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Drazen, Allan - 2011

Both conventional wisdom and leading academic research view pork barrel spending as antithetical to responsible … in their information about the economic situation, allocation of pork may enable passage of legislation appropriate to a … "crisis" that might otherwise not pass. Pork "greases the legislative wheels" not by bribing legislators to accept legislation …

Persistent link: https://www.econbiz.de/10013131672

The Business of Business is Business : Why (Some) Firms Should Provide Public Goods When They Sell Private Goods

Lai, Chien-Yu - 2017

This note links the commodity bundling literature with the literature on the private provision of public goods. We discuss the potential profitability of bundling strategies for both private firms and charitable organizations. Even in the absence of consumption complementarities, we show...

Persistent link: https://www.econbiz.de/10012964397

On the Dynamics of Community Development

Barseghyan, Levon - 2017

This paper presents a dynamic political economy model of community development. In each period, a community invests in a local public good. The community can grow, with new housing supplied by competitive developers. To finance investment, the community can tax residents and issue debt. In each...

Persistent link: https://www.econbiz.de/10012949927

Nation-Building, Nationalism and Wars

Alesina, Alberto - 2017

The increase in army size observed in early modern times changed the way states conducted wars. Starting in the late 18th century, states switched from mercenaries to a mass army by conscription. In order for the population to accept to fight and endure war, the government elites began to...

Persistent link: https://www.econbiz.de/10012955943

Collective Choice in Dynamic Public Good Provision

Bowen, T. Renee - 2016

Two heterogeneous agents contribute over time to a joint project, and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. We show that the efficient agent prefers a smaller scope, and preferences are time-inconsistent: as...

Persistent link: https://www.econbiz.de/10012980151

Behavioral Public Economics

Bernheim, B. Douglas - 2018

This chapter surveys work in behavioral public economics, emphasizing the normative implications of non-standard decision making for the design of welfare-improving and/or optimal policies. We highlight combinations of theoretical and empirical approaches that together can produce robust...

Persistent link: https://www.econbiz.de/10012914700

The Geography of Linguistic Diversity and the Provision of Public Goods

Desmet, Klaus - 2018

This paper analyzes the importance of local interaction between individuals of different linguistic groups for the provision of public goods at the national level. The micro-founded conceptual framework we develop predicts that a country's public goods (i) decrease in its overall linguistic...

Persistent link: https://www.econbiz.de/10012916911

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis N. - 2018

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012920474

Unlocking Amenities : Estimating Public-Good Complementarity

Albouy, David - 2018

Public goods may exhibit complementarities that are essential for determining their individual value. Our results indicate that improving safety near parks can turn them from public bads to goods. Ignoring complementarities may lead to i) undervaluing the potential value of public goods; ii)...

Persistent link: https://www.econbiz.de/10012910294

Capitalization as a Two-Part Tariff : The Role of Zoning

Banzhaf, H. Spencer - 2019

This paper shows that the capitalization of local amenities is effectively priced into land via a two-part pricing formula: a “ticket” price paid regardless of the amount of housing service consumed and a “slope” price paid per unit of services. We first show theoretically how tickets...

Persistent link: https://www.econbiz.de/10012889496