Showing 1 - 10 of 41
a minority of voters are biased, but harmful when a majority is biased. In theory, information on the success of policy …
Persistent link: https://www.econbiz.de/10010195409
minority of voters are biased, but harmful when a majority is biased. In theory, information on the success of policy choices …
Persistent link: https://www.econbiz.de/10010325107
. In theory, information on the success of policy choices elsewhere de-biases voters and alleviates the inefficiency. In …
Persistent link: https://www.econbiz.de/10011083707
minority of voters are biased, but harmful when a majority is biased. In theory, information on the success of policy choices …
Persistent link: https://www.econbiz.de/10010955344
In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more distortionary the tax system is. In an OLG model with...
Persistent link: https://www.econbiz.de/10011431258
This paper extends our analysis of the identification of an "optimum relative unanimity." This is done principally through clarifying certain terms and correcting a misinterpretation of why the minimum possible value for an optimum relative unanimity is a simple majority, i.e., greater than 50%.
Persistent link: https://www.econbiz.de/10011113668
An intertemporal voting model is examined where, at each date, there is a pairwise majority vote between the existing chosen state and some other state, chosen randomly. Intertemporal voting simplifies the strategic issues and the agenda setting is as unrestricted as possible. The possibility of...
Persistent link: https://www.econbiz.de/10005730337
Existing political economy models of pensions focus on age and productivity. In this paper we incorporate two additional individual characteristics: sex and marital status. We ignore the role of age, by assuming that people vote at the start of their life, and characterize the preferred rate of...
Persistent link: https://www.econbiz.de/10008550216
We study a world economy where worldwide policy coordination is essential to optimally stabilize unfavorable common supply shocks. We develop a two-stage game to investigate how to implement the first-best response to these shocks via a multilateral institution, whose board of directors is...
Persistent link: https://www.econbiz.de/10005178829
Derived pension rights exist in most Social Security systems but with variable generosity. They are mainly targeted towards non-working wives and widows and are viewed as a means to alleviate poverty among older women living alone. The purpose of this paper is to explain how they can emerge from...
Persistent link: https://www.econbiz.de/10008836137