Showing 1 - 10 of 47
mechanism of dispute resolution within the framework of a disciplinary mode of administrative law within a bureaucratic … and Western Europe, it reveals the importance of political institution, legal regime and the growth of jurisprudence that …
Persistent link: https://www.econbiz.de/10009024930
when the descriptive and prescriptive norms conflict. The next main question is the expressive role of law. The choices of … also what shapes social judgements and moral sentiments. Setting law thus means both imposing material incentives and … analysis, combining an informed principal with individually signaling agents, makes precise the notion of expressive law …
Persistent link: https://www.econbiz.de/10009371470
which firms set efficiency wages to prevent shirking and to compensate workers for commuting. We show that both wages and … unemployment depend on commuting costs, and that housing prices as well as location are based on workers’ wages. We then extend the …
Persistent link: https://www.econbiz.de/10005666637
because of stochastic shocks to commuting decisions, which yield a gravity equation for commuting flows. To structurally …
Persistent link: https://www.econbiz.de/10011083978
We study the tension between competitive screening and contract enforcement where a principal trades repeatedly with one among several agents, moral hazard and adverse selection coexist, and non-contractible dimensions are governed by relational contracting. We simultaneously characterize...
Persistent link: https://www.econbiz.de/10005082534
. To realize the gains from international cooperation requires reputation; and to realize the gains from reputation … requires cooperation. Moreover, cooperative policies with reputation are found to be sustainable; and the joint gains from … cooperation and reputation are found to be considerable. …
Persistent link: https://www.econbiz.de/10005662252
This paper considers fiscal policy coordination in a European Economic and Monetary Union (EMU). We use an overlapping generations model which leads to departures from Barro-Ricardian neutrality. In our calibrated model, however, we find these departures to be rather small. Two models are...
Persistent link: https://www.econbiz.de/10005662412
We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...
Persistent link: https://www.econbiz.de/10005666580
inconsistency problem. They assume that policy-makers suffer a loss of reputation if they renege on earlier commitments. With this …
Persistent link: https://www.econbiz.de/10005666643
We consider independent monetary policy committees as a simple way of attaining relatively low inflation without completely sacrificing the stabilization role of monetary policy. If central banker's types are unknown, then for a wide range of parameters an independent monetary policy committee...
Persistent link: https://www.econbiz.de/10005666817