This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have preferences over a private and a government-provided public good, financed through labor taxation. Subsequent generations of voters choose taxation, government expenditure and debt...

The paper compares the policy choices regarding risk-transfer against low-probability-high-loss events between elected and appointed public officials. Empirical evidence using data on U.S. municipality-level shows that appointed city managers are more likely to adopt federal risk-transfer...

This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have preferences over a private and government-provided public good, financed through labour taxation. Subsequent generations of voters choose taxation, government expenditure and debt...

The goal of this paper is to develop an estimable model of President-Congress bargaining in the US, and to use this model to provide a better understanding of the objectives behind the New Deal. In the model, the distribution of federal funds across regions of the country is the outcome of a...

In this paper we estimate a bargaining model of government formation in parliamentary democracies. We use the estimated structural model to conduct constitutional experiments aimed at evaluating the impact of institutional features of the political environment on the duration of the government...

Using millions of siblings in the U.S., we detail three findings that quantify whether siblings influence one another to vote in national elections. First, and descriptively, younger siblings are 10 percentage points (50 percent) more likely to vote in their first eligible election when their...

Much work on the apparent ineffectiveness on incumbent spending in congressional elections has hypothesized that the productivity of incumbent spending is low because incumbents operate on the 'flat part' of their election returns function. Differences in campaign spending associated with state...

Are beautiful politicians more likely to be elected? To test this, we use evidence from Australia, a country in which voting is compulsory, and in which voters are given 'How to Vote' cards depicting photos of the major party candidates as they arrive to vote. Using raters chosen to be...

This paper investigates the effects of political representation on electoral outcomes at the party and coalition levels in proportional election systems using data from Swedish local government elections. There are two notions of representation, namely, to hold seats and to belong to the ruling...