Showing 1 - 10 of 124
Governments do not have perfect information regarding the priorities and the needs of different groups in the economy. This lack of knowledge opens the door for different groups to lobby the government in order to receive the government's support. We set up a model of hierarchical contests and...
Persistent link: https://www.econbiz.de/10011412469
In this paper, I analyze the pros and cons of implementing structural reforms of the labor market in booms vs. recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine tuning. While the optimal timing of a reform depends on the relative importance...
Persistent link: https://www.econbiz.de/10011414121
This paper looks at the financial resources of trades unions in the UK, both updating previous work and attempting to understand the management of first and second order collective action problems. First order problems refer to the problems of initiating collective action and second order...
Persistent link: https://www.econbiz.de/10011502561
It is widely believed that politicians allocate public resources in ways to maximize political gains. But what is less clear is whether this comes at a cost to welfare; and if so, whether alternative electoral rules can help reduce these costs. In this paper, we address both of these questions by...
Persistent link: https://www.econbiz.de/10011449560
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10011452045
In this article, we lay out the basic case for wellbeing as the goal of government. We briefly review the history of this idea, which goes back to the ancient Greeks and was the acknowledged ideal of the Enlightenment. We then discuss possible measures on which a wellbeing orientation could be...
Persistent link: https://www.econbiz.de/10012129995
In this article, we empirically study the survival of the ruling party in parliamentary democracies using a hazard rate model. We define survival of a crisis as being successful in a critical vote in the parliament. We develop a general probabilistic model of political crises and test it...
Persistent link: https://www.econbiz.de/10012019199
Population ethics is widely considered to be exceptionally important and exceptionally difficult. One key source of difficulty is the conflict between certain moral intuitions and analytical results identifying requirements for rational (in the sense of complete and transitive) social choice...
Persistent link: https://www.econbiz.de/10012062726
Economic incentives play a key role in the decision to run for office, but little is known on how they shape immigrants' selection into candidacy. We study this question using a two-period Roy model and show that if returns to labour market experience are higher for migrants than natives,...
Persistent link: https://www.econbiz.de/10012121317
Many European labor markets are characterized by heavy employment protection taxes and the widespread use of fixed-duration contracts. The simultaneous use of these two policy instruments seems somewhat contradictory since the former primarily aims at limiting job destruction whereas the latter...
Persistent link: https://www.econbiz.de/10011391776