Showing 21 - 30 of 103
We model 'money buys access' informational lobbying as a commitment from the policy-maker to observe a lobby's verifiable evidence only upon receiving an access fee. We specifically examine the policy-maker's optimal access fees in the presence of two strictly competing lobbies. Our novel method...
Persistent link: https://www.econbiz.de/10011340619
This paper analyzes grading competition between instructors of elective courses when students shop for high course scores, the instructors maximize class size, and the school imposes a ceiling on mean course scores to limit grade inflation. Under this grading norm, we demonstrate that curriculum...
Persistent link: https://www.econbiz.de/10012063474
Persistent link: https://www.econbiz.de/10012408795
We extend a model of wasteful state aid in Dewatripont and Seabright (2006, Journal of the European Economic Association 4, 513–522) by a supranational controlling authority. The model combines moral hazard and adverse selection to show that politicians fund wasteful projects to signal their...
Persistent link: https://www.econbiz.de/10005536987
In the fields of social choice, public choice and political economics, the main difference between private and political choice is whether individual preferences are aggregated to make a decision. A much less studied difference is whether beliefs are aggregated to make a decision. In this paper,...
Persistent link: https://www.econbiz.de/10005537003
In this article, we analyse initiatives organized by groups outside of formal politics that involve political confrontation with elected officials, and the need for recourse to the courts. We show that a civic initiative submitted by a proposer gives the voter not only the option to constrain...
Persistent link: https://www.econbiz.de/10011135430
This article provides the first comparison of public sector efficiency in and beyond transition. We compare the comprehensive efficiency scores of 202 local governments in the Czech Republic in the transition period of 1995-1998 and the post-transition period of 2005-2008 and identify the...
Persistent link: https://www.econbiz.de/10011104274
We model `money buys access' informational lobbying as a commitment from the policy-maker to observe a lobby's verifiable evidence only upon receiving an access fee. We specifically examine the policy-maker's optimal access fees in the presence of two strictly competing lobbies. Our novel method...
Persistent link: https://www.econbiz.de/10011078529
We study a game in which a sender with verifiable private information has to pay an access fee that is announced by a receiver to be able to convey her message to the receiver. The setting is motivated by the literature of pay-and-lobby politics, which finds that politicians decide to schedule...
Persistent link: https://www.econbiz.de/10011078532
The Anglo-American double-member districts employing plurality-at-large are frequently criticized for giving a large majority premium to a winning party, since the large premium may decrease proportionality of the elected assembly relative to single-member districts. We demonstrate that the...
Persistent link: https://www.econbiz.de/10010827797