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Regional inequality and human capital quality : the impact of technology on the arrival rate of employment offers

Alexiadis, Stilianos; Eleftheriou, Konstantinos; … - 2013

utilizing a 'search & matching' framework. The model, developed in this paper, maps the way in which individuals are distributed …. The impacts of advances in information technology are examined explicitly in this model. While the relevant theoretical … information technology, is constructed using the aforementioned framework. Consequently, this approach provides an account for the …

Persistent link: https://www.econbiz.de/10010224797

Unforeseen Contingencies, Property Rights, and Incomplete Contracts

Maskin, Eric; Tirole, Jean - 2010

We scrutinize the conceptual framework commonly used in the incomplete contract literature. This literature usually assumes that contractual incompleteness is due to the transaction costs of describing - or of even foreseeing - the possible states of nature in advance. We argue, however, that...

Persistent link: https://www.econbiz.de/10014072595

Vote-Buying and Growth

Gersbach, Hans; Mühe, Felix - 2008

Vote-buying is widely used by parties in developing countries to influence the outcome of elections. We examine the impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show that vote-buying contributes to the persistence of poverty...

Persistent link: https://www.econbiz.de/10011753158

Can democracy educate a society?

Gersbach, Hans (contributor); Siemers, Lars (contributor) - 2005

We examine whether democratic societies can escape poverty traps. Unrestricted agenda setting with simple majority rules fail to educate a society, because education-enhancing redistribution will not occur. We show that a combination of suitable constitutional rules overcomes this impossibility...

Persistent link: https://www.econbiz.de/10003039641