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How should international aid be distributed? The most common view is according to some utilitarian formula: in order to maximize the average growth rate of aid recipients or the growth rate of income of the class of recipient countries. Recently, the World Bank [7] has published a study...
Persistent link: https://www.econbiz.de/10008620287
Consider electoral competition between two candidates, in which there is a single-dimensional issue space. The simplest way to get the result that, in Nash equilibrium, candidates propose different policies, is to assume that (1) candidates are uncertain about the distribution of voter...
Persistent link: https://www.econbiz.de/10008620291
Under dictatorship, trade unions and strikes are illegal, and so wages are low and employment is full. Under democracy, there are two institutional innovations: trade unions, which can keep the wage about the Walrasian level, and the citizen franchise, by which citizens may vote transfer...
Persistent link: https://www.econbiz.de/10008620293
It is commonly held that power has been transferred from political parties to candidates in the last fifty years, and that television is the cause. This paper constructs a game-theoretical model of political competition in which a technological innovation, like television, can have this effect....
Persistent link: https://www.econbiz.de/10008620309
We analyze the reallocations of educational expenditures required to equalize opportunities, according to the theory of Roemer (1998). Using the NLSYM data set, we find that implementing an equal-opportunity policy across men of different races, by using educational finance as the instrument,...
Persistent link: https://www.econbiz.de/10008620385
An in-kind subsidy is equivalent, both theoretically and empirically, to an increase of income for an individual consumer. But the equivalence does not empirically carry over to in-kind grants by a central government to a local one: this has been seen as an anomaly and dubbed the â??flypaper...
Persistent link: https://www.econbiz.de/10008620414
Why did socialists win elections in some countries in Europe, and fascists in others, during the interwar period? Many political historians have viewed ''distributive class politics'' as the appropriate characterization of this period and place, but heretofore, formal politico-economic analysis...
Persistent link: https://www.econbiz.de/10008620433