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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...
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may reveal private information of the central bank. We argue that vague, non-binding statements may be desirable. Second …
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favorable conditions for matching on the one hand, and for global collective decisions on the other hand. We establish …
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This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent...
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