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Producers and Predators
Grossman, Herschel I. - 1999
This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to...
Persistent link: https://www.econbiz.de/10012471640
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Debts and Deficits with Fragmented Fiscal Policymaking
Velasco, Andres - 1997
This paper develops a political-economic model of fiscal policy - one in which government resources are a common property' out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...
Persistent link: https://www.econbiz.de/10012472527
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Equilibrium Tax Rates and Income Redistribution : A Laboratory Study
Agranov, Marina - 2014
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/10012458719
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The Effect of Offer-of-Settlement Rules on the Terms of Settlement
Bebchuk, Lucian Arye - 2000
case and may affect the allocation of litigation costs. Specifically, if the parties litigate to judgment, then the … allocation of litigation costs may depend on how the judgment compares with the special offer. This paper develops a model of …
Persistent link: https://www.econbiz.de/10012471084
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Costly Capital Reallocation and the Effects of Government Spending
Ramey, Valerie A. - 1999
Changes in government spending often lead to significant shifts in demand across sectors. This paper analyzes the effects of sector-specific changes in government spending in a two-sector dynamic general equilibrium model in which the reallocation of capital across sectors is costly. The...
Persistent link: https://www.econbiz.de/10012471736
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Who Cares More? Allocation with Diverse Preference Intensities
Ortoleva, Pietro; Safonov, Evgenii; Yariv, Leeat - National Bureau of Economic Research - 2021
similarly but differ in their preference intensities. We characterize optimal allocation rules when individual preferences are …
Persistent link: https://www.econbiz.de/10012629428
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Energy and Resource Allocation : A Dynamic Model of the "Dutch Disease"
Bruno, Michael - 1982
It is well known that a domestic resource discovery gives rise to wealth effects that cause a squeeze of the tradeable good sector of an open economy. The decline of the manufacturing sector following an energy discovery has been termed the "Dutch disease," and has been investigated in many...
Persistent link: https://www.econbiz.de/10012478259
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Static and Dynamic Resource Allocation Effects of Corporate and PersonalTax Integration in the U.S : A General Equilibrium Approach(Rev)
Fullerton, Don - 1980
This paper presents estimates of static and dynamic general equilibrium resource allocation effects for four … dynamic resource allocation effects are sensitive to the choice of the replacement tax, while static gains are reasonably …
Persistent link: https://www.econbiz.de/10012478684
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A Theory of the Production and Allocation of Effort
Becker, Gary S. - 1977
The purpose of this paper is to analyze systematically the production of effort and its allocation among different … of the production and allocation of effort by a free person. Section III applies this analysis to the value placed on … wage rates offered and the effort supplied by their workers. Section, analyzes the production and allocation of effort by …
Persistent link: https://www.econbiz.de/10012478946
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The Allocation of Decision Authority to Human and Artificial Intelligence
Athey, Susan C. - 2020
The allocation of decision authority by a principal to either a human agent or an artificial intelligence (AI) is …
Persistent link: https://www.econbiz.de/10012479197