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IMF Surveillance and Financial Markets - A Political Economy Analysis
Fratzscher, Marcel - 2014
The International Monetary Fund (IMF) is in the process of re-inventing itself with bilateral and multilateral surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power that member countries exert at the IMF. First, we...
Persistent link: https://www.econbiz.de/10013069721
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Emotions and Political Unrest
Passarelli, Francesco - 2013
This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is predictable because individuals have a...
Persistent link: https://www.econbiz.de/10013084007
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Elite Capture, Political Voice and Exclusion from Aid : An Experimental Study
D'Exelle, Ben; Riedl, Arno - 2021
We experimentally study the influence of local information conditions on elite capture and social exclusion in community-based development schemes with heterogeneous groups. Not only information on the distribution of aid resources through community-based schemes, but also information on who...
Persistent link: https://www.econbiz.de/10013316477
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Why Not in Your Backyard? On the Location and Size of a Public Facility
Bellettini, Giorgio; Kempf, Hubert - 2021
introduce a common-agency lobbying game, where agents attempt to influence the location and provision decisions by the … lobbying game can replicate the optimal solution. Second, under-provision and over-provision of the public good may be obtained … an agglomeration effect. Third, some non-lobbying neighborhoods may be better off than in the case where all …
Persistent link: https://www.econbiz.de/10013316565
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On the Size of the Winning Set in the Presence of Interest Groups
Sadiraj, Vjollca; Tuinstra, Jan; Van Winden, F. A. A. M. - 2021
Interest groups are introduced in a spatial model of electoral competition between two political parties. We show that the presence of these interest groups increases the winning set, which is the set of policy platforms for the challenger that will defeat the incumbent. Therefore, interest...
Persistent link: https://www.econbiz.de/10013318642
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Globalization and State Capitalism : Assessing Vietnam's Accession to the WTO
Baccini, Leonardo - 2017
What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms we document a set of empirical regularities...
Persistent link: https://www.econbiz.de/10012947908
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Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox
Foros, Øystein - 2007
In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing relatively close substitutes by implementing a price-dependent profit-sharing rule. The rule also ensures that the downstream firms undertake investments which benefit the industry in...
Persistent link: https://www.econbiz.de/10012777494
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Airline Schedule Competition : Product-Quality Choice in a Duopoly Model
Brueckner, Jan K. - 2007
approach used in earlier papers. Consumers choose between two duopoly carriers, each of which has evenly spaced flights, by …
Persistent link: https://www.econbiz.de/10012778443
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Welfare Effects of Capital-Market Integration in the Presence of an International Duopoly
Karavitis, Panagiotis - 2019
We build a two-country model with an international duopoly and capital-market integration. We examine how the …
Persistent link: https://www.econbiz.de/10012894683
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Why Firms Should Care for All Consumers
Planer-Friedrich, Lisa - 2015
We compare the strategic potential of Corporate Social Responsibility and Customer Orientation as commitments to larger quantities in Cournot competition. In addition to profits, firms can choose to care for the surplus of either all consumers (CSR) or their own customers only (CO), and if so,...
Persistent link: https://www.econbiz.de/10013009879