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Lobbying, innovation and protectionist cycles

Sánchez, Gabriel - Department of Economics and Business, Universitat … - 1998

so by focusing on the use of lobbying for protection by import competing firms as a means to postpone costly product …, it will be optimal to adjust quality and to decrease the lobbying effort at some time, leading to liberalization and … technological catch-up. But then the equilibrium tariff will again be small and "cheap", and it will pay to start lobbying anew …

Persistent link: https://www.econbiz.de/10005772449

Toward a theory of labor market institutions

Paul, Gilles Saint - Department of Economics and Business, Universitat … - 1999

Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

Persistent link: https://www.econbiz.de/10005772279

Shrouded costs of government: The political economy of state and local public pensions

Glaeser, Edward L.; Ponzetto, Giacomo A. M. - Department of Economics and Business, Universitat … - 2012

Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' and government employees' votes by promising compensation packages, but some voters cannot...

Persistent link: https://www.econbiz.de/10010849602

Building a reputation as a socially responsible firm

Calveras, Aleix; Ganuza, Juan José - Department of Economics and Business, Universitat … - 2014

.g., through lobbying of the media), which might reduce the supply of the credence attributes and even harm firms themselves. As a …

Persistent link: https://www.econbiz.de/10010849622

Should different people have different governments?

Boffa, Federico; Piolatto, Amedeo; Ponzetto, Giacomo A. M. - Department of Economics and Business, Universitat … - 2011

The classic theory of fiscal federalism suggests that different people should have different governments. Yet, separate local governments with homogeneous constituents often end up doing poorly. This paper explains why and answers three questions: when regions are heterogeneous, what determines...

Persistent link: https://www.econbiz.de/10010849630

Estimating Bayesian decision problems with heterogeneous priors

Hansen, Stephen Eliot; McMahon, Michael - Department of Economics and Business, Universitat … - 2013

In many areas of economics there is a growing interest in how expertise and preferences drive individual and group decision making under uncertainty. Increasingly, we wish to estimate such models to quantify which of these drive decision making. In this paper we propose a new channel through...

Persistent link: https://www.econbiz.de/10010849638

Social capital, government expenditures, and growth

Ponzetto, Giacomo A. M.; Troiano, Ugo - Department of Economics and Business, Universitat … - 2012

We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under- invest in education, whose...

Persistent link: https://www.econbiz.de/10009652113

A foundation for strategic agenda voting

Apesteguia, Jose; Ballester, Miguel; Masatlioglu, Yusufcan - Department of Economics and Business, Universitat … - 2012

We offer complete characterizations of the equilibrium outcomes of two prominent agenda voting institutions that are widely used in the democratic world: the amendment, also known as the Anglo-American procedure, and the successive, or equivalently the Euro-Latin procedure. Our axiomatic...

Persistent link: https://www.econbiz.de/10009493739

Heterogeneous information and trade policy

Ponzetto, Giacomo A. M. - Department of Economics and Business, Universitat … - 2008

Protectionism enjoys surprising popular support, in spite of deadweight losses. At the same time, trade barriers appear to decline with public information about protection. This paper develops an electoral model with heterogeneously informed voters which explains both facts and predicts the...

Persistent link: https://www.econbiz.de/10009645443

What social security: Beveridgean or Bismarckian?

Conde, J. Ignacio; Profeta, Paola - Department of Economics and Business, Universitat … - 2002

Why are Bismarckian social security systems associated with larger public pension expenditures, a smaller fraction of private pension and lower income in-equality than Beveridgean systems? These facts are puzzling for political economy theories of social security which predict that Beveridgean...

Persistent link: https://www.econbiz.de/10005704929