Results 41 to 50 of about 13,199 (204)

The Voting Premium

The Journal of Finance, EarlyView.
ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley   +1 more source

Sovereign Debt Restructuring Options: An Analytical Comparison [PDF]

, 2012
The recent financial woes of Greece, Ireland, Portugal, and other nations have reinvigorated the debate over whether to bail out defaulting countries or, instead, restructure their debt.
Schwarcz, Steven L.
core   +1 more source

Buying Supermajorities in Finite Legislatures [PDF]

American Political Science Review, 2000
I analyze the finite-voter version of the Groseclose and Snyder vote-buying model. I identify how the optimal coalition size varies with the underlying preference parameters; derive necessary and sufficient conditions for minimal majority and universal coalitions to form; and show that the necessary condition for minimal majorities found in Groseclose ...
openaire   +2 more sources

Bonds on the Ballot: What Voters (Don't) Know About Debt Financing and Why It Matters

Public Budgeting &Finance, EarlyView.
Abstract American subnational governments commonly require voters to approve bond proposals, reflecting historical concerns about legislative shortsightedness. Yet voters need an understanding of how bond financing works to make choices consistent with preferences. Existing literature makes it unclear whether voters have such knowledge.
Shanna Pearson‐Merkowitz, Joshua J. Dyck, Edward L. Lascher Jr., Corey Lang   +3 more
wiley   +1 more source

Divided government and significant legislation: A History of Congress from 1789 to 2010 [PDF]

, 2018
This article presents and analyzes the most comprehensive database to date of significant acts of Congress—from 1789 to 2010—to test whether divided party control of government affects the number of important acts Congress passes.
Aldrich, Aldrich, Ansolabehere, Benjamin Schneer, Brady, Castel, Cox, Downs, Edwards III, Fiorina, Galloway, Jacobson, Josephy, Krehbiel, Lupia, Mann, Maxwell Palmer, Mayhew, McCarty, Peterson, Poole, Silbey, Skocpol, Stephen Ansolabehere   +23 more
core   +1 more source

Lessons on State and Local Income Taxes From the Twenty‐First Century and Challenges for the Future

Public Budgeting &Finance, EarlyView.
Abstract I survey recent research on subnational income tax policy, arguing that a defining feature is geography. Geographic boundaries limit the power of subnational governments to tax people and activities. The article discusses where income should be taxed and the effects of these tax rules on the interjurisdictional mobility of people and jobs.
David R. Agrawal
wiley   +1 more source

Rights of Passage: Majority Rule in Congress [PDF]

, 1996
The United States government is a government not of rigorously separated powers, but of overlapping and concurrent powers: a government of checked and balanced powers. What strikes the balance? A few spare words of the Constitution.
Rubenfeld, Jed
core   +2 more sources

Blocking the Poor: Status Quo Bias in Policy Congruence

Policy Studies Journal, EarlyView.
ABSTRACT Research on unequal responsiveness has shown that policies tend to align more closely with the preferences of high‐income citizens than low‐income citizens. Using comparative data on opinions and policies, we suggest that this inequality primarily results from status quo bias; asymmetric blocking power drives unequal congruence rather than ...
Mikael Persson, Anders Sundell
wiley   +1 more source

When Illiberals Govern: Educational and Cultural Policies in Hungary and Poland

Politics and Governance
Illiberal governments have been widely associated with democratic backsliding, the erosion of the rule of law, and executive aggrandisement. However, their impact on the various domains of knowledge production has not received enough scholarly attention.
Péter Radó, Bálint Mikola
doaj   +1 more source

THE HUNGARIAN CRISIS: AN AUSTRIAN SCHOOL EXPLANATION [PDF]

Annals of the University of Oradea: Economic Science, 2013
The Hungarian model was heralded as one of the most successful post-socialist way of integration into the globalised world economy and European economic area in the nineties.
Andras Toth
doaj