Showing 1 - 10 of 33
We offer a simple general equilibrium model to analyze how economy-wide forces (i.e. shocks to terms of trade, technology and endowments) will affect the intensity of social conflict over the distribution of resources. Examples of conflict activities range from crime to civil war. We show that...
Persistent link: https://www.econbiz.de/10005063727
In this paper we model the interaction between parties and candidates to highlight the mechanisms by which parties selecting candidates may discipline legislators. Parties are long-lived institutions providing incentives to short-lived candidates. Citizens have preferences over a multimentional...
Persistent link: https://www.econbiz.de/10005699610
Using data from the Mid-Atlantic surf clam and ocean quahog fishery, we find that firms with a preference for extreme, rather than moderate, policies are much more likely to participate in public meetings where regulation is determined. We also find that participation rates are higher for...
Persistent link: https://www.econbiz.de/10005702671
Why would a political elite voluntarily dilute its political power by extending the voting franchise? This paper develops a dynamic recursive framework for studying voter enfranchisement. We specify a class of dynamic games in which political rights evolve over time. Each period, private...
Persistent link: https://www.econbiz.de/10005342280
In this paper a public bureau can extract surplus value from the services it provides not only by misrepresenting its production costs to its oversight committee but also by influencing the perceptions of the legislative body such as the parliament or the congress and the public at large by...
Persistent link: https://www.econbiz.de/10005063617
This paper provides new evidence on the relevance of alternative theories of federal budget allocation to US States. Using a panel of 48 states over 20 years, we estimate the size and relative importance of different institutional and political factors in determining such allocation. We find...
Persistent link: https://www.econbiz.de/10005129789
En este estudio, se evalúa la importancia de las transferencias intergubernamentales sobre el esfuerzo fiscal realizado por los gobiernos locales, así como, el impacto que tienen sobre el nivel de actividad local en el Perú. Usando una base de datos de panel para los municipios distritales y...
Persistent link: https://www.econbiz.de/10005129790
According to globalization, certain kinds of public goods, which used to be working as the goods just in a national economy, are getting internationalized or released for foreigners as well. In addition, those goods often exhibit differentiated features for a certain degree. The goods as such...
Persistent link: https://www.econbiz.de/10005342357
Ascending price clock auctions with drop-out information typically yield outcomes closer to equilibrium predictions than do comparable sealed-bid auctions. However clock auctions require congregating all bidders for a fixed time interval, which has limited field applicability and introduces...
Persistent link: https://www.econbiz.de/10005063602
We consider a multi-awards generalization of King Solomon's problem: $k$ identical and indivisible awards should be distributed among $n$ agents, $k<n$, with the top $k$ valuation agents receiving the awards. Agents have complete information about each others' valuations. Glazer and Ma (1989) analyzed the single-prize (i.e., $k=1$) version of this problem. We show that in the `more than two agents' problem the mechanism of Glazer and Ma admits inefficient equilibria and thus fails to solve Solomon's problem. So, first we modify their mechanism to rule out inefficient equilibria and implement efficient prize allocation in subgame perfect equilibrium when there are at least three agents. Then it is shown that a simple repeated application of our modified mechanism will distribute $k\;(>1)$ prizes efficiently in subgame perfect equilibria without any monetary transfers in equilibrium. Finally, in the multi-awards case we relax the...</n$,>
Persistent link: https://www.econbiz.de/10005063719