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Redistribution of return inequality
Schulz, Karl - 2021
conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …
Persistent link: https://www.econbiz.de/10012499593
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Tax Contracts and Elections
Gersbach, Hans; Schneider, Maik T. - 2010
In this paper we examine the impact of tax contracts as a novel institution on elections, policies, and welfare. We consider a political game in which three parties compete to form the government. Parties have policy preferences about the level of public-good provision and benefit from perks...
Persistent link: https://www.econbiz.de/10014199808
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Tax contracts and elections
Gersbach, Hans; Schneider, Maik T. - 2009 - This version: December 2009
In this paper we examine the impact of tax contracts as a novel institution on elections, policies, and welfare. We consider a political game in which three parties compete to form the government. Parties have policy preferences about the level of public-good provision and benefit from perks...
Persistent link: https://www.econbiz.de/10008746679
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The Political Economy of Redistribution Under Asymmetric Information
Dhami, Sanjit S. - 2008
This paper examines the political economy of redistribution when voters have asymmetric information about the …
Persistent link: https://www.econbiz.de/10012771452
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Information in elections : do third inflexible candidates always promote truthful behavior?
Andina-Díaz, Ascensión - In: SERIEs : Journal of the Spanish Economic Association 7 (2016) 3, pp. 307-339
We model an election between two Downsian mainstream candidates and a third inflexible politician. There is uncertainty about the state of the world. Candidates receive signals on the state and propose a policy to implement. There are two classes of voters: ideological, who are biased towards...
Persistent link: https://www.econbiz.de/10011537537
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Rhetoric in legislative bargaining with asymmetric information
Chen, Ying; Eraslan, Hülya - 2010
In this paper we analyze a legislative bargaining game in which parties privately informed about their preferences bargain over an ideological and a distributive decision. Communication takes place before a proposal is offered and majority rule voting determines the outcome. When the private...
Persistent link: https://www.econbiz.de/10008665138
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Rhetoric in legislative bargaining with asymmetric information
Chen, Ying; Eraslan, Hülya - 2010
In this paper we analyze a legislative bargaining game in which parties privately informed about their preferences bargain over an ideological and a distributive decision. Communication takes place before a proposal is offered and majority rule voting determines the outcome. When the private...
Persistent link: https://www.econbiz.de/10008669935
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Voting with public information
Liu, Shuo - 2017 - This version: June 2017
We study the effect of public information on collective decision-making in committees, where members can have both common and conflicting interests. In the presence of public information, the simple and efficient vote-your-signal strategy profile no longer constitutes an equilibrium under the...
Persistent link: https://www.econbiz.de/10011729095
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Condorcet meets Ellsberg
Ellis, Andrew - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 865-895
The Condorcet Jury Theorem states that given subjective expected utility maximization and common values, the equilibrium probability that the correct candidate wins goes to one as the size of the electorate goes to infinity. This paper studies strategic voting when voters have pure common values...
Persistent link: https://www.econbiz.de/10011671890
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Political Constraints and Public Support for Market Reform
Desai, Raj M. - 2006
As concerns about reform fatigue in lower- and middle-income countries have become more widespread, so has the search for ways of boosting support for market-oriented reforms. While the effects of political institutions on reform results have been extensively analyzed, there has been relatively...
Persistent link: https://www.econbiz.de/10012734538