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Miller, Ross M. - EconWPA - 2002

between buyers and sellers, such as found in Akerlof’s lemons model and Spence’s signaling model and extends the arguments put … all qualities together (lemons) or using external indications of quality to separate them (signaling). Similarly, the …

Persistent link: https://www.econbiz.de/10005125589

“One Man, One Dollar”? Examining the equalization argument in support of campaign contribution limits

Vanberg, Christoph - EconWPA - 2005

Arguably the most important campaign finance regulations in U.S. federal elections are limits imposed on the amount that an individual or organization may donate to a federal campaign. Such contribution limits are advocated on two separate grounds. The first is that they prevent corruption, the...

Persistent link: https://www.econbiz.de/10005125869

Does It Pay To Pray? Evaluating the Economic Return to Religious Ritual

Ruffle, Bradley J.; Sosis, Richard H. - EconWPA - 2003

Time-consuming and costly religious rituals pose a puzzle for economists committed to rational choice theories of human behavior. We propose that religious rituals promote in-group trust and cooperation that help to overcome collective-action problems. We test this hypothesis on communal...

Persistent link: https://www.econbiz.de/10005062717

The Political Economy of Redistribution Under Asymmetric Information

Dhami, Sanjit - EconWPA - 2001

This paper examines the political economy of redistribution when voters have asymmetric information about the redistributive preferences of politicians and the latter cannot make credible policy commitments. The candidates in each party are endogenously selected by a process of Nash Bargaining...

Persistent link: https://www.econbiz.de/10005407535

Inventory Signals

Lai, Richard Kum-yew - EconWPA - 2005

whether it is because of poor or smart operations. We hypothesize that inventory has a signaling role. In our model, publicly … the assumptions behind this inventory signaling hypothesis: (1) the market cannot tell the difference between “good” and …

Persistent link: https://www.econbiz.de/10005413245

Strategic Trade Policy and Mode of Competition: Symmetric versus Asymmetric Information

Ionascu, Delia; Zigic, Kresimir - EconWPA - 2001

, free trade may be optimal even under the assumption of symmetric information. Due to costly signaling, this result is …

Persistent link: https://www.econbiz.de/10005556498

Convertible Exchangeable Preferred Stock

Cowan, Arnold R. - EconWPA - 1996

Convertible exchangeable preferred stock includes an option for the issuer to exchange the preferred for convertible bonds with identical pre-tax cash flows and conversion terms. In other respects this innovative corporate security is identical to traditional convertible preferred stock. The...

Persistent link: https://www.econbiz.de/10005561711

INCOME CONVERGENCE DURING THE DISINTEGRATION OF THE WORLD ECONOMY 1919-39

Milanovic, Branko - EconWPA - 2003

Some economists have argued that the process of disintegration of the world economy between the two World Wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period...

Persistent link: https://www.econbiz.de/10005076560

The Influence of Globalization on Taxes and Social Policy – an Empirical Analysis for OECD Countries

Dreher, Axel - EconWPA - 2003

Using panel regression for the period 1970-2000 the paper analyzes whether globalization has influenced the OECD … endogeneity of the regressors, the results show that globalization (measured by an index covering 23 variables) did not generally … decrease the leeway for independent economic policy. Globalization even increased implicit tax rates on capital (as calculated …

Persistent link: https://www.econbiz.de/10005076616

Is Islam really a development blockade? 12 predictors of development, including membership in the Organization of Islamic Conference, and their influence on 14 indicators of develo...

TAUSCH, Arno - EconWPA - 2005

. Our three-fold empirical understanding of the process of globalization – reliance on foreign savings, MNC penetration and …

Persistent link: https://www.econbiz.de/10005125619