This note analyzes the efficiency properties of the equilibrium in a multilateral bargaining game in which a legislature divides a budget among collective and particularistic goods. We extend the model of Volden and Wiseman (2007) by considering smooth utility functions and consensus...

This paper analyzes the incentives of the members of a committee to acquire skills, when they will share a fixed budget among them in ex-post negotiations. Skills are interpreted as the ability to manage a collective budget, in the sense that shares assigned to skilled agents generate positive...

Empirical studies such as Goyal, van der Leij and Moraga (2006) or Newman (2004) show that scientific collaboration networks present a highly unequal and hierarchical distribution of links. This implies that some researchers can be much more active and productive than others and, consequently,...

In this paper we investigate the connection between cost asymmetries and the sustainability of collusion within the context of a infinitely repeated Cournot duopoly. We assume that firms are able to coordinate on distinct output levels than the unrestricted joint profit maximization outcome. We...

This study proposes a novel approach for estimating the rules governing the distribution of resources among wife, husband and children, using a complete collective demand system with individual Engel effects. The model contributes to the literature by explicitly modeling intrahousehold...

Gains from the incorporation of monetary values for changes in environmental goods and services within cost-benefit analysis depend on how well researchers can estimate these values. One key problem in both stated and revealed preference approaches is how best to model preference heterogeneity....

Climate change will further exacerbate wetland deterioration, especially in the Mediterranean region. On the one side, it will accelerate the decline in the populations and species of plants and animals, this resulting in an impoverishment of biological abundance. On the other one, it will also...

Los resultados de la liquidación del nuevo modelo de financiación para el ejercicio 2009 permiten conocer al detalle la distribución de recursos entre las regiones y su comparación con el modelo anterior, señalando como principales beneficiarias aquellas que en el modelo 2001 disponían de...

Data regarding the fiscal deficits of Spanish public Administrations from 2007-2011 show a significant deviation regarding the targets fixed for this period although those stability targets were approved both by the Central Administration and the Autonomous Communities in the budgetary...

We present a model which allows us to show that strati?cation of public universities according to the quality they o¤er and the quality of students they select is a plausible result even in a public university system where tuition fees are uniform and decided by the administration. This result...