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We study the effect of franchise extension on the fiscal structure of central and local governments in the United Kingdom between 1820 and 1913 to revisit the Redistribution Hypothesis - the prediction that franchise extension causes an increase in state-sponsored redistribution. We adopt a...
Persistent link: https://www.econbiz.de/10012171826
We investigate the choice of quality, or academic content, in higher education in a two-sector model. Individuals are … differentiated according to their cost of acquiring human capital. A higher academic quality increases productivity upon training … quality is tailored to the individual need, and a uniform quality system being politically determined. The former yields a …
Persistent link: https://www.econbiz.de/10011309225
the effect of connecting a household to the grid and the quality of electricity, defined as hours of daily supply. The … quality of electricity (in terms of fewer outages and more hours per day) increases non-agricultural incomes by about 28 …
Persistent link: https://www.econbiz.de/10010199696
exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and … choice of lower-quality products dominates the price distortion effect resulting from credit constraints. However, a … competing theory based on the alternative assumption that quality is exogenous across firms would predict completely opposite …
Persistent link: https://www.econbiz.de/10009786048
This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have incentives to choose projects with higher risk and a higher potential in order to reduce expected commercialization costs. However, entrepreneurs may still select too safe projects from...
Persistent link: https://www.econbiz.de/10011549385
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality …. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher … quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is …
Persistent link: https://www.econbiz.de/10011384454
' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build … a model of consumer search with firms' endogenous quality decisions. In this model, lower search costs reallocate demand … toward higher-quality producers, raising firms' incentives to upgrade quality, and more so for firms selling ex-ante lower-quality …
Persistent link: https://www.econbiz.de/10013285520
I consider a contest in which the quantity of output is rewarded and another in which the quality of output is rewarded …. The output in the quality contest plays a dual role. It counts in the quality contest but it is also converted into … . I find that when the unit cost of producing quality is sufficiently high, then treating quality and quantity as the same …
Persistent link: https://www.econbiz.de/10011864509
because they sell higher demand/quality products. Finally, while the correlation between firm revenue TFP and firm size is …
Persistent link: https://www.econbiz.de/10012211220
bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per … smaller in magnitude for higher quality exports. We find strong support for the predictions of the model using a unique data … set of Argentinean firm-level wine exports combined with experts wine ratings as a measure of quality. …
Persistent link: https://www.econbiz.de/10012157845