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Despite the presumed importance of a strong state in the development process, there has been very little empirical work … assessing the state’s ability to exercise power in isolated areas and understanding the means through which the state exerts … that power. This paper begins to fill this gap in the literature by examining the relationship between state power and …
Persistent link: https://www.econbiz.de/10010881177
information through these quality signals and consumer choices. In this paper, we explore 1) whether the credibility of an … representative sample of 460 US consumers and analyzed through structural equation modeling. The results show that credibility …
Persistent link: https://www.econbiz.de/10009020948
Recent work on optimal monetary and fiscal policy in New Keynesian models suggests that it is optimal to allow steady-state … to service. We demonstrate that this temptation is only eliminated if following shocks, the new steady-state debt is … the credibility of commitment policy by considering a quasi-commitment policy which allows for different probabilities of …
Persistent link: https://www.econbiz.de/10010879000
Recent work on optimal monetary and fiscal policy in New Keynesian models suggests that it is optimal to allow steady-state … to service. We demonstrate that this temptation is only eliminated if following shocks, the new steady-state debt is … the credibility of commitment policy by considering a quasi-commitment policy which allows for different probabilities of …
Persistent link: https://www.econbiz.de/10010879015
The fact that trade, and especially agricultural trade, remains far from free is puzzling, since the superiority of free trade receives overwhelming support among economists (Gawande and Krishna, 2003; Rodrik, 1994). International trade scholars have devoted significant resources to forecasting the...
Persistent link: https://www.econbiz.de/10009020997
Global food commodity price inflation beginning in 2006 and continuing through mid-2008 became a priority concern for global consumers, producers and policy-makers alike. In response, many governments across the world implemented policies targeting high food commodity prices in their domestic...
Persistent link: https://www.econbiz.de/10009024941
Agricultural input subsidies often have implicit or explicit political economy objectives. Using panel data from Zambia, this article empirically tests whether election outcomes affect targeting of subsidized fertilizer and whether fertilizer subsidies win votes. Results suggest that the Zambian...
Persistent link: https://www.econbiz.de/10010916073
This paper applies a multi-tasking model of moral hazard to study the delegation of regulatory authority for health and environmental risks. The model characterizes the conditions under which single and multiple bureaucratic agencies are optimal, and relates these findings to discussions of...
Persistent link: https://www.econbiz.de/10005807713
I consider a variation of Coasian bargaining as a policy instrument for internalizing intergenerational externalities. The variation involves appointing a contemporary party to represent the interests of the affected parties who are currently unable to represent themselves, either because they...
Persistent link: https://www.econbiz.de/10009002476
We examine the extent to which economic development reduces both a country's disaster risk and its social vulnerability to climate-related disasters. Global climate change is expected to increase the frequency and intensity of extreme weather events, such as droughts, floods, and various types...
Persistent link: https://www.econbiz.de/10009002488