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On the Buyability of Voting Bodies

On the Buyability of Voting Bodies »

Source: On the Buyability of Voting Bodies

Volume/Issue: 2007/165

Series: IMF Working Papers

Author(s): Felix Vardy , and John Morgan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867299

Keywords: Vote buying, lobbying, elections, voters, voting, voter, election,

We study vote buying by competing interest groups in a variety of electoral and contractual settings. While increasing the size of a voting body reduces its buyability in the absence of competition, we show that la...

Ethnic Diversity, Democracy, and Corruption1

Ethnic Diversity, Democracy, and Corruption1 »

Source: Ethnic Diversity, Democracy, and Corruption

Volume/Issue: 2007/218

Series: IMF Working Papers

Author(s): Etienne Yehoue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2007

ISBN: 9781451867824

Keywords: Ethnic Fractionalization, Democracy, voters, ethnic group, voter, ethnic groups,

I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs thro...

Political Budget Cycles in Papua New Guinea

Political Budget Cycles in Papua New Guinea »

Source: Political Budget Cycles in Papua New Guinea

Volume/Issue: 2007/219

Series: IMF Working Papers

Author(s): Ebrima Faal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2007

ISBN: 9781451867831

Keywords: Politics, elections, election, expenditure, voters,

This paper assesses the presence of opportunistic electoral budget cycles in Papua New Guinea. Using quarterly time series data, a clear pattern emerges of pre-election manipulations of fiscal policy by incumbent g...

Hold Your Nose and Vote

Hold Your Nose and Vote »

Source: Hold Your Nose and Vote : Why Do Some Democracies Tolerate Corruption?

Volume/Issue: 2009/83

Series: IMF Working Papers

Author(s): Marco Pani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

ISBN: 9781451872309

Keywords: Political Equilibrium, Public Expenditure, Constitution, voter, law, law enforcement, voters, election,

This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of rep...

The Discipline-Enhancing Role of Fiscal Institutions

The Discipline-Enhancing Role of Fiscal Institutions »

Source: The Discipline-Enhancing Role of Fiscal Institutions : Theory and Empirical Evidence

Volume/Issue: 2007/171

Series: IMF Working Papers

Author(s): Xavier Debrun , and Manmohan Kumar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867350

Keywords: Deficit bias, credibility, accountability, voters, fiscal institutions, fiscal rule, Accountablility,

This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibil...

Corruption, Competition, and Contracts

Corruption, Competition, and Contracts »

Source: Corruption, Competition, and Contracts : A Model of Vote Buying

Volume/Issue: 2006/11

Series: IMF Working Papers

Author(s): Felix Vardy , and John Morgan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862713

Keywords: Vote buying, lobbying, elections, voters, voter, voting, interest groups, interest group, Models of Political Processes: Rent-seeking, Legislatures

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shar...

Institutional Inertia

Institutional Inertia »

Source: Institutional Inertia

Volume/Issue: 2009/193

Series: IMF Working Papers

Author(s): Laura Valderrama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873405

Keywords: Private Information, Property Rights, Dynamic Voting, Inertia, voting, technology choice, technologies, voter, technological change,

We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority vot...

Political Price Cycles in Regulated Industries

Political Price Cycles in Regulated Industries »

Source: Political Price Cycles in Regulated Industries : Theory and Evidence

Volume/Issue: 2006/260

Series: IMF Working Papers

Author(s): Claudio Paiva , and Rodrigo Moita

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

ISBN: 9781451865202

Keywords: Political cycle, regulated prices, election, voters, elections, oil prices, Regulation and Business Law: General, Economics of Regulation,

This paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfa...

Modeling Politics with Economic Tools

Modeling Politics with Economic Tools »

Source: Modeling Politics with Economic Tools : A Critical Survey of the Literature

Volume/Issue: 2001/10

Series: IMF Working Papers

Author(s): Jan-Peter Olters

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451842692

Keywords: Endogenous politics, political business cycles, optimal government behavior, unemployment, election, voters, social welfare, voting, Relation of Economics to Other Disciplines, History of Thought: Macroeconomics

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "ec...

On the Buyability of Voting Bodies

On the Buyability of Voting Bodies »

Volume/Issue: 2007/165

Series: IMF Working Papers

Author(s): Felix Vardy , and John Morgan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

DOI: http://dx.doi.org/10.5089/9781451867299.001

ISBN: 9781451867299

Keywords: Vote buying, lobbying, elections, voters, voting, voter, election,

We study vote buying by competing interest groups in a variety of electoral and contractual settings. While increasing the size of a voting body reduces its buyability in the absence of competition, we show that la...