The birth of children often shifts the power balance within a family. If family decisions are made according to the … spouses' welfare function, this shift in power may lead to a time consistency problem. The allocation of resources after the …, families try to mitigate the ex-ante undesired shift in the power balance. This bias in fertility choices provides scope for …

three most important issues in the field: (1) the evolution of the power to tax in (what are now) the mature constitutional …

distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are … show that rents can promote political stability, but only when the political power is sufficiently concentrated. Indeed, if …

given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies … power. Our second result clarifies how the success of an interest group hinges on the dominance of its ideology in the … ideological predispositions and power on the efforts of the interest groups …

consistent with Pareto efficiency. As applications, we discuss when power spillovers occur and we identify human relation …We integrate individual power in groups into general equilibrium models. The relationship between group formation …, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via …

restore the efficiency of equilibria …

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …