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Standing on the shoulders of giants or science? : lessons from ordoliberalism

Feld, Lars P.; Köhler, Ekkehard A. - 2023

James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...

Persistent link: https://www.econbiz.de/10014251970

The political economy of international organizations

Dreher, Axel; Lang, Valentin - 2016

We review the literature on the political economy of international organizations (IOs). Considering IOs as products of the preferences of various actors rather than monolithic entities we focus on national politicians, international bureaucrats, interest groups, and voters. By looking into the...

Persistent link: https://www.econbiz.de/10011536240

Households, markets and public choice

Gersbach, Hans; Haller, Hans - 2014 - This Version: August 2014

We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...

Persistent link: https://www.econbiz.de/10010399075

Strategic bankruptcies : do smart politicians do it better?

Bordignon, Massimo; Cipullo, Davide; Turati, Gilberto - 2025 - This version: May 2025

We study the reaction of low vs. high-skilled politicians to a reform, approved in Italy in 2011, that introduces stringent individual financial and career sanctions to local administrators who are judged responsible for their municipality’s bankruptcy. To this aim, we leverage exogenous...

Persistent link: https://www.econbiz.de/10015413988

The economics of political borders

Spolaore, Enrico - 2012

This paper presents concepts from economic analysis that shed light on the formation and breakup of sovereign states. First, we discuss the key trade-off between economies of scale in the provision of public goods and political costs from heterogeneity of preferences. Second, we present four...

Persistent link: https://www.econbiz.de/10009570592

Political support, cognitive dissonance and political preferences

Artiga González, Tanja; Capozza, Francesco; Granic, … - 2022

conceptualize our arguments in a theoretical model of policy preference changes rooted in cognitive dissonance theory. A pre …-registered, online experiment with 1,200 U.S. participants confirms our main hypotheses. As predicted by cognitive dissonance theory …

Persistent link: https://www.econbiz.de/10012806659

Income contingency and the electorate's support for tuition

Lergetporer, Philipp; Woessmann, Ludger - 2022

We show that the electorate's preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...

Persistent link: https://www.econbiz.de/10012798216

Immigrants as future voters

Hillman, Arye L.; Long, Ngo Van - 2021

Immigration policies in western democracies have often been contrary to the policies predicted by the mainstream theory … of international economics. In particular, political parties that, according to economic theory, should adopt policies …. We identify a political principal-agent problem based on ego-rents from political office. Our theory predicts voter …

Persistent link: https://www.econbiz.de/10012603038

Public debt and the political economy of reforms

Boyer, Pierre C.; Esslinger, Christoph; Roberson, Brian - 2021

We develop a two-period model of redistributive politics in which two politicians compete in an election in each period. In the first period, the politicians propose both whether to experiment with an efficient reform with uncertain benefits and choose the amount of public debt. Politicians also...

Persistent link: https://www.econbiz.de/10012491550

Collective choice with heterogeneous time preferences

Pakhnin, Mikhail - 2021

This paper reviews recent research on the aggregation of heterogeneous time preferences. Main results are illustrated in simple Ramsey models with two or three agents who differ in their discount factors. We employ an intertemporal view on these models and argue that preferences of a decision...

Persistent link: https://www.econbiz.de/10012546897