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extremely influential review of the literature linking economics and elections, what they called the “VP functions.” In that … has come to be known as economic voting. As shall be shown, Nannestad and Paldam were prescient in their early …
Persistent link: https://www.econbiz.de/10010988136
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...
Persistent link: https://www.econbiz.de/10004999974
Persistent link: https://www.econbiz.de/10005767349
behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that …
Persistent link: https://www.econbiz.de/10005605269
effort so that performance becomes a more accurate signal of her ability. Elections reduce the experimentation effect, and … the reduction in this effect may more than offset the positive "career-concerns" effect of elections on effort. Moreover …, when this occurs, appointment of officeholders may Pareto-dominate elections. …
Persistent link: https://www.econbiz.de/10005605403
deficits. In light of the theory, empirical tests of the effectiveness of institutions are undertaken. The results further …
Persistent link: https://www.econbiz.de/10005825631
of social institutions," and we use his theory of justice to provide a method for understanding what should be the case …, in the context of voice and voting shares, before international institutions, such as the IMF, are to be justifiable to …
Persistent link: https://www.econbiz.de/10005825790
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...
Persistent link: https://www.econbiz.de/10005248127
In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....
Persistent link: https://www.econbiz.de/10005248248
The countries that were once British colonies in the Caribbean share a common language and a colonial history of slavery, dominance of a plantation-based sugar industry, and broadly similar government and administrative traditions. Following independence in the late-1960s economic strategies and...
Persistent link: https://www.econbiz.de/10005263739