Constituents’ economic interests and senator support for spending limitations

Peltzman [Peltzman, S., 1984. Constituent interest and congressional voting. Journal of Law and Economics 27, 181–210] argues that if constituents’ economic interests have well-defined “winners and losers” and are appropriately measured, then constituents’ economic interests, and not legislator ideology, are the most important determinates of legislator voting. We test Peltzman's theory by examining senatorial voting on three mandated spending limitation bills. We find, consistent with Peltzman's theory, that the ratio of federal spending in a senator's state to federal taxes paid by that state, and not a senator's personal ideology, matters on legislation where there are well-defined economic “winners and losers.” This is particularly important because unlike other constituents’ economic interest measures that only impact a fraction of the constituency, the ratio of federal spending to federal taxes in a state represents the economic interests of all the constituents in a state.     

Discovering hidden statistical issues through individual-level models in ecological studies

ABSTRACT

In ecological studies, individual inference is made based on results from ecological models. Interpretation of the results requires caution since ecological analysis on group level may not hold in the individual level within the groups, leading to ecological fallacy. Using an ecological regression example for analyzing voting behaviors, we highlight that the explicit use of individual-level models is crucial in understanding the results of ecological studies. In particular, we clarify three relevant statistical issues for each individual-level models: assessment of the uncertainty of parameter estimates obtained from a wrong model, the use of shrinkage estimation method for simultaneous estimation of many parameters, and the necessity of sensitivity analysis rather than adhering to one seemingly most compelling assumption.     

The boomerang effect of psychological interventions

Research has found that teaching people about psychological biases can help counteract biased behavior. On the other hand, due to the innate need for preservation of a positive self-image, it is likely that teaching people about biases they hold, may cause a boomerang effect in cases where being associated with a specific bias implies negative social connotations. In the three studies below we examine situations in which psychological bias implies negatively associated behavior, and show that teaching people about bias in those contexts can be counterproductive.     

Competing for the diaspora's influence at home: party structure and transnational campaign activity in El Salvador

ABSTRACT

How do parties in migrant-sending countries engage with the diaspora? Migrants exercise an increasingly important voice in electoral politics in their home countries, though they often either cannot legally vote or vote in very low numbers, yet parties attempt to leverage the influence they believe migrants have over voters at home. However the degree and manner by which parties reach out to diaspora citizens varies widely. A case study of El Salvador points to party organisation as a determinant of variation among parties in diaspora campaigning, based on interviews with Salvadoran party elites in the U.S. and El Salvador, party documents, and historical comparison of campaign activities of El Salvador's two major parties, ARENA and FMLN, over three presidential elections and one mayoral election. FMLN, with a hierarchical model and base committee structure, more effectively mobilizes diaspora support while ARENA, with a horizontal model and sectoral structure, exhibits difficulties in party-diaspora coordination and largely makes indirect and symbolic references to diaspora issues.     

公司相互持股法律问题研究

公司相互持股是公司间互相持有对方的股份,成为彼此的股东。相互持股在某种程度上可以促进规模经济的发展,但是它也会给现行法律带来许多制度构架和适用上的问题。世界各国或地区的法律大都对公司相互持股有所规制,以期尽可能减少公司相互持股对经济发展和法律制度的不利影响,而发挥其有利的作用。     

Why do newcomers vote for a newcomer? Support for an immigrant party

This article studies the voters of DENK, the first immigrant party to gain seats in a national parliament. It builds further on the existing literature on how immigrants and people from immigrant descent vote in Western European countries. From the literature we derive seven expectations about the kind of voters that are likely to vote for an immigrant party in terms of their political cynicism, attitudes towards economic, globalisation and moral issues. We find that DENK voters are younger Muslims, who have conservative views on moral matters, cynical attitudes towards politics, right-wing views on economic matters and progressive views on issues that pertain to the globalisation dimension, such as immigration, integration and Islam and in particular discrimination. This article uses VAA data to construct a matched sample that in terms of key variables is representative for voters with and without a migration background.     

Calculable Power: A Case Study of IMF Quotas and Voting Rights Reform*

Voting procedure is an important mechanism for public choice in collective bodies such as international organizations. This paper measures and compares IMF member countries’ voting power before the 2008 reform and after the 2010 reform on the basis of datasets on IMF quotas and voting rights distribution provided by IMF. Our study verifies that IMF’s quotas and voting rights reforms do help to reduce the voting power gap among member countries. The 2008 and 2010 reforms produce a greater improvement in emerging members’ voting power under the 70 percent majority rule than the 85 percent rule; the 70 percent majority rule means the United States would lose its absolute veto. Moreover, the paper disproves the underlying assumption that regards a member’s voting power as proportional to its voting rights. Countries with different amounts of voting rights can still have the same voting power.     

论股权分置改革中的流通股股东保护

本次股权分置改革是非流通股股东通过市场交易的方式来购买其所持股票的流通权的过程,然而双方就支付价格进行讨价还价时,流通股股东处于明显的弱势地位。为了推动股权分置改革继续顺利进行,证券监管机构要进一步完善投票表决制度,切实保护流通股股东的权益。     

Another Issue Comes Out: Gay Rights Policy Voting in Recent U.S. Presidential Elections

Drawing from the theory of policy voting, this study examines the impact of opinions about gay rights on voting for presidential candidates. Qualitative analysis of the major party platforms and candidate campaign rhetoric from the six presidential elections held between 1988 and 2008 indicates that Democratic and Republican presidential candidates began openly expressing opposing positions on gay rights issues in 1992. Quantitative analysis of public opinion shows that, starting in 1992 and continuing through 2008, gay rights issues became more salient to the public, and opinions about gay rights began to exert a significant effect on vote choice. The study concludes with a discussion of the partisan forces that shaped the electoral significance of gay rights issues during the period from 1988 to 2008 and speculation about the role of gay rights issues in shaping future partisan electoral strategy.     

法律行为框架中的股东表决权制度探析

表决权在资本多数决的股东大会决议机制下分化为意思表达权和形成权两种性质各异的权利,其原因在于股东大会决议行为的特殊法律行为属性和特殊法律效力,在于股东表决的不同性质——意思通知和单方法律行为,并由此导致对一系列关乎股东表决权的制度的重新评价和审视,如表决权排除、类别股东表决、异议股东股份购买请求权以及资本多数决的决议机制等。