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Macroeconomic Consequences of Distributional Conflicts

Schaefer, Andreas; Steger, Thomas Michael - 2021

This paper aims at better understanding the inefficiency due to distributional conflicts, which are inherent in every market economy. To this end, we set up a simple general equilibrium model with the following characteristics: two groups of agents (capitalists and workers), an endogenous income...

Persistent link: https://www.econbiz.de/10013317028

Emotions and Political Unrest

Passarelli, Francesco - 2013

This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated …

Persistent link: https://www.econbiz.de/10013084007

Weapons of Choice

Dreher, Axel - 2015

This article investigates the effect of natural resources on whether ethno-political groups choose to pursue their goals with non-violent as compared to violent means, distinguishing terrorism from insurgencies. It is hypothesized that whether or not the extraction of fossil fuels sparks...

Persistent link: https://www.econbiz.de/10013019416

What Marx Means Today

Sinn, Hans-Werner - 2017

Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …

Persistent link: https://www.econbiz.de/10012954595

Implementation of Communication Equilibria by Correlated Cheap Talk : The Two-Player Case

Vida, Peter - 2011

We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a possibly infinitely long (but...

Persistent link: https://www.econbiz.de/10013128960

Ageing, Government Budgets, Retirement, and Growth

Gonzalez-Eiras, Martín - 2011

We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...

Persistent link: https://www.econbiz.de/10013129861

Emotions in Litigation Contests

Baumann, Florian - 2011

This paper introduces the concept of emotions into the standard litigation contest. Positive (negative) emotions emerge when litigants win (lose) at trial and are dependent in particular on the level of defendant fault. Our findings establish that standard results of litigation contests change...

Persistent link: https://www.econbiz.de/10013129864

Commodity Tax Structure Under Uncertainty in a Perfectly Competitive Market

Goerke, Laszlo - 2011

In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on output for a specific (unit) tax can enhance welfare in imperfectly competitive markets and is without impact in a competitive world. This paper demonstrates that a substitution...

Persistent link: https://www.econbiz.de/10013130099

Strategic Nonlinear Income Tax Competition with Perfect Labor Mobility

Bierbrauer, Felix J. - 2011

Tax competition between two governments who choose nonlinear income tax schedules to maximize the average utility of its residents when skills are unobservable and labor is perfectly mobile is examined. We show that there are no Nash equilibria in which there is a skill type that pays positive...

Persistent link: https://www.econbiz.de/10013130417

Shall We Keep the Highly Skilled at Home? The Optimal Income Tax Perspective

Simula, Laurent - 2011

We examine how allowing individuals to emigrate to pay lower taxes abroad changes the optimal non-linear income tax scheme in a Mirrleesian economy. An individual emigrates if his domestic utility is less than his utility abroad net of migration costs, utilities and costs both depending on...

Persistent link: https://www.econbiz.de/10013130418

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