We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … theory for constitutionally legislated term limits is also discussed. The theory sheds light on why left-wing parties or …

wage gap. Policy simulation results suggest that, relative to reducing the wage cost of part-time work, providing …

power. We perform a simulation study and apply the results to a case study where the interest lies in evaluating the effect …

-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that …-specific constants leads to the development of a simulation procedure consistent with the comparative statics interpretation. The …