In this paper, I aim to discuss New Political Economy as a label for the economic analysis of politics, in the English language. The term ‘political economy’ itself, although it has ceased to be the preferred term by which economists refer to their discipline, it is still being used by a...

Nine out of ten modern constitutions contain explicit emergency provisions, describing who can call a state of emergency (and under which conditions) and the additional powers government enjoys under a state of emergency. As states of emergency typically allocate additional powers to the...

After almost every economic crisis and corporate scandal, political actors announce the need for stricter regulatory measures for financial markets and companies, in an attempt to appease their voters and defend their political agenda. Regarding the latest international financial crisis, the EU...

This Working Paper analyses the results of a novel survey carried out to examine and measure how Brazilian scholars of economics and political science-including public administration-tend to agree or disagree on main public choice issues. The conceptual framework identifies 34 issues across 7...

James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...

Introduction: Public Interest Explanations VS Public Choice Explanations -- Viral Mitigation: Weak Theoretical Underpinnings -- The World Stampeded: From Mass Hysteria to Prolonged Mass Hysteria -- Tradeoffs and Knock-on Effects -- Public Choice Theory: An Explanation of the Pandemic Policy...

Recent studies in psychology and neuroscience offer systematic evidence that fictional works exert a surprisingly strong influence on readers and have the power to shape their opinions and worldviews. Building on these findings, we study ‘Potterian economics’, the economic ideas, insights...

We study the effect on the participation rate of employing different voting rules in the context of the problem to allocate a fixed monetary budget to two different public projects. Specifically, we compare the mean rule according to which the average of the individually proposed allocations is...

We show that the electorate's preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...

This is the last of four papers devoted to the 2021 German federal elections continuing our analysis of the 2009, 2013 and 2017 Bundestag elections. It is shown that the policy representation by the Bundestag could be improved using the alternative Third Vote election method. Under the Third...

We examine the relationship between socio-economic characteristics and voting patterns among Arabs in Israel. We combine panel data on 73 Arab localities with election results and socio-economic indicators for seven election years between 1996 and 2015. Exploiting variation in political...

We show that the electorate's preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...

We study the impact of the first American party committed to redistribution from rich to poor on anti-Black media content in the 1890s. The Populist Party sought support among poor farmers, regardless of race, providing the segregationist Democratic establishment in the South with an incentive...

Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the broader population and how they are associated with political...

The modern Condorcet jury theorem states that under weak conditions, when voters have common interests, elections will aggregate information when the population is large, in any equilibrium. Here, we study the performance of large elections with population uncertainty. We find that the modern...

Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the broader population and how they are associated with political...

The main aim of this paper is to explore theoretically important mechanisms through which economic inequalities may affect the emergence of political violence given the forms of social mobilization they (may) generate. The paper identifies and explores two mechanisms under which social...

The paper aims to show how the formal revolution in economics has influenced the developments of Rational Choice and Game Theory in Political Science. Our focus will be on American political scientist William H. Riker (1920-1993). We want to show how Riker used game theory and adapted it to...

Are preferences for reforms driven by individuals' own endowments or beliefs? To address this question, we conducted a cross-country survey on people's opinions on employment protection legislation-an area where reform has proven to be difficult and personal interests are at stake. We find that...

The article analyzes how economic theory usually investigates corruption. It describes the main traditional economic theories dealing with this issue-principal-agent theory (agency theory) and rent-seeking theory-and it emphasizes that both face some problems, especially their neglect of some...

Building on the well-established relationship between economic dynamics and political processes, we focus on the most important element of the political process, namely, general (or national) elections, and look into their effects on public finance and total economic output. In this vein, the...