicit German legislators’ social welfare criteria unconfounded by political economy constraints. When … resolving preference conflicts across individuals, politicians place substantially more importance on least-favored than on most …” which insists that choices merit intervention only if the lure of immediacy may bias intertemporal choice. Politicians’ and …

-checking company. Our results show that politicians are responsive to negative fact-checking. Specifically, we observe a significative … reduction in the number of incorrect statements made by politicians after being treated. This effect persists for at least two … months. We also observe a reduction in the probability of politicians making verifiable statements, suggesting that fact …

. In the first period, the politicians propose both whether to experiment with an efficient reform with uncertain benefits … that allowing politicians to raise debt ensures that the reform is always implemented when the reform’s ratio of private …We develop a two-period model of redistributive politics in which two politicians compete in an election in each period …

Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be … required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory … transfers can support a Pareto-improving reform. This paper provides sufficient conditions for this to occur, despite tax …

across jurisdictions. In parallel surveys with German citizens and state parliamentarians, we document that both groups … educational performance information may incentivize politicians to implement welfare-enhancing reforms …

theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic … test the theory with original and matched parent and affiliate data on the level of decentralization of 660 Austrian and … German multinational firms and 2200 of their affiliate firms in Eastern Europe. We find that three factors stand out in …

This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 …