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Evidence on the political principal-agent problem from voting on public finance for concert halls

Potrafke, Niklas - 2013

Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principalagent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...

Persistent link: https://www.econbiz.de/10010188873

Corporate investment decisions under political uncertainty

Riem, Marina - 2016

when state elections occurred relative to the average investment ratio in years with no state election. Firms however seem …

Persistent link: https://www.econbiz.de/10011539894

Does political uncertainty influence firm owners' business perceptions?

Riem, Marina - 2016

firm owners are optimistic regarding their expected business development before state elections. After state elections … optimistic prior to state elections because politicians promised individual policies to gratify the firms' needs during election … times. Firms might be disappointed after elections as the promises made during election campaigns by politicians turn out to …

Persistent link: https://www.econbiz.de/10011542240

A banana republic? : the effects of inconsistencies in the counting of votes on voting behavior

Potrafke, Niklas; Rösel, Felix - 2018

We examine whether local inconsistencies in the counting of votes influence voting behavior. We exploit the case of the second ballot of the 2016 presidential election in Austria. The ballot needed to be repeated because postal votes were counted carelessly in individual electoral districts...

Persistent link: https://www.econbiz.de/10011962212

Electoral cycles in perceived corruption : international empirical evidence

Potrafke, Niklas - 2018

than in other years, indicating that perceived corruption in the public sector increased before elections. The effect is … especially pronounced before early elections (1.0 points) compared to regular elections (0.4 points). Future research needs to … investigate why perceived corruption in the public sector increased before elections. …

Persistent link: https://www.econbiz.de/10011962213

The trade effects of border controls : evidence from the European Schengen Agreement

Felbermayr, Gabriel; Gröschl, Jasmin Katrin; … - 2016

The Schengen Agreement has guaranteed unchecked travel across internal EU borders since 1995. Has it also facilitated trade flows? Our econometric analysis suggests that Schengen has boosted trade by 3% on average (equivalent to a drop in tariffs by 0.7 percentage points). Goods trade is more...

Persistent link: https://www.econbiz.de/10011455888

Dismantled once, diverged forever? : a quasi-natural experiment of Red Army misdeeds in post-WWII Europe

Ochsner, Christian - 2017

I study the economic consequences of the Red Army's misdeeds after WWII. I exploit differences in spatial economic activity across the arbitrarily drawn and only for 74 days lasting liberation demarcation line between the Red Army and the Western Allies in South Austria. Dismantling and...

Persistent link: https://www.econbiz.de/10011721226

The long-term costs of government surveillance : insights from Stasi spying in East Germany

Lichter, Andreas; Löffler, Max; Siegloch, Sebastian - 2019

We investigate the long-run effects of government surveillance on civic capital and economic performance, studying the case of the Stasi in East Germany. Exploiting regional variation in the number of spies and administrative features of the system, we combine a border discontinuity design with...

Persistent link: https://www.econbiz.de/10012137419

Fiscal performance of minority governments : new empirical evidence for OECD countries

Potrafke, Niklas - 2019

I use new data on central and general governments for 23 OECD countries over the period 1960-2015 (unbalanced panel) to examine fiscal performance under minority governments. The results do not suggest that minority governments had higher fiscal deficits and public expenditure than majority...

Persistent link: https://www.econbiz.de/10012052582

How to handle the fiscal crisis in Greece? : empirical evidence based on a survey of economic experts

Mosler, Martin; Potrafke, Niklas; Reischmann, Markus Josef - 2019

We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the year 2015. The sample includes about 850 experts from 110 countries. We find systematic differences in experts' recommendations. Our results suggest that policy advice is related...

Persistent link: https://www.econbiz.de/10012052586