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This paper analyzes government commitments to ongoing spending programs that require future outlays. Spending commitments are important for understanding partisan politics because they constrain future governments. In a model with one government good, a "stubborn liberal" policy maker can use...
Persistent link: https://www.econbiz.de/10009127554
The author proposes a two-round process called minority voting to allocate public projects in a polity. In the first round, a society decides by a simple majority decision whether to provide the public project. If the proposal in the first round is rejected, the process ends. Otherwise the...
Persistent link: https://www.econbiz.de/10003881290
In this paper we introduce flexible majority decision rules where the size of the majority depends on the proposal made by the agenda setter. Flexible majority rules can mitigate the disadvantages of democracies in the provision of public projects. In many cases, the combination of the...
Persistent link: https://www.econbiz.de/10011398428
We estimate the causal effect of direct elections on the economic performance of politicians. Candidates running in direct elections to head local governments in the German state of Brandenburg need an absolute majority, and votes for the winner must represent at least 15% of eligible voters. If...
Persistent link: https://www.econbiz.de/10011997535
The author proposes a two-round process called minority voting to allocate public projects in a polity. In the first round, a society decides by a simple majority decision whether to provide the public project. If the proposal in the first round is rejected, the process ends. Otherwise the...
Persistent link: https://www.econbiz.de/10013132098
Despite evidence that modern democracies systematically shortchange public investment goods, relatively little theoretical work exists to explain this phenomenon. We build on Baron and Ferejohn's (American Political Science Review, 83(4) (1989) 1181--1206) bargaining model to describe public...
Persistent link: https://www.econbiz.de/10014140583
support for the baseline model in our data. However, simple (non-rational) learning rules explain behavioral patterns well …. Simulations indicate that non-rational learning pushes behavior most forcefully towards equilibrium in situations that are …
Persistent link: https://www.econbiz.de/10014181350
tend to seek less information. A simple laboratory experiment confirms key results …
Persistent link: https://www.econbiz.de/10012934616
This paper analyzes government commitments to ongoing spending programs that require future outlays. Spending commitments are important for understanding partisan politics because they constrain future governments. In a model with one government good, a 'stubborn liberal' policy maker can use...
Persistent link: https://www.econbiz.de/10010274871
Was the lighthouse ever a public good? The lighthouse is presented as the quintessential public good as it was inherently non-excludable and non-rivalrous. Since the work of Ronald Coase (1974) on the lighthouse, economists have used debated the extent to which the private provision of public...
Persistent link: https://www.econbiz.de/10012895548