democracy in 1974 till the crisis of 2009. The econometric investigation is based on a model in which two political parties … determined expenditure and tax targets, subject to a debt accumulation equation. The model predicts a political equilibrium in …. However, this stabilization incentive is weaker in election years. The model also predicts potential partisan differences in …

data and nonparametric joint (or conditional) densities estimated from data simulated out of the model of interest. Sample … data and model-simulated data are smoothed with the same kernel. This makes the SNE: 1) consistent independently of the …-likelihood estimator as soon as the model is Markov in the observable variables. The methods are flexible, simple to implement, and fairly …

) densities of sample data and nonparametric joint (and/or conditional) densities estimated from data simulated out of the model … of interest. Sample data and model-simulated data are smoothed with the same kernel. This makes the estimator: 1 …

, therefore, the decision outcome. We explore these relationships in an agent-based model; drawing on concepts from environmental … risk science, decision psychology and computer simulation. A two-agent model that accounts for the sufficiency of evidence … is applied to decisions about salt intake, animal carcass disposal and radioactive waste. A dynamic version of the model …

failure of meritocracy that reduces a firm’s Total Factor Productivity. We present a simple model that studies the … macreconomic causes and consequences of dynastic management. In our model, the incidence of dynastic management depends, among …