Showing 1 - 10 of 26,943
endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters' payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …
Persistent link: https://www.econbiz.de/10011117645
Persistent link: https://www.econbiz.de/10011126646
endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …
Persistent link: https://www.econbiz.de/10010781549
endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters' payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …
Persistent link: https://www.econbiz.de/10010791257
beliefs are aggregated to make a decision. In this paper, we argue that the need for aggregation creates different incentives … for belief updates in private and political choice. We review contemporary theories of biased beliefs in politics … analysis, we construct an evolutionary model including a coordination failure. Differences in learning dynamics make the …
Persistent link: https://www.econbiz.de/10005537003
elicitation plays in the experiment affects both the contribution behavior and beliefs, and (2) framing influences stated beliefs …We analyze first-order beliefs in a variation of the Public Good Game. We show that (1) the role that belief … initial beliefs, and provide an empirical model of the belief up-dating process. Subjects use the past experience, stressing …
Persistent link: https://www.econbiz.de/10005572324
The paper investigates strategic campaigning in a model of redistributive politics in a society with many groups and two parties. Campaigns are informative, and parties can target campaigns to different groups. Voters are uncertain about whether parties favor special groups. The parties will...
Persistent link: https://www.econbiz.de/10005749857
For economies in transition, the issues of property rights protection provided by the state and implications for economic performance are very important. The paper develops an endogenous growth theory model with incomplete capital markets and the level of public protection of property rights...
Persistent link: https://www.econbiz.de/10005114189
This paper analyzes government commitments to ongoing spending programs that require future outlays. Spending commitments are important for understanding partisan politics because they constrain future governments. In a model with one government good, a “stubborn liberal” policy maker can...
Persistent link: https://www.econbiz.de/10009020103
In this paper, we develop a simple model of the rights a government provides its citizenry. Rights are treated as public goods and taken as primitives in agents utility functions; each agent has preferences over the entire policy vector. We model the interaction among citi-zens and the...
Persistent link: https://www.econbiz.de/10005746129