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Previous studies of the U.S. Constitutional Convention have relied on votes recorded for the state blocs or a relatively small number of delegate votes. We construct a new data set covering delegate votes on over 600 substantive roll calls, and use the data in several ways. First, we estimate a...
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Buchanan and Tullock argue that larger supermajority rules reduce tyranny of the majority but should have no effect on the passage of mutually advantageous policies. The authors test this argument by separately analyzing the effect of supermajority requirements on taxes that are targeted toward...
Persistent link: https://www.econbiz.de/10009372046
Charles Beard ([1913] 2004) argued that the U.S. Constitution was created to advance the interests of people who owned personalty, particularly those at the Constitutional Convention. Because delegate votes on individual clauses at the Constitutional Convention were not publicly recorded, prior...
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Under the Articles of Confederation, the American states frequently failed to pay their requisitions to the national government, sapping it of revenue. This paper explains the failure to raise revenue from the states by analyzing the system of requisitions in the context of Shays' Rebellion....
Persistent link: https://www.econbiz.de/10010777822
It is widely held that in the absence of transaction costs unanimity rule is more effective at producing Pareto improvements and Pareto optimal outcomes than majority rule. We compare unanimity rule and majority rule in their ability to adhere to the Pareto criterion and to select Pareto-optimal...
Persistent link: https://www.econbiz.de/10005035336
Little attention has been paid to the differences between absolute majority rule and simple majority rule, which differ in their treatment of absences and ‘votes to abstain’. This article fills that gap by undertaking a probabilistic analysis of the two voting rules assuming two...
Persistent link: https://www.econbiz.de/10009004558
Several cross-country studies have found that corruption is detrimental to economic growth, but the findings are not universally robust. We utilize the economic freedom index to examine if corruption can facilitate growth by allowing entrepreneurs to avoid inefficient policies and regulations...
Persistent link: https://www.econbiz.de/10005533284
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