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Political Competition and the Limits of Political Compromise

Political Competition and the Limits of Political Compromise PDF Author: Alexandre B. Cunha
Publisher:
ISBN:
Category :
Languages : en
Pages : 43

Book Description
We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each party curbs excessive spending when in office if it expects future governments to do the same. We find that if the government cannot manipulate state variables, more intense political competition fosters a compromise that yields better outcomes, potentially even the first best. By contrast, if the government can issue debt, vigorous political competition can render a compromise unsustainable and drive the economy to a low-welfare, high-debt, long-run trap. Our analysis thus suggests a legislative tradeoff between restricting political competition and constraining the ability of governments to issue debt.

Political Competition and the Limits of Political Compromise

Political Competition and the Limits of Political Compromise PDF Author: Alexandre B. Cunha
Publisher:
ISBN:
Category :
Languages : en
Pages : 43

Book Description
We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each party curbs excessive spending when in office if it expects future governments to do the same. We find that if the government cannot manipulate state variables, more intense political competition fosters a compromise that yields better outcomes, potentially even the first best. By contrast, if the government can issue debt, vigorous political competition can render a compromise unsustainable and drive the economy to a low-welfare, high-debt, long-run trap. Our analysis thus suggests a legislative tradeoff between restricting political competition and constraining the ability of governments to issue debt.

Political Competition and the Limits of Political Compromise

Political Competition and the Limits of Political Compromise PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description


The Politics Industry

The Politics Industry PDF Author: Katherine M. Gehl
Publisher: Harvard Business Press
ISBN: 1633699242
Category : Political Science
Languages : en
Pages : 316

Book Description
Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.

Political Competition

Political Competition PDF Author: John E ROEMER
Publisher: Harvard University Press
ISBN: 0674042859
Category : Business & Economics
Languages : en
Pages : 349

Book Description
John Roemer presents a unified and rigorous theory of political competition between parties and he models the theory under many specifications, including whether parties are policy oriented or oriented toward winning, whether they are certain or uncertain about voter preferences, and whether the policy space is uni- or multidimensional.

Compromise in an Age of Party Polarization

Compromise in an Age of Party Polarization PDF Author: Jennifer Wolak
Publisher: Oxford University Press, USA
ISBN: 0197510493
Category : Political Science
Languages : en
Pages : 233

Book Description
"Congressional debates are increasingly defined by gridlock and stalemate, with partisan showdowns that lead to government shutdowns. Compromise in Congress seems hard to reach. But do politicians deserve all the blame? Legislators who resist concessions and stand firm to their convictions might be doing just what voters want them to do. If this is true, however, then citizens must shoulder some of the responsibility for gridlock in Congress. This book challenges this wisdom and argues that Americans value compromise as a way to resolve differences in times of partisan division. Using evidence from a variety of surveys and innovative experiments, the book demonstrates that citizens want more from politics than just ideological representation - they also care about the processes by which disagreements are settled. Americans believe that compromise is a virtuous way to resolve political disputes. Because people's desire for compromise is deeply rooted in socialized support for democratic values, principled beliefs about compromise can serve as a check on partisan thinking. Across a range of settings, people's support for compromise persists even when it comes at the cost of partisan goals and policy objectives. People give warmer evaluations to members of Congress who are willing to compromise, and view compromise legislation as more legitimate. People care about not just outcomes, but also the way decisions are reached. Winning isn't everything in politics. People also value the democratic principle of compromise."--

Electoral Systems and Conflict in Divided Societies

Electoral Systems and Conflict in Divided Societies PDF Author: Ben Reilly
Publisher: National Academies Press
ISBN: 0309519101
Category : Technology & Engineering
Languages : en
Pages : 73

Book Description
This paper is one of a series being prepared for the National Research Council's Committee on International Conflict Resolution. The committee was organized in late 1995 to respond to a growing need for prevention, management, and resolution of violent conflict in the international arena, a concern about the changing nature and context of such conflict in the post-Cold War era, and a recent expansion of knowledge in the field. The committee's main goal is to advance the practice of conflict resolution by using the methods and critical attitude of science to examine the effectiveness of various techniques and concepts that have been advanced for preventing, managing, and resolving international conflicts. The committee's research agenda has been designed to supplement the work of other groups, particularly the Carnegie Corporation of New York's Commission on Preventing Deadly Conflict, which issued its final report in December 1997. The committee has identified a number of specific techniques and concepts of current interest to policy practitioners and has asked leading specialists on each one to carefully review and analyze available knowledge and to summarize what is known about the conditions under which each is or is not effective. These papers present the results of their work.

The National System of Political Economy

The National System of Political Economy PDF Author: Friedrich List
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 422

Book Description


Government Failure Versus Market Failure

Government Failure Versus Market Failure PDF Author: Clifford Winston
Publisher: Brookings Institution Press and AEI
ISBN:
Category : Business & Economics
Languages : en
Pages : 152

Book Description
When should government intervene in market activity? When is it best to let market forces simply take their natural course? How does existing empirical evidence about government performance inform those decisions? Brookings economist Clifford Winston uses these questions to frame a frank empirical assessment of government economic intervention in Government Failure vs.

Authoritarian Origins of Democratic Party Systems in Africa

Authoritarian Origins of Democratic Party Systems in Africa PDF Author: Rachel Beatty Riedl
Publisher: Cambridge University Press
ISBN: 1139916904
Category : Political Science
Languages : en
Pages : 287

Book Description
Why have seemingly similar African countries developed very different forms of democratic party systems? Despite virtually ubiquitous conditions that are assumed to be challenging to democracy - low levels of economic development, high ethnic heterogeneity, and weak state capacity - nearly two dozen African countries have maintained democratic competition since the early 1990s. Yet the forms of party system competition vary greatly: from highly stable, nationally organized, well-institutionalized party systems to incredibly volatile, particularistic parties in systems with low institutionalization. To explain their divergent development, Rachel Beatty Riedl points to earlier authoritarian strategies to consolidate support and maintain power. The initial stages of democratic opening provide an opportunity for authoritarian incumbents to attempt to shape the rules of the new multiparty system in their own interests, but their power to do so depends on the extent of local support built up over time.

Uncivil Agreement

Uncivil Agreement PDF Author: Lilliana Mason
Publisher: University of Chicago Press
ISBN: 022652468X
Category : Political Science
Languages : en
Pages : 193

Book Description
The psychology behind political partisanship: “The kind of research that will change not just how you think about the world but how you think about yourself.” —Ezra Klein, Vox Political polarization in America has moved beyond disagreements about matters of policy. For the first time in decades, research has shown that members of both parties hold strongly unfavorable views of their opponents. This is polarization rooted in social identity, and it is growing. The campaign and election of Donald Trump laid bare this fact of the American electorate, its successful rhetoric of “us versus them” tapping into a powerful current of anger and resentment. With Uncivil Agreement, Lilliana Mason looks at the growing social gulf across racial, religious, and cultural lines, which have recently come to divide neatly between the two major political parties. She argues that group identifications have changed the way we think and feel about ourselves and our opponents. Even when Democrats and Republicans can agree on policy outcomes, they tend to view one other with distrust and to work for party victory over all else. Although the polarizing effects of social divisions have simplified our electoral choices and increased political engagement, they have not been a force that is, on balance, helpful for American democracy. Bringing together theory from political science and social psychology, Uncivil Agreement clearly describes this increasingly “social” type of polarization, and adds much to our understanding of contemporary politics.