This paper formulates and solves the problem of a homeowner who wants to sell her house for the maximum possible price net of transactions costs (including real estate commissions). The optimal selling strategy consists of an initial list price with subsequent weekly decisions on how much to...

Stochastic sequential bargaining games (Merlo and Wilson (1995, 1998)) have found wide applications in various fields including political economy and macroeconomics due to their flexibility in explaining delays in reaching agreement. In this paper, we present new results in non-parametric...

We analyze the career profiles of Italian legislators in the post-war period. Using a unique, newly collected dataset that contains detailed information on all the politicians who have been elected to the Italian Parliament between 1948 and 2008, we address a number of important issues that...

In this paper, we study the relationship among schooling, youth employment and youth crime. The framework, a multinomial discrete choice vector autoregression, provides a comprehensive analysis of the dynamic interactions among a youth's schooling, work and crime decisions and arrest and...

In this paper we address the following questions: (i) To what extent is the hypothesis that voters vote sincerely testable or falsifiable? And (ii) in environments where the hypothesis is falsifiable, to what extent is the observed behavior of voters consistent with sincere voting? We show that...

Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i.e., politicians who work in the political sector until retirement), and political careers (i.e., there are politicians who leave politics before retirement and work in the private...

In this paper, we propose a unified approach to study participation and voting in multiple elections. The theoretical framework combines an quot;uncertain-voterquot; model of turnout with a spatial model of voting behavior. We apply our framework to study turnout and voting in U.S. national...

In this paper we address the following question: To what extent is the hypothesis that voters vote quot;ideologicallyquot; (i.e., they always vote for the candidate who is ideologically quot;closestquot; to them) testable or falsifiable? We show that using data only on how individuals vote in a...

In this paper, we propose a new approach to the empirical study of the relationships among schooling, youth employment and youth crime which provides a comprehensive analysis of the dynamic interactions among these choices and exposure to the criminal justice system. The empirical framework...

This paper develops a unified approach to study participation and voting in multiple elections. The theoretical setting combines an quot;uncertain-voterquot; model of turnout with a spatial model of voting behavior. We apply our framework to the study of turnout and voting in U.S. presidential...