Narrow search
Showing 1 - 10 of 151
Cover Image
Decentralized Trade, Entrepreneurial Investment and the Theory of Unemployment
Coles, Melvyn G - C.E.P.R. Discussion Papers - 1996
This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search and investment, so it may take some time before an...
Persistent link: https://www.econbiz.de/10005504418
Cover Image
Time to Decide: Information Search and Revelation in Groups
Campbell, Arthur; Ederer, Florian; Spinnewijn, Johannes - C.E.P.R. Discussion Papers - 2011
We analyze costly information acquisition and information revelation in groups in a dynamic setting. Even when group members have perfectly aligned interests the group may inefficiently delay decisions. When deadlines are far away, uninformed group members freeride on each others' efforts to...
Persistent link: https://www.econbiz.de/10009246605
Cover Image
Resource Allocation in the Brain
Alonso, Ricardo; Brocas, Isabelle; Carrillo, Juan D - C.E.P.R. Discussion Papers - 2011
When an individual performs several tasks simultaneously, resources must be allocated to different brain systems to produce energy for neurons to fire. Following the evidence from neuroscience, we model the brain as an organization in which a coordinator allocates limited resources to the brain...
Persistent link: https://www.econbiz.de/10009493563
Cover Image
Academic Dynasties: Decentralization and Familism in the Italian Academia
Durante, Ruben; Labartino, Giovanna; Perotti, Roberto - C.E.P.R. Discussion Papers - 2011
Decentralization can lead to "good" or "bad" outcomes depending on the socio-cultural norms of the targeted communities. We investigate this issue by looking at the evolution of familism and nepotism in the Italian academia before and after the 1998 reform, which decentralized the recruitment of...
Persistent link: https://www.econbiz.de/10009367428
Cover Image
Bargaining cum Voice
Gersbach, Hans; Haller, Hans - C.E.P.R. Discussion Papers - 2010
We propose a formal concept of the power of voice in the context of a simple model where individuals form groups and trade in competitive markets. Individuals use outside options in two different ways. Actual outside options reflect the possibility to exit or to join other existing groups....
Persistent link: https://www.econbiz.de/10008468573
Cover Image
Flexible Integration as an Efficient Decision-Making Rule
Widgrén, Mika - C.E.P.R. Discussion Papers - 1999
an incomplete contract which sets the rules of the game. The question we pose is how to combine ex ante efficiency of the … design with ex post efficiency of the outcomes in the decision-making game. The paper shows that in common policies there are … no designs that lead to both types of efficiency but flexible integration is a way to achieve both. …
Persistent link: https://www.econbiz.de/10005123705
Cover Image
Efficiency, Equity and Timing in Voting Mechanisms
Battaglini, Marco; Morton, Rebecca; Palfrey, Thomas R - C.E.P.R. Discussion Papers - 2005
for different voting costs. This generates a variety of predictions about the relative efficiency and equity of these two … voting games. We find a tradeoff between information aggregation, efficiency, and equity in sequential voting: a sequential …
Persistent link: https://www.econbiz.de/10005123765
Cover Image
Israel, the Palestinian Factions and the Cycle of Violence
Jaeger, David A; Paserman, M. Daniele - C.E.P.R. Discussion Papers - 2006
In this study we extend our previous work to examine the dynamic relationship between violence committed by Palestinian factions and that committed by Israel during the Second Intifada. We find a statistically significant relationship between Israeli fatalities claimed by groups associated with...
Persistent link: https://www.econbiz.de/10005123813
Cover Image
Sequencing and the Size of the Budget: A Reconsideration
Hallerberg, Mark; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 1997
Conventional wisdom argues that spending levels and, by extension, budget deficits will be higher for governments using bottom-up instead of top-down methods of budgeting. Ferejohn and Krehbiel (1987) appear to debunk this argument. They indicate that the superiority of one method over the other...
Persistent link: https://www.econbiz.de/10005123816
Cover Image
The European Commission - Appointment, Preferences and Institutional Relations
Napel, Stefan; Widgrén, Mika - C.E.P.R. Discussion Papers - 2006
The paper analyses the appointment of the European Commission as a strategic game between members of the EU's Council of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal...
Persistent link: https://www.econbiz.de/10005136464