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We discuss the effect of formal political institutions (electoral systems, fiscal decentralization, presidential and parliamentary regimes) on the extent and direction of income (re-)distribution. Empirical evidence is presented for a large sample of 70 economies and a panel of 13 OECD countries...
Persistent link: https://www.econbiz.de/10010864514
Three topics of a European constitution are discussed. First, basic arguments from constitutional political economy that aim at restricting representatives’ potential misuse of powers in a European Union with extended competencies are summarized. Since a European demos does not yet exist, an...
Persistent link: https://www.econbiz.de/10005705969
Recent empirical literature has shown that the determination of intergovernmental grants is highly influenced by the political bargaining power of the recipient states. In these models federal politicians are assumed to buy the support of state voters, state politicians and state interest groups...
Persistent link: https://www.econbiz.de/10005705797
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James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...
Persistent link: https://www.econbiz.de/10015197747
This is the introduction to the special issue "The Freiburg School and the Virginia School: The Research Programs of Ordnungsökonomik and Constitutional Political Economy". It provides opening remarks and a brief overview of the individual articles.
Persistent link: https://www.econbiz.de/10015197762