Showing 1 - 10 of 20
We examine the effect of hearing cases alongside female judicial colleagues on the probability that a federal judge hires a female law clerk. Federal judges are assigned to cases and to judicial panels at random and have few limitations on their choices of law clerks: these two features make the...
Persistent link: https://www.econbiz.de/10014101922
This paper studies how interest groups allocate campaign contributions when congressmen are connected by social ties. We establish conditions for the existence of a unique Nash equilibrium in pure strategies for the contribution game and characterize the associated allocation of the interest...
Persistent link: https://www.econbiz.de/10012981101
We propose a new model of legislative bargaining in which coalitions have different values, reflecting the fact that the policies they can pursue are constrained by the identity of the coalition members. In the model, a formateur picks a coalition and negotiates for the allocation of the surplus...
Persistent link: https://www.econbiz.de/10012890469
This paper explores the interaction between fiscal policy and unemployment. It develops a dynamic economic model in which unemployment can arise but can be mitigated by tax cuts and public spending increases. Such policies are fiscally costly, but can be financed by issuing government debt. In...
Persistent link: https://www.econbiz.de/10013118844
We present a dynamic model of free riding in which n infinitely lived agents choose between private consumption and contributions to a durable public good g. We characterize the set of continuous Markov equilibria in economies with reversibility, where investments can be positive or negative; and...
Persistent link: https://www.econbiz.de/10013108603
We study a dynamic model of environmental protection in which the level of pollution is a state variable that strategically links policy making periods. Policymakers are forward looking but politically motivated: they have heterogeneous preferences and do not fully internalize the cost of...
Persistent link: https://www.econbiz.de/10014240423
This paper studies Pareto efficient income taxation in an economy with infinitely-lived individuals whose income generating abilities evolve according to a two-state Markov process. The study yields two main results. First, when individuals are risk neutral, the fraction of individuals who face...
Persistent link: https://www.econbiz.de/10013245535
In this paper, we study the extent to which social connections influence the legislative effectiveness of members of the U.S. Congress. We propose a new model of legislative effectiveness that formalizes the role of social connections and generates simple testable predictions. The model predicts...
Persistent link: https://www.econbiz.de/10013233350
We present a theory of endogenous fiscal policy and growth. Fiscal policy — debt, income tax, spending on local public goods and public investment — is determined through legislative bargaining. Economic growth depends directly on public investment, private investment in human capital and,...
Persistent link: https://www.econbiz.de/10013013181
This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation of public debt. A legislature bargains over the levels of a public good and of district specific transfers in two periods. The legislature can issue or purchase risk-free bonds...
Persistent link: https://www.econbiz.de/10012986701