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This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10012777949
coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the … emergence of coalitions, their size, and how uncertainty in public goods provision affects contribution levels and coalition … coalition to provide the good. Contrary a core theoretical result, we find that coalition size increases when the public good …
Persistent link: https://www.econbiz.de/10013153581
the policies they can pursue are constrained by the identity of the coalition members. In the model, a formateur picks a … coalition and negotiates for the allocation of the surplus it is expected to generate. The formateur is free to change … generalized version of a Nash Bargaining Solution in which —in contrast to the standard solution— the coalition is endogenous and …
Persistent link: https://www.econbiz.de/10012890469
In this paper we examine exclusion accomplished by a coalition of firms—frequently, a coalition of suppliers and … 1880s, which was controlled by a complex coalition of refiners and wholesalers. We assess the incentives and conduct of the …
Persistent link: https://www.econbiz.de/10012870053
votes. 'This vote,' we hear, ' will either win by a little or lose by a lot.' Real-world examples suggest coalition leaders …
Persistent link: https://www.econbiz.de/10014175679
determine conditions for their uniqueness. We show how this framework can be applied in political economy, coalition formation …
Persistent link: https://www.econbiz.de/10012770673
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of … political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of … resources. A ruling coalition needs to contain enough powerful members to win against any alternative coalition that may …
Persistent link: https://www.econbiz.de/10012778980
social democratic party may sometimes induce state centralization (by removing the commitment value of a non …
Persistent link: https://www.econbiz.de/10012991695
pessimistic conclusions from the theory: only few players form a coalition when the institution prescribes the full …, both along the extensive and intensive margin when coalition members can each suggest a minimum contribution level with the …
Persistent link: https://www.econbiz.de/10013143768
Global environmental concerns have increased the sensitivity of governments and other parties to the actions of those outside their national jurisdiction. Parties have tried to extend influence extraterritorially both by promising to reward desired behavior and by threatening to punish undesired...
Persistent link: https://www.econbiz.de/10013127720