Narrow search
Showing 1 - 10 of 75
Cover Image
Does competition solve the hold-up problem?
Felli, Leonardo; Roberts, Kevin - London School of Economics (LSE) - 2001
competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then … coordination failures. Different types of efficiency arise when buyers undertake investment before market competition. These …
Persistent link: https://www.econbiz.de/10010928710
Cover Image
Implementation and renegotiation
Maskin, Eric; Moore, John - London School of Economics (LSE) - 1998
The paper characterises the choice rules that can be implemented when agents are unable to commit themselves not to renegotiate the mechanism.
Persistent link: https://www.econbiz.de/10010745454
Cover Image
Endogenous lobbying
Felli, Leonardo; Merlo, Antonio - London School of Economics (LSE) - 2003
In this paper we present a citizen-candidate model of representative democracy with endogenous lobbying. We find that lobbying induces policy compromise and always affects equilibrium policy outcomes. In particular, even though the policy preferences of lobbies are relatively extreme, lobbying...
Persistent link: https://www.econbiz.de/10010746186
Cover Image
The effect of direct democracy on income redistribution: evidence for Switzerland
Feld, Lars P.; Fischer, Justina A. V.; Kirchgassner, Gebhard - London School of Economics (LSE) - 2006
There is an intensive dispute in political economics about the impact of institutions on income redistribution. While the main focus is on comparison between different forms of representative democracy, the influence of direct democracy on redistribution has attracted much less attention....
Persistent link: https://www.econbiz.de/10010746491
Cover Image
Transparency and deliberation within the FOMC: a computational linguistics approach
Hansen, Stephen; McMahon, Michael; Prat, Andrea - London School of Economics (LSE) - 2014
exploit a natural experiment in the Federal Open Market Committee in 1993 together with computational linguistic models …
Persistent link: https://www.econbiz.de/10011126043
Cover Image
Transparency and deliberation within the FOMC: a computational linguistics approach
Hansen, Stephen; McMahon, Michael; Prat, Andrea - London School of Economics (LSE) - 2014
exploit a natural experiment in the Federal Open Market Committee in 1993 together with computational linguistic models …
Persistent link: https://www.econbiz.de/10011126095
Cover Image
Testing models of distributive politics using exit polls to measure voter preferences and partisanship
Larcinese, Valentino; Snyder (Jr.), James M.; Testa, Cecilia - London School of Economics (LSE) - 2006
This paper tests various hypotheses about distributive politics by studying the distribution of federal spending across U.S. states over the period 1978-2002. We improve on previous work by using survey data to measure the share of voters in each state that are Democrats, Republicans, and...
Persistent link: https://www.econbiz.de/10011071348
Cover Image
Being the New York Times: the political behaviour of a newspaper
Puglisi, Riccardo - London School of Economics (LSE) - 2006
I analyze a dataset of news from the New York Times, from 1946 to 1997. Controlling for the incumbent President's activity across issues, I find that during the presidential campaign the New York Times gives more emphasis to topics that are owned by the Democratic party (civil rights, health...
Persistent link: https://www.econbiz.de/10010928712
Cover Image
A swing-state theory of trade protection in the electoral college
Muûls, Mirabelle; Petropoulou, Dimitra - London School of Economics (LSE) - 2008
-trade supporters in states with relatively strong electoral competition that represent a larger proportion of Electoral College votes …
Persistent link: https://www.econbiz.de/10010928735
Cover Image
Information costs, networks and intermediation in international trade
Petropoulou, Dimitra - London School of Economics (LSE) - 2008
This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information costs on endogenous network building and matching by information intermediaries. The framework innovates by examining the role of information costs on incentives for trade...
Persistent link: https://www.econbiz.de/10010745054