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Felgenhauer, Mike; Grüner, Hans Peter - 2003

committees benefits from voting insincerely accrue not only when a decision maker's vote is pivotal. As the number of voters … increases, the cost of voting insincerely declines in an open committee because the probability of being pivotal declines. This … is not the case in a closed committee where costs and benefits of insincere voting only arise when a voter is pivotal. …

Persistent link: https://www.econbiz.de/10009635893

The allocation of competencies in an international union

Ruta, Michele - 2003

This paper presents a positive theory of centralization of political decisions in an international union. My central claim is that lobbies play a role in determining the assignment of competencies to the union because their power of influence can increase or decrease under centralization. I show...

Persistent link: https://www.econbiz.de/10009639847

Budget institutions and fiscal performance in Central and Eastern European countries

Gleich, Holger - 2003

This paper documents the modes of organization of the budget process in ten CEEC and examines the relationship between these institutional settings and fiscal performance. Using detailed information on the budget institutions in these countries, the national budget processes are classified...

Persistent link: https://www.econbiz.de/10009639852

Monetary discretion, pricing complementarity and dynamic multiple equilibria

King, Robert G.; Wolman, Alexander L. - 2004

In a plain-vanilla New Keynesian model with two-period staggered price-setting, discretionary monetary policy leads to multiple equilibria. Complementarity between pricing decisions of forward-looking firms underlies the multiplicity, which is intrinsically dynamic in nature. At each point in...

Persistent link: https://www.econbiz.de/10009639397