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The Dynamics of Exclusion and Fiscal Conservatism

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...

Persistent link: https://www.econbiz.de/10005136638

The Complexity of Economic Policy: I. Restricted Local Optima in Tax Policy Design

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

Economists traditionally tackle normative problems by computing optimal policy, ie the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I call...

Persistent link: https://www.econbiz.de/10005504617

Do Men and Women Economists Choose the Same Research Fields?: Evidence From Top 50 Departments

Almunia, Miguel; Dolado, Juan J.; Felgueroso, Florentino - C.E.P.R. Discussion Papers - 2005

This paper describes the gender distribution of research fields chosen by the faculty members in the top 50 Economics departments, according to the rankings available on the Econphd.net website. We document that women are unevenly distributed across fields and test some behavioural implications...

Persistent link: https://www.econbiz.de/10005114421

Resetting the Urban Network: 117-2012

Michaels, Guy; Rauch, Ferdinand - C.E.P.R. Discussion Papers - 2013

Do locational fundamentals such as coastlines and rivers determine town locations, or can historical events trap towns in unfavorable locations for centuries? We examine the effects on town locations of the collapse of the Western Roman Empire, which temporarily ended urbanization in Britain,...

Persistent link: https://www.econbiz.de/10011083231

Investment Dynamics in Markets with Endogenous Demand

Vettas, Nikolaos - C.E.P.R. Discussion Papers - 1998

In several interesting markets, demand is an increasing function of past sales because of learning, network externalities or fashion. This paper examines entry into such markets. The two key elements of the model are that firms are uncertain about the demand (and learn in a Bayesian fashion) and...

Persistent link: https://www.econbiz.de/10005661583

On the Selection of Arbitrators

de Clippel, Geoffroy; Eliaz, Kfir; Knight, Brian - C.E.P.R. Discussion Papers - 2011

. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem …

Persistent link: https://www.econbiz.de/10009399707

Budgeting versus implementing fiscal policy in the EU

Beetsma, Roel; Giuliodori, Massimo; Wierts, Peter - C.E.P.R. Discussion Papers - 2009

implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned … by the implementation errors, (3) there is a limited role for "traditional" political variables, (4) stock … their implementation benefit from stronger national fiscal institutions. We emphasise also the importance of credible plans …

Persistent link: https://www.econbiz.de/10005041099

All-Pay Auctions: Implementation and Optimality

Jönsson, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013

This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...

Persistent link: https://www.econbiz.de/10011084454