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This paper investigates the impact of regional integration on the incentives for local governments to finance general human capital in a context of oligopsonistic labor markets, where firm's specific skills are obtained through specific training. General human capital increases both a worker's...
Persistent link: https://www.econbiz.de/10005170223
We analyze a model of "postelection politics", in which (unlike in the more common Downsian models of "preelection politics") politicians cannot make binding commitments prior to elections. The game begins with an incumbent politician in office, and voters adopt reelection strategies that are...
Persistent link: https://www.econbiz.de/10005342283