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In this paper we examine the dynamics of the link between inequality and inflation from a political economy perspective. We consider a simple dynamic general equilibrium model in which agents vote over the desired inflation rate in each period, and inequality is persistent. Inflation in our...
Persistent link: https://www.econbiz.de/10009483530
The design of both tuition fees and their accompanying loan systems determines their effect on the goals of investment … current German tuition fee and loan systems and by a system of differentiated tuition fees for higher education in a … recently introduced German tuition fee and loan systems are found not to infringe the constitutionally protected right to equal …
Persistent link: https://www.econbiz.de/10009449667
only noisy measures of student ability and set up tuition and admissions policies to compete for more able students. The … model incorporates tuition, applications, admissions and enrollment as the joint outcome from a subgame perfect Nash … explore the impacts of incomplete information on the market. A perfect measure of student ability would lead to higher …
Persistent link: https://www.econbiz.de/10009439060
to collect, process, and share information about their own status and about their environment, has attained a high degree … information asymmetries concerning individual risk this has positive efficiency effects. Simultaneously with the improvement of … gain relevance. The comprehensiveness of collected pieces of information which can be stored arbitrarily long and …
Persistent link: https://www.econbiz.de/10009482327
graduates; as the costs of tuition rise substantially, development offices are facing the challenge of creating annual fund …
Persistent link: https://www.econbiz.de/10009450203
The question posed in this chapter is: To what extent does current education theory and practice prepare graduates for the creative economy? We first define what we mean by the term creative economy, explain why we think it is a significant point of focus, derive its key features, describe the...
Persistent link: https://www.econbiz.de/10009483493
"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...
Persistent link: https://www.econbiz.de/10009468404
endogenously via a democratic voting process. The focus is on two public spending categories: productive government expenditure …
Persistent link: https://www.econbiz.de/10009476199
the use of their resource stock via a voting mechanism. Then, the impact of opening to trade is linked to the choice of …
Persistent link: https://www.econbiz.de/10009450725
Estudiamos cómo afecta el sistema electoral a la presencia de mujeres en política usando un modelo en el que tanto los votantes como los partidos pueden tener un sesgo de género. Aplicamos el modelo a las elecciones municipales españolas, en las que, según la ley, los municipios utilizan...
Persistent link: https://www.econbiz.de/10012532196