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Lobbying, innovation and protectionist cycles

Sánchez, Gabriel - Department of Economics and Business, Universitat … - 1998

so by focusing on the use of lobbying for protection by import competing firms as a means to postpone costly product …, it will be optimal to adjust quality and to decrease the lobbying effort at some time, leading to liberalization and … technological catch-up. But then the equilibrium tariff will again be small and "cheap", and it will pay to start lobbying anew …

Persistent link: https://www.econbiz.de/10005772449

Welfare of naive and sophisticated players in school choice

Apesteguia, Jose; Ballester, Miguel A. - Department of Economics and Business, Universitat … - 2011

Two main school choice mechanisms have attracted the attention in the literature: Boston and deferred acceptance (DA). The question arises on the ex-ante welfare implications when the game is played by participants that vary in terms of their strategic sophistication. Abdulkadiroglu, Che and...

Persistent link: https://www.econbiz.de/10009323413

Predestination and the Protestant ethic

Alaoui, Larbi; Sandroni, Alvaro - Department of Economics and Business, Universitat … - 2013

This paper shows an equivalence result between the utility functions of secular agents who abide by a moral obligation to accumulate wealth and those of religious agents who believe that salvation is immutable and preordained by God. This result formalizes Weber's renowned thesis on the...

Persistent link: https://www.econbiz.de/10010603895

The biased balance: Observation, formalism and interpretation of a dissymmetric measuring device

Menestrel, Marc Le - Department of Economics and Business, Universitat … - 2007

This paper studies a balance whose unobservable fulcrum is not necessarily located at the middle of its two pans. It presents three different models, showing how this lack of symmetry modifies the observation, the formalism and the interpretation of such a biased measuring device. It argues that...

Persistent link: https://www.econbiz.de/10005772500

Social security and democracy

Sala-i-Martin, Xavier - Department of Economics and Business, Universitat … - 2002

Many political economic theories use and emphasize the process of voting in their explanation of the growth of Social Security, government spending, and other public policies. But is there an empirical connection between democracy and Social Security program size or design? Using some new...

Persistent link: https://www.econbiz.de/10005771983

Toward a theory of labor market institutions

Paul, Gilles Saint - Department of Economics and Business, Universitat … - 1999

Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

Persistent link: https://www.econbiz.de/10005772279

Cooperative games in strategic form

Hart, Sergiu; Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 2008

In this paper we view bargaining and cooperation as an interaction superimposed on a strategic form game. A multistage bargaining procedure for N players, the “proposer commitment” procedure, is presented. It is inspired by Nash’s two-player variable-threat model; a key feature is the...

Persistent link: https://www.econbiz.de/10005772305

A general class of adaptative strategies

Hart, Sergiu; Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 1999

We exhibit and characterize an entire class of simple adaptive strategies, in the repeated play of a game, having the Hannan-consistency property: In the long-run, the player is guaranteed an average payoff as large as the best-reply payoff to the empirical distribution of play of the other...

Persistent link: https://www.econbiz.de/10005772374

The impact of the reference price system on the pharmaceutical market: A theoretical approach

Merino, Anna - Department of Economics and Business, Universitat … - 2000

This article analyses the impact of the reference price system on the price-setting strategies of the pharmaceutical firms and on the level of generic usage. This model is the first to take explicitly into account the impact of the reference price mechanism on the level of competition between...

Persistent link: https://www.econbiz.de/10005827432

Competition and cost overruns. Optimal misspecification of procurement contracts

Ganuza, Juan J. - Department of Economics and Business, Universitat … - 1998

Most cases of cost overruns in public procurement are related to important changes in the initial project design. This paper deals with the problem of design specification in public procurement and provides a rationale for design misspecification. We propose a model in which the sponsor decides...

Persistent link: https://www.econbiz.de/10005827475