This paper provides a simple political agency model to explain the effect of political alignment between different tiers of government on intergovernmental grants and election outcomes. Key features of the model are: (i) rational voters interpret public good provision as a signal of incumbent...

Representation is one of the most important criteria by which to judge electoral systems. In this paper, I focus on one aspect of representative democracy: the formation of electoral district boundaries. It is well known that majoritarian systems give rise to highly biased seat–vote curves,...

This paper investigates whether OECD countries compete with each other over corporation taxes, and whether such competition can explain the fall in statutory tax rates in the 1980s and 1990s. We develop a model in which multinational firms choose their capital stock in response to an effective...