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Fiscal Union Consensus Design under the Risk of Autarky
Luque, Jaime; Morelli, Massimo; Tavares, José - C.E.P.R. Discussion Papers - 2011
Inspired by the current debate over the future of the monetary union in Europe, this paper provides a simple model for the determination of the conditions of survival of the common good, which requires the creation of an effective fiscal union. We highlight the importance of institutional design...
Persistent link: https://www.econbiz.de/10009283396
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Measuring Political Information Rents: Evidence from the European Agricultural Reform
Grüner, Hans Peter; Muller, Daniel - C.E.P.R. Discussion Papers - 2013
This paper develops a method to estimate information rents of losers of a reform who receive a monetary compensation. Our method explicitly accounts for survey respondents' reluctance to reveal a willingness to accept which is smaller than the actual compensation. We apply our approach to the...
Persistent link: https://www.econbiz.de/10011083574
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Disenfranchisement in Linguistically Diverse Societies: The Case of the European Union
Ginsburgh, Victor; Ortuño-Ortín, Ignacio; Weber, Shlomo - C.E.P.R. Discussion Papers - 2005
We consider a linguistically diversified society that has to select a set of official languages. We examine the notion of language disenfranchisement that is created when one or more languages fail to be included in the list of the official ones, implying that some individuals are denied full...
Persistent link: https://www.econbiz.de/10005662142
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The Origins of State Capacity: Property Rights, Taxation, and Politics
Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2007
Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens. However, this starting point cannot easily be taken for granted in many states, neither in history nor in the developing world of today. This paper develops a framework where...
Persistent link: https://www.econbiz.de/10005662311
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An Experimental Study of Storable Votes
Casella, Alessandra; Gelman, Andrew; Palfrey, Thomas R - C.E.P.R. Discussion Papers - 2003
The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary decisions. Each member is allocated a fixed budget of votes to be cast as desired over the multiple decisions. Voters are induced to spend more votes on those decisions that...
Persistent link: https://www.econbiz.de/10005662312
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Do Benevolent Aspects Have Room in Explaining EU Budget Receipts?
Kauppi, Heikki; Widgrén, Mika - C.E.P.R. Discussion Papers - 2008
This paper evaluates the determination of receipts from EU budget by considering a richer institutional structure than in earlier studies. We assume that the member states have self-interested objectives in CM trying to minimize their contributions within the given framework of the EU budget...
Persistent link: https://www.econbiz.de/10005666405
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Why are European Countries Diverging in their Unemployment Experience?
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2004
During the nineties, unemployment fell in a number of European countries while it remained high in others. This Paper discusses potential causes for that evolution in light of recent economic research, emphasizing obstacles to reform due to political constraints, the prevalence of ideology, and...
Persistent link: https://www.econbiz.de/10005666504
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Institutions as the Fundamental Cause of Long-Run Growth
Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2004
This Paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two ‘quasi-natural experiments’ in history, the...
Persistent link: https://www.econbiz.de/10005666917
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Preferences for Rigid Versus Individualized Wage Setting
Boeri, Tito; Burda, Michael C - C.E.P.R. Discussion Papers - 2004
bargaining in a standard model of equilibrium unemployment, in which workers vary by observable skill. Rigid wages permit savings … on renegotiation costs and prevent workers from exploiting the firing friction. For standard calibrations, the model can … account for political support for wage rigidity by both workers and firms, especially in labour markets for intermediate …
Persistent link: https://www.econbiz.de/10005666920
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Is the Allocation of Voting Power Among the EU States Fair?
Laruelle, Annick; Widgrén, Mika - C.E.P.R. Discussion Papers - 1996
This paper assesses the current distribution of voting power in the EU Council of Ministers in terms of fairness. The aim of this paper is three-fold. First, we define fairness in the European context and discuss the potential definitions of the European Union; a state, an association of states...
Persistent link: https://www.econbiz.de/10005667000