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representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of … with the rising support for socialism and the desire to divide power more broadly. Our findings shed new light on the …
Persistent link: https://www.econbiz.de/10005114374
The paper analyses the appointment of the European Commission as a strategic game between members of the EU's Council of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal...
Persistent link: https://www.econbiz.de/10005136464
where the survival of the system is at stake; that is, at its core. Here, power becomes salient. This helps explain why …
Persistent link: https://www.econbiz.de/10011084310
Multi-product firms create value by integrating functional activities such as manufacturing across business units. This integration often requires making functional managers responsible for implementing standardization, thereby limiting business-unit managers’ authority. Realizing synergies...
Persistent link: https://www.econbiz.de/10005114409
, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … communication and substantial employee discretion. (iii) Broad task assignments and intensive horizontal communication are … complementary. Hence, lower communication costs often result in less specialization. …
Persistent link: https://www.econbiz.de/10005497860
communication flows serve as important channels of diffusion. The analysis is based on examining the productivity effects of R …
Persistent link: https://www.econbiz.de/10005497902
Detailed notes on weekly meetings of the sugar-refining cartel show how communication helps firms collude, and so …
Persistent link: https://www.econbiz.de/10005504565
We examine monetary policy in the euro area from both theoretical and empirical perspectives. We discuss what theory tells us the strategy of Central banks should be and contrasts it with the one employed by the ECB. We review accomplishments (and failures) of monetary policy in the euro area...
Persistent link: https://www.econbiz.de/10005791458
The paper presents a positive model of communication in federal legislatures to study the incentives of members to … consideration, communication between delegates generally suffers from a bias that make truthful revelation difficult and sometimes …-)centralization, which revisits Oates' decentralization theorem in a world of incomplete information and strategic communication. Empirical …
Persistent link: https://www.econbiz.de/10008554245
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …
Persistent link: https://www.econbiz.de/10008558586