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We develop a theory of media slant as a systematic filtering of political news that reduces multidimensional politics to the one-dimensional space perceived by voters. Economic and political choices are interdependent in our theory: expected electoral results influence economic choices, and...
Persistent link: https://www.econbiz.de/10009148359
A theoretical analysis is proposed of segregation as an equilibrium phenomenon in a random-matching model of the marriage market. Otherwise identical partners possess a pay-off-irrelevant characteristic, colour. We derive the set of colour-blind equilibria and show that they are generically...
Persistent link: https://www.econbiz.de/10010638029
A theoretical analysis is proposed of segregation as an equilibrium phenomenon in a random-matching model of the marriage market. Otherwise identical partners possess a pay-off-irrelevant characteristic, colour. We derive the set of colour-blind equilibria and show that they are generically...
Persistent link: https://www.econbiz.de/10005168086
Assortative matching between workers and firms provides evidence of the complementarities or substitutes in production. The presence of complementarities is important for policies that aim to achieve the optimal allocation of resources, e.g. unemployment insurance. We argue that using wage data...
Persistent link: https://www.econbiz.de/10009148333