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Electoral Accountability and Responsive Democracy

Duggan, John - 2015

We consider a canonical two-period model of elections with adverse selection (hidden preferences) and moral hazard …

Persistent link: https://www.econbiz.de/10013022706

Constitutional Reform, Rent Extraction, and Economic Development in China

Congleton, Roger D. - 2011

This paper analyzes the constitutional history of China, with the aim of explaining how and why the policies that produced its rapid growth came to be adopted. The paper argues that constitutional reforms played important roles in China's economic development and are likely to do so in the...

Persistent link: https://www.econbiz.de/10014175221

Political Business Cycles : An Emergent-Dynamic Reformulation

Wagner, Richard E. - 2011

The literature on political business cycles follows two analytical conventions: (1) polity is reasonably reduced to a single agent who is either opportunistic or partisan and (2) economy is an equilibrated entity that is subject to politically inspired shocks. This paper pursues a different...

Persistent link: https://www.econbiz.de/10014177045

Municipal Corporations, Economic Calculation, and Political Pricing : Exploring a Theoretical Antimony

Wagner, Richard E. - 2011

This paper explores a possible path toward dissolving an antinomy within political economy: market order is treated as emergent and spontaneous while political order is treated as planned. This paper pursues a path that seeks to locate the entire social order as emergent and spontaneous. Where a...

Persistent link: https://www.econbiz.de/10014186463

The Efficacy of Political Advertising : A Voter Participation Field Experiment with Multiple Robo Calls and Controls for Selection Effects

Kling, Daniel; Stratmann, Thomas - 2017

We document the effectiveness of robo calls for increasing voter participation despite most published research finding little or no effect of automated calls. We establish this finding in a large field experiment in a targeted, partisan get-out-the-vote campaign. Our experimental design includes...

Persistent link: https://www.econbiz.de/10014126028

Systems-Theoretic Lawmacro : An Antidote to Keynesian Indigestion?

Wagner, Richard E. - 2022

This paper is written for a Liberty Fund conference on 'Liberty in relation to law and macroeconomics'. The paper works with recognition that the models we use are not neutral devices to see more clearly into reality because they also shade that reality in different ways. For instance, a model...

Persistent link: https://www.econbiz.de/10014078253

Razor-Thin Elections

Levine, David; Martinelli, César - 2022

elections. We instead model head-to-head elections as a competition between incentive schemes to turn out voters. We show that … elections are either heavily contested, and decided by thin margins, or safe, meaning that voters in one of the two sides … polling imake contested elections with razor-thin margins more likely …

Persistent link: https://www.econbiz.de/10014081617

Janus without Cores : A Venture into Social Epistemology

Wagner, Richard E. - 2019

Frank Knight famously remarked nearly a century ago that the primary problems that stem from societal living together do not arise because of what we don’t know but rather arise because of what we know that isn’t true. This paper pursues Knight’s theme by incorporating three elements into...

Persistent link: https://www.econbiz.de/10014106770

Fiscal Crisis as Failure of Progressivist Democracy

Wagner, Richard E. - 2015

The American system of political economy surely faces a fiscal crisis illustrated by but not limited to a trend of growing deficits and debt that cannot continue. What can’t continue won’t continue. In what fashion change occurs will be governed by forthcoming interactions between power and...

Persistent link: https://www.econbiz.de/10014136830

Legal Entrepreneurship within a System of Entangled Political Economy

Rajagopalan, Shruti - 2018

Entrepreneurship is the economic source of change in society. While it is ubiquitous, its particular qualities depend on the system of political economy in which it operates. We distinguish between two systems of democratic political economy. One system is the classically liberal system where...

Persistent link: https://www.econbiz.de/10012940126