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This paper considers the impact of the Constitutional Court on legislative output in Italy.Following Tsebelis' (2002) veto players model and the stylised facts as regards the Italian Constitutional Court's activity, this paper presents a multi-stage game in the spirit of Gely and Spiller (1990)....
Persistent link: https://www.econbiz.de/10005007464
This paper considers the impact of the Constitutional Court on legislative output in Italy. Following Tsebelis’ ((2002) Veto Players: Foundations of Institutional Analysis. Princeton: Princeton University Press) veto players model and the stylised facts as regards the Italian Constitutional...
Persistent link: https://www.econbiz.de/10005673736
This paper considers the effects of fiscal policy in a two-sector small open economy, with unionized labour markets, and heterogeneous types of imperfect competition in the product markets. By making the marginal propensity to import endogenous, the paper shows that there is no robust or general...
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This paper analyzes the efficacy and desirability of decentralized fiscal policies, in a two-region federal economy, with monopolistic competition in local product markets, unionized local labor markets, and a nationwide competitive sector. Local governments are utilitarian and use...
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This paper considers the effects of destination vs. origin principles of intermediate commodity taxation on the organisational structure of firms in the presence of imperfectly competitive product and labour markets. The paper considers a unionised monopoly firm producing a final good by using...
Persistent link: https://www.econbiz.de/10009324389