Showing 1 - 10 of 173
. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they … importantly, the winning rebate. Interestingly, we also find that the probability that the same firm is awarded more auctions, or … of favoritism in repeated procurement auctions, where time reveals collusive types, thus increasing the value of illegal …
Persistent link: https://www.econbiz.de/10010269756
. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they … importantly, the winning rebate. Interestingly, we also find that the probability that the same firm is awarded more auctions, or … of favoritism in repeated procurement auctions, where time reveals collusive types, thus increasing the value of illegal …
Persistent link: https://www.econbiz.de/10008506079
The possible negative consequences of Artificial Intelligence (AI) have given rise to calls for public policy to ensure that it is safe, and to prevent improper use and misuse. Human-centered AI (HCAI) draws on ethical principles and puts forth actionable guidelines in this regard. So far...
Persistent link: https://www.econbiz.de/10012497922
The monopoly position of the public bureaucracy in providing public services allows government employees to acquire rents. Those rents can involve higher wages, monetary and non-monetary fringe benefits (e.g. pensions and staffing), and/or bribes. We propose a direct measure to capture the total...
Persistent link: https://www.econbiz.de/10010267660
There is a clear and persistent inequality of bureaucratic employment between individuals with a bureaucrat parent and those without. Using the recent anti-corruption campaign in China as a quasi-experiment, we investigate how endeavors for counter-corruption affect inequality and potential...
Persistent link: https://www.econbiz.de/10013426418
The monopoly position of the public bureaucracy in providing public services allows government employees to acquire rents. Those rents can involve higher wages, monetary and non-monetary fringe benefits (e.g. pensions and staffing), and/or bribes. We propose a direct measure to capture the total...
Persistent link: https://www.econbiz.de/10005700927
We consider an economy in which firms need to invest in capital before they can advertise a job, while applicants may have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our first result shows that the economy always generates the...
Persistent link: https://www.econbiz.de/10010261761
We consider an economy in which firms need to invest in capital before they can advertise a job, while applicants may have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our first result shows that the economy always generates the...
Persistent link: https://www.econbiz.de/10005703500
An arms race for an artificial general intelligence (AGI) would be detrimental for and even pose an existential threat to humanity if it results in an unfriendly AGI. In this paper an all-pay contest model is developed to derive implications for public policy to avoid such an outcome. It is...
Persistent link: https://www.econbiz.de/10011931702
We study the efficiency and distributional consequences of establishing and abolishing the draft in a dynamic model with overlapping generations, taking into account endogenous human capital formation as well as government budget constraints. The introduction of the draft initially benefits the...
Persistent link: https://www.econbiz.de/10010262660