Showing 1 - 10 of 104
Recently a great deal of controversy has been generated from the salaries earned by head football coaches in the NCAA. On one level this seems odd since many figures in the world of sports and entertainment earn exceptionally high salaries. However, one important difference in the case of NCAA...
Persistent link: https://www.econbiz.de/10012724656
Persistent link: https://www.econbiz.de/10005233479
Several empirical papers have established the fact of a negative price-output correlation for the United States in the post WWII era. Much of this work appears to interpret the sign of this correlation under the assumption that monetary policy is passive. This paper uses a simple aggregate...
Persistent link: https://www.econbiz.de/10005246385
Persistent link: https://www.econbiz.de/10005306812
Persistent link: https://www.econbiz.de/10005205893
Persistent link: https://www.econbiz.de/10005205903
Andreoni (1998) shows that a small amount of seed money from the government can generate substantial additional private donations toward the provision of a public good, when there is a threshold level of provision below which no benefits are achieved. We argue that Andreoni's solution can be...
Persistent link: https://www.econbiz.de/10005215776
<link rid="b9">Esteban and Ray (2001)</link> model an increasing marginal cost of effort in providing a public good. If the marginal cost of contribution function has an elasticity greater than 1, then the level of provision is increasing in group size, regardless of the degree of rivalry of the public good. We...
Persistent link: https://www.econbiz.de/10005215788
We analyze the effect of group size on public good provision under the <link rid="b8">Morgan (2000)</link> lottery mechanism. For a pure public good, the lottery performs quite well as public good provision is found to increase in group size, even when the lottery prize is held constant. By contrast, for fully rival...
Persistent link: https://www.econbiz.de/10005215880
<link rid="b30">Rodrik (1995)</link> notes that trade regimes tend to be biased towards import protection, while the standard political economy models either yield no prediction on the bias of the trade regime or predict, counterfactually, a bias towards the export sector. This constitutes an important shortcoming in...
Persistent link: https://www.econbiz.de/10005321670