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Collective Lobbying in Politics: Theory and Empirical Evidence from Sweden
Liang, Che-Yuan - 2008
This paper first formulates a model of how the politicians in a local government collectively lobby to raise intergovernmental grants to their local government. The model identifies a relationship between council size and grants received. I then study this relationship empirically using the...
Persistent link: https://www.econbiz.de/10010321552
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Is there an election cycle in public employment? Separating time effects from election year effects
Dahlberg, Matz; Mörk, Eva - 2008
Do governments increase public employment in election years? This paper investigates this question by using data from Sweden and Finland, two coun¬tries that are similar in many respects but in which local elections are held at different points in time. We can thereby separate an election...
Persistent link: https://www.econbiz.de/10010321590
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Sluggishness, Endogeneity and the Demand for Local Public Services
Dahlberg, Matz; Jacob, Johanna - 2000
Earlier studies estimating the demand for local public services by means of the median voter model have typically assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand function has in most cases not been supported by a well-defined...
Persistent link: https://www.econbiz.de/10010321816
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Corruption and Legislature Size: Evidence from Brazil
Britto, Diogo; Fiorin, Stefano - 2016
This paper studies the role of council size on government corruption in Brazil. We leverage on the discontinuous relationship between the population size of municipalities and council size dictated by the law to implement a regression discontinuity design. We document a substantial positive...
Persistent link: https://www.econbiz.de/10011739628
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Politics in the family: Nepotism and the hiring decisions of Italian firms
Gagliarducci, Stefano; Manacorda, Marco - 2016
In this paper we investigate the effect of family connections to politicians on individuals' labor market outcomes. We combine data for Italy over almost three decades from longitudinal social security records on a random sample of around 1 million private sector employees with the universe of...
Persistent link: https://www.econbiz.de/10011796510
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Is there an election cycle in public employment? Separating time effects from election year effects
Dahlberg, Matz; Mörk, Eva - 2008
Do governments increase public employment in election years? This paper investigates this question by using data from Sweden and Finland, two countries that are similar in many respects but in which local elections are held at different points in time. We can thereby separate an election effect...
Persistent link: https://www.econbiz.de/10010317944
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Measuring the welfare gain from personal computers: A macroeconomic approach
Kopecky, Karen A.; Greenwood, Jeremy - 2011
The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...
Persistent link: https://www.econbiz.de/10010292344
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Risk premia in electricity wholesale spot markets: empirical evidence from Germany
Pietz, Matthäus - 2009
This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …
Persistent link: https://www.econbiz.de/10010305694
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Risk premia in the German electricity futures market
Pietz, Matthäus - 2009
The mechanism behind price formation in electricity futures markets is still under discussion. Theory suggests that … discussion through an empirical investigation of electricity futures for delivery in Germany traded at the European Energy …
Persistent link: https://www.econbiz.de/10010305696
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Modeling electricity spot prices - Combining mean-reversion, spikes and stochastic volatility
Mayer, Klaus; Schmid, Thomas; Weber, Florian - 2011
Starting with the liberalization of electricity trading, this market grew rapidly over the last decade. However, while … is that the spot price process of electricity is still puzzling researchers and practitioners. In this paper, we propose … correlation structures of electricity price spikes. Furthermore, all model parameters can easily be estimated with help of …
Persistent link: https://www.econbiz.de/10010305714