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On the limits of communication in multidimensional cheap talk

Levy, Gilat; Razin, Ronny - London School of Economics (LSE) - 2004

Persistent link: https://www.econbiz.de/10010745236

Robin Hood’s compromise : the economics of moderate land reforms

Bandiera, Oriana; Levy, Gilat - London School of Economics (LSE) - 2004

This paper analyses the consequences of an unusual type of land redistribution; we take land from the very rich, as usual, but give it to the rich instead of the poor. We show that such “moderate” reform reduces agency costs and thereby increases productivity, total surplus in the economy,...

Persistent link: https://www.econbiz.de/10011071121

A model of political parties

Levy, Gilat - London School of Economics (LSE) - 2004

This paper presents a new model of political parties. I assume that the role of parties is to increase the commitment ability of politicians vis-à-vis the voters. Whereas a politician running alone can only offer his ideal policy, the set of policies that a party can commit to is the Pareto set...

Persistent link: https://www.econbiz.de/10011071543

It takes two : an explanation of the democratic peace

Levy, Gilat; Razin, Ronny - London School of Economics (LSE) - 2004

In this paper, we provide an explanation of the democratic peace hypothesis, i.e., the observation that democracies rarely fight one another. We show that in the presence of information asymmetries and strategic complements, the strategic interaction between two democracies differs from any...

Persistent link: https://www.econbiz.de/10010928702

Public education for the minority, private education for the majority

Levy, Gilat - London School of Economics (LSE) - 2004

Public provision of private goods such as education is usually viewed as a form of redistribution in kind. However … public provision of education. The political process that I analyse involves endogenous parties. Parties have a unique role … of different groups in society to compromise with one another. I find that public provision of education arises as an …

Persistent link: https://www.econbiz.de/10010744923