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Sluggishness, Endogeneity and the Demand for Local Public Services.
Dahlberg, M.; Jacob, J. - Nationalekonomiska Institutionen, Uppsala Universitet - 2000
Earlier studies estimating the demand for local public services by means of the median voter model have typically … assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand … rationalised by a Cobb-Douglas utility function. This implies that the log-linear specification of the demand function is valid as …
Persistent link: https://www.econbiz.de/10005669616
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On the political economy of tax limits
Calabrese, Stephen; Epple, Dennis - Institut d'Economia de Barcelona (IEB), Facultat … - 2010
We study the political economy of state limitations on the taxing powers of local governments, investigating the effects of such restriction on housing markets, community composition, and types of taxes and expenditures undertaken by local governments. We characterize equilibrium when voters...
Persistent link: https://www.econbiz.de/10008565926
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Politics, Institutions, and Fiscal Performance in the Argentine Provinces
Tommasi, Mariano; Jones, Mark P.; Sanguinetti, Pablo - Departamento de Economía, Universidad de San Andrés - 1997
We posit that the fiscal behavior of Argentine provinces is determined by a common pool game at two levels: within each province, and across political units. In the latter game, the national government has a greater incentive than the provincial governments to internalize the negative...
Persistent link: https://www.econbiz.de/10005034888
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Sluggishness, Endogeneity and the Demand for Local Public Services
Dahlberg, Matz; Jacob, Johanna - Nationalekonomiska Institutionen, Uppsala Universitet - 2000
Earlier studies estimating the demand for local public services by means of the median voter model have typically … assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand … rationalised by a Cobb-Douglas utility function. This implies that the log-linear specification of the demand function is valid as …
Persistent link: https://www.econbiz.de/10005644613
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Political agency model of persistent electoral success with endogenous rents
Vukovic, Vuk - Volkswirtschaftliche Fakultät, … - 2011
The paper presents a political agency model that observes how budgetary decisions on public good production affect the prospects of holding office for an incumbent political party. A simple budgetary function is broadened to include other expenditures such as public sector wages and social...
Persistent link: https://www.econbiz.de/10011258385
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An Equilibrium Search Model with Capital Accumulation.
Korsholm, L. - School of Economics and Management, Institut for Økonomi - 1998
We extend the basic equilibrium search model of Burdett-Mortnesen with a human capital accumulating wage function and solve for the new equilibrium distribution of wages. We find an equilibrium distribution of earned wages with no upper bound of the support and with density having a decreasing...
Persistent link: https://www.econbiz.de/10005783422
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Variable Differencing and GMM Estimation with Panel Data with Errors-In-Variables
Biorn, E.; Klette, T.J. - Økonomisk institutt, Universitetet i Oslo - 1997
Procedures for estimating a linear single-equation model by means of panel data with errors-in-variables are considered. To eliminate fixed individual heterogeneity, the equation is differenced across one or more than one periods. The differenced equations can be estimated by using as...
Persistent link: https://www.econbiz.de/10005198071
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A New Look at the Feldstein-Horioka Puzzle using an Integrated Panel
Banerjee, Anindya; Zanghieri, Paolo - Centre d'études prospectives et d'informations … - 2003
Persistent link: https://www.econbiz.de/10005062880
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Overtime Hours in Great Britain Over the Period 1975-1999: A panel Data Analysis.
Kalwig, A.S.; Gregory, M. - Department of Economics, Oxford University - 2000
The empirical results show that changes in the job-mix across the economy, from high to low overtime jobs rather than within-job changes in the use of overtime, account for most of the apparent decline in the extent of overtime working over the 1990s. Within jobs, the GDP cycle has a significant...
Persistent link: https://www.econbiz.de/10005090699
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The Wage Curve: The Lessons of an Estimation Over a Panel of Countries
Guichard, Stéphanie; Laffargue, Jean-Pierre - Centre d'études prospectives et d'informations … - 2000
Persistent link: https://www.econbiz.de/10005406548