Showing 1 - 10 of 73
The economic performances of oil exporting countries reveal a counter intuitive phenomenon: natural wealth is a limit for growth opportunities. Development experiences of many oil exporting countries prove that the possession of natural resources is often transformed into a curse. The literature...
Persistent link: https://www.econbiz.de/10010752620
This paper explores the conditions under which anti-corruption initiatives are launched in Bulgaria and their impact on … struggle within the judiciary, the government, and ruling parties. Our case-study suggests that anti-corruption campaigns … external norms. Finally, it departs from analyses of anti-corruption policies that oppose (positive) EU pressures and local …
Persistent link: https://www.econbiz.de/10010707641
This article aims at studying the impact of return on education on criminal behaviour. A dynamic model of time allocation between investment in human capital, labour and criminal activity is developed, assuming that these activities are substitutable and endogenous. Our attention focuses on the...
Persistent link: https://www.econbiz.de/10011073196
workers perceive greater job security in countries where employment is strongly protected by the law, and relatively more so …
Persistent link: https://www.econbiz.de/10010707985
The private long-term care insurance (LTCI) market is a puzzle, in France and in several developed countries (United-States, Spain, etc. . . ). The long-term care insurance market is small, yet long-term care is one of the largest uninsured financial risks facing the elderly. In addition public...
Persistent link: https://www.econbiz.de/10011074640
Voting records indicate that dissents in monetary policy committees are frequent and predictability regressions show that they help forecast future policy decisions. In order to study whether the latter relation is causal, we construct a model of committee decision making and dissent where...
Persistent link: https://www.econbiz.de/10010706698
This paper develops a model where the value of the monetary policy instrument is selected by a heterogenous committee engaged in a dynamic voting game. Committee members differ in their institutional power, and in certain states of nature, they also differ in their preferred instrument value....
Persistent link: https://www.econbiz.de/10010707538
We study a legislature where decisions are made by playing an agenda-setting game. Legislators are concerned about their electoral prospects but they are also genuinely concerned for the legislature to make the correct decision. We show that when ideological polarization is positive but not too...
Persistent link: https://www.econbiz.de/10010708462
Given an argumentation framework and a group of agents, the individuals may have divergent opinions on the status of the arguments. If the group needsto reach a common position on the argumentation framework, the question is how the individual evaluations can be mapped into a collective one....
Persistent link: https://www.econbiz.de/10010708542
This short paper employs individual voting records of the Monetary Policy Committee (MPC) of the Bank of England to study heterogeneity in policy preferences among committee members. The analysis is carried out using a simple generalization of the standard New Keynesian framework that allows...
Persistent link: https://www.econbiz.de/10010708693