Showing 1 - 5 of 5
This paper considers the relationship between the extraction rates and remaining reserves of a non-renewable resource. Linear extraction rules are derived wherein the slope term is the same regardless of the cost parameters and market structure whilst differences are captured by the intercept....
Persistent link: https://www.econbiz.de/10005077122
The Vote Production Function (VPF) has a party's vote depending on (a) its potential vote and (b) the party organization which actualizes it - 'political capital'. Empirical work suggests that moving to the centre would increase your vote if only you could hold political capital constant. The...
Persistent link: https://www.econbiz.de/10005022158
This paper derives a Phillips curve with imported commodities as an additional input in the production process. Given greater reliance on exogenously priced imported commodities in production then changes in output lead to a reduced impact on marginal costs and prices. The Phillips curve becomes...
Persistent link: https://www.econbiz.de/10005135181
We analyze the impact of ideology on the size of government. In a simple model the government sets redistribution and provision of public services according to the preferences of the median voter, for whom private consumption is a necessity. Ideology is defined on preferences for public services...
Persistent link: https://www.econbiz.de/10005135186
This paper investigates the impact of luck, defined as global economic growth, and competence, defined as the difference between domestic and world growth, on voting in general elections since 1960. The vote of incumbent parties of the right is found to be sensitive to luck, whereas that of...
Persistent link: https://www.econbiz.de/10005135194