Similar Search Results

Equilibrium Tax Rates and Income Redistribution : A Laboratory Study

Agranov, Marina; Palfrey, Thomas R. - 2021

This paper reports results from a laboratory experiment that investigates the Meltzer-Richard model of equilibrium tax rates, inequality, and income redistribution. We also extend that model to incorporate social preferences in the form of altruism and inequality aversion. The experiment varies...

Persistent link: https://www.econbiz.de/10013225000

Computing Markov Perfect Nash Equilibria : Numerical Implications of a Dynamic Differentiated Product Model

Pakes, Ariel; McGuire, Paul - 2021

This paper provides an algorithm for computing Markov Perfect Nash Equilibria (Maskin and Tirole, 1988a and b) for dynamic models that allow for heterogeneity among firms and idiosyncratic (or firm specific) sources of uncertainty. It has two purposes. To illustrate the ability of such models to...

Persistent link: https://www.econbiz.de/10013230623

Party Discipline and Pork Barrel Politics

Grossman, Gene M.; Helpman, Elhanan - 2021

Polities differ in the extent to which political parties can pre-commit to carry out promised policy actions if they take power. Commitment problems may arise due to a divergence between the ex ante incentives facing national parties that seek to capture control of the legislature and the ex...

Persistent link: https://www.econbiz.de/10013246299

Fairness and Redistribution : U.S. Versus Europe

Alesina, Alberto F. - 2011

Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...

Persistent link: https://www.econbiz.de/10013134300

Public Goods in Trade : on the Formation of Markets and Political Jurisdictions

Casella, Alessandra - 2010

The current debate in Western Europe centers on the relationship between economic and political integration. To address this problem, we construct a simple general equilibrium model in which the returns to trading are directly affected by the availability of a public good. In our model,...

Persistent link: https://www.econbiz.de/10013138063

A Theory of Political and Economic Cycles

Ales, Laurence - 2012

We develop a theoretical framework in which political and economic cycles are jointly determined. These cycles are driven by three political economy frictions: policymakers are non-benevolent, they cannot commit to policies, and they have private information about the tightness of the government...

Persistent link: https://www.econbiz.de/10013100994

Shrouded Costs of Government : The Political Economy of State and Local Public Pensions

Glaeser, Edward L. - 2013

Why are public-sector workers so heavily compensated with pensions and other non-pecuniary benefits? In this paper, we present a political economy model of shrouded compensation in which politicians compete for taxpayers' and public employees' votes by promising compensation packages, but some...

Persistent link: https://www.econbiz.de/10013083093

Left, Right, Left : Income, Learning and Political Dynamics

Morrow, John - 2013

The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...

Persistent link: https://www.econbiz.de/10013074913

Migration-Regime Liberalization and Social Security : Political-Economy Effect

Razin, Assaf - 2010

The pay-as-you-go social security system, increasingly burdened by dwindling labor force, can benefit from immigrants whose birth rates exceed those of the native born birth. The paper examines adynamic political-economy mechanism through which the social security system influences the young...

Persistent link: https://www.econbiz.de/10013152617

The Positive Economics of Methodology

Landsburg, Steve - 2007

Does an observation constitute stronger evidence for a theory if it was made after rather than before the theory was … formulated, when it may have influenced the theory's construction? Philosophers have discussed this question (of quot … and then constructs a theory) versus structural models with formal econometric tests (where a model is constructed before …

Persistent link: https://www.econbiz.de/10012776741

1
2
3
4
5
6
7
8
9
10
Next
Last