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Gersbach, Hans; Haller, Hans - CESifo - 2008

concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is …

Persistent link: https://www.econbiz.de/10005766012

Have a Break, Have a ... National Currency: When Do Monetary Unions Fall Apart?

Nitsch, Volker - CESifo - 2004

Historically, dissolutions of currency unions are not unusual. I use an annual panel data set covering 245 country pairs that use a common currency (of which 128 are dissolved) from 1948 through 1997 to characterize currency union exits. I find that departures from a currency union tend to occur...

Persistent link: https://www.econbiz.de/10005406368

Exit Dynamics of Start-up Firms: Does Profit Matter?

Golombek, Rolf; Raknerud, Arvid - CESifo - 2015

We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are … the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the …-2012, and find that both increased short-run profitability and a higher capital stock lowers the exit probability - this effect …

Persistent link: https://www.econbiz.de/10011124892

Fiscal Transfers in a Monetary Union with Exit Option

Hefeker, Carsten; Neugart, Michael - CESifo - 2015

’ inflation aversion and exit costs. …

Persistent link: https://www.econbiz.de/10011202966

Interest Groups and Government Spending in Italy, 1876-1913

Fiorino, Nadia - 2009

In the last two decades of the XIX century Italy became an industrial country. Historians maintain that this process was affected by the action of some interest groups that pursued both state protection from competition and specific public expenditure programs. Starting from the economic...

Persistent link: https://www.econbiz.de/10013157657

Repeated Lobbying by Commercial Lobbyists and Special Interests

Groll, Thomas - 2016

Using a model of repeated agency, we explain previously unexplained features of the real-world lobbying industry. Lobbying is divided between direct representation by special interests to policymakers, and indirect representation where special interests employ professional intermediaries called...

Persistent link: https://www.econbiz.de/10012994576

The Democratization of Rent Seeking in Greece

Moutos, Thomas - 2013

We describe the evolution of the power struggle in Greece among key economic and political stakeholders, who have tried, via strategic positioning and rent-seeking activities, to influence economic policy outcomes during the postwar decades. We split the postwar decades in three periods: the...

Persistent link: https://www.econbiz.de/10013078912

Identification of Voters with Interest Groups Improves the Electoral Chances of the Challenger

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, by coordinating voting behavior, these interest groups increase the winning set, which is defined as the set of policy platforms for the challenger that will defeat the...

Persistent link: https://www.econbiz.de/10013316216

Does Centralization Affect the Number and Size of Lobbies?

Redoano, Michela - 2021

Previous research has shown that if countries "merge", (i.e. move to centralized policy choices) the effect is to reduce lobbying. However empirical evidence suggests that this is not always the case. This paper attempts to explain the empirical evidence in a two-jurisdiction political economy...

Persistent link: https://www.econbiz.de/10013317103

Immunity

Reddy, Karthik; Schularick, Moritz; Skreta, Vasiliki - CESifo - 2013

Legal provisions that protect politicians from arrest and prosecution exist throughout much of the modern democratic world. Why, and with what effects, do societies choose to place their politicians above the law? We examine the institution of immunity both theoretically and empirically. Our...

Persistent link: https://www.econbiz.de/10010877744