Showing 1 - 10 of 137
Since 1914, the U.S. Senate has been elected and incumbent senators allowed to run for reelection without limit. This differs from several other elected offices in the U.S., which impose term limits on incumbents. Term limits may harm the electorate if tenure is beneficial or if they force high...
Persistent link: https://www.econbiz.de/10005090990
Since 1914, incumbent U.S. senators running for reelection have won almost 80% of the time. We investigate why incumbents win so often. We allow for three potential explanations for the incumbency advantage: selection, tenure, and challenger quality, which are separately identified using...
Persistent link: https://www.econbiz.de/10005575432
Why are distortionary policies used when seemingly Pareto improvements exist? According to a standard textbook argument, a Pareto improvement can be obtained by eliminating the distortions, compensating the losers with a lump sum transfer, and redistributing the gains that are left over. We...
Persistent link: https://www.econbiz.de/10005758800
Why are trade barriers often used to protect home producers, even at the cost of introducing deadweight losses from higher commodity prices? We add an informational friction to the standard textbook argument in favor of free trade, and show that trade restrictions may be a more effcient policy...
Persistent link: https://www.econbiz.de/10005125942
This book presents a set of studies on contemporary discrimination in Latin America that takes advantage of these new tools by focusing on social interactions that range from cooperation, group formation, and the impact of migration in poor families to specific markets such as housing and labor....
Persistent link: https://www.econbiz.de/10010895493
This book presents a set of studies on contemporary discrimination in Latin America that takes advantage of these new tools by focusing on social interactions that range from cooperation, group formation, and the impact of migration in poor families to specific markets such as housing and labor....
Persistent link: https://www.econbiz.de/10010943595
may, on their own, generate monotone matching predictions in the absence of complementarities or anti-complementarities in production technology. We also derive sufficient conditions on the primitives of the model leading to the optimality of positive and negative matching of team members.
Persistent link: https://www.econbiz.de/10011080298
We study the dynamics of an oligopoly market with network externalities. In contrast to earlier work, we consider a model where products are vertically differentiated and the number of firms is arbitrary. We show that the degree of network externalities has a one-to-one relationship with the...
Persistent link: https://www.econbiz.de/10005069471
Persistent link: https://www.econbiz.de/10005508402
The Murrumbidgee River catchment is a major region of both dryland and irrigated agricultural production in eastern Australia. The salinity of water in the lower reaches of the river is the subject of concern; changing land management upstream is one option to minimise accessions of salt to the...
Persistent link: https://www.econbiz.de/10005093163