Showing 1 - 10 of 1,991
This paper examines fiscal policy without commitment and the effects of conditional bailout loans. The government … public debt never decreases in the long-run when bailout loans are available …
Persistent link: https://www.econbiz.de/10013071428
We study how the political cost of enforcing a lockdown in response to the COVID- 19 outbreak relates to citizens' propensity for altruistic punishment in Italy, the early epicenter of the pandemic. Approval for the government's management of the crisis decreases with the amount of the penalties...
Persistent link: https://www.econbiz.de/10013250778
We consider a framework where the optimal decision rule determining the collective choice depends in a simple way on the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an inefficient way to make collective choices and this paper sheds...
Persistent link: https://www.econbiz.de/10013039595
This paper studies the impact of immigration on public policy setting. As a natural experiment, we exploit the sudden arrival of eight million forced migrants in West Germany after World War II. These migrants were on average poorer than the West German population, but unlike most international...
Persistent link: https://www.econbiz.de/10012912247
Asymmetric information between voters and legislative representatives poses a major challenge to the functioning of representative democracy. We examine whether representatives are more likely to serve long-term campaign donors instead of constituents during times of low media attention to...
Persistent link: https://www.econbiz.de/10012906525
Despite the centrality of voting costs to the paradox of voting, little effort has been made to accurately measure these costs outside of a few spatially limited case studies. In this paper, we apply Geographic Information Systems (GIS) tools to validated national election survey data from New...
Persistent link: https://www.econbiz.de/10013122114
Rational voters update their subjective beliefs about candidates' attributes with the arrival of information, and subsequently base their votes on these beliefs. Information accrual is, however, endogenous to voters' types and difficult to identify in observational studies. In a large scale...
Persistent link: https://www.econbiz.de/10013083096
We present and test a theory of prospective and retrospective pocketbook voting. Focusing on two large reforms in …
Persistent link: https://www.econbiz.de/10013324907
This paper analyzes how to allocate experts into committees that use the unanimity rule to make decisions. We show that an optimal allocation of experts is extremely asymmetric. To reach the optimal allocation, therefore, one needs only to rank the experts in terms of their abilities and then...
Persistent link: https://www.econbiz.de/10012993948
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority is reached. We study experimentally welfare properties of simple three-voter conclaves with privately known preferences over two outcomes and waiting costs. The resulting game...
Persistent link: https://www.econbiz.de/10013015019