When winners are losers: The stalemate of Australian politics

The 1998 federal election emphasizes the fact that in Australian politics the power of the major parties remains strong both in terms of voter identification and in terms of setting the policy agenda on which political contests are fought, say Professors John Wanna and Patrick Weller from the Department of Public Policy at Griffith University, Brisbane, Australia. The results of the election nevertheless illustrate a substantial level of discontent in the community, and the term of the next government promises frequent stalemates, as the clash between the House of Representatives and the Senate makes the passing of controversial legislation difficult.     

Developments in European political science journal and electronic literature during 1997

Abstract. This article continues the annual review of developments in European political science periodical literature. The review covers not just traditional print media but also electronic publishing, and therefore begins with an overview of a pilot project in integrated electronic publishing, the lsquo;SuperJournal' project, which links a range of British–published political science journals in an electronic cluster that facilitates ease of access by individual users. We continue with a summary of developments in political science journal publishing in central and eastern Europe in the aftermath of the political upheavals after 1989. The article concludes with a listing of the contents of the 1997 issues of selected European political science journals from a range of European countries (normally, those published by national political science associations) and comments on their content.     

Clinton,Europe and Economic Diplomacy: What Makes the EU Different?

The Clinton administration's economic diplomacy has been more aggressive, politicized and controversial than that of any recent US administration. We examine its application to the European Union (EU) and seek to answer the question: what makes Europe different? Put another way, why has the US pursued cooperation on “behind-the-border” issues such as competition policy, standards and investment rules, and eschewed export promotion? We offer three explanations. First, the EU's market is unique: it is a mature, but lucrative one for large US-owned firms concerned more with behind-the-border issues than with market access issues. Second, American companies who have invested heavily in Europe have developed their own political links to the EU, particularly through the EU Committee of the American Chamber of Commerce. Third, these same companies have a powerful influence over US policy towards Europe as well as EU policymaking. Our analysis develops these three hypotheses, and also offers an assessment of the progress and meaning of the Transatlantic Business Dialogue.     

Rent-seeking in natural resource quota allocations

This paper examines the incentives for rent-seeking in the allocation of natural resource quotas to competing user groups by political bodies. The political body has discretion in making the allocation, and competing user groups rent-seek to influence the allocation. We investigate ways in which the governmental body can affect the behavior of the players by setting the ground rules for the competition. A political body can affect an allocatively (Pareto) efficient outcome by choosing an appropriate default (pre rent-seeking) policy. Surprisingly, an allocatively efficient default policy is unlikely to minimize social costs. However, winner-take-all default policies are likely to maximize, not minimize, rent-seeking. A competitive post-allocation market reduces rent-seeking, but is not, either itself or in combination with an efficient default policy, capable of minimizing social costs. However, forcing winners in political redistributions to fully compensate losers both lowers the rent-seeking levels relative to a potential compensation criterion and, when used together with an efficient default policy, is capable of obtaining the first-best solution of an allocatively efficient allocation with zero rent-seeking.     

Hedonic Estimation and Policy Significance of the Impact of HOPE VI on Neighborhood Property Values

HOPE VI was designed as a program to revitalize distressed public housing. This study uses hedonic methods to test whether projects that are rebuilt with HOPE VI funds have a positive effect on surrounding property values. Comparisons are made between HOPE VI and other types of public housing programs using data on property values by census block groups from the 2000 census. We find that HOPE VI had a statistically significant positive impact on surrounding property values on the order of 8–10% for every quarter‐mile closer that a housing unit was located to the development. Other public housing developments were found to have little if any effect on property values.