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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

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

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

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

Sluggishness, Endogeneity and the Demand for Local Public Services

Dahlberg, Matz; Jacob, Johanna - Nationalekonomiska Institutionen, Uppsala Universitet - 2000

Persistent link: https://www.econbiz.de/10005644613

Notes About the Last Principal Component.

Rolle J.-D. - Geneva School of Economics and Management, Université … - 2000

This article gives results specifically related to the last principal component. This linear combination of variables plays an important role when one tries to fit a hyperplane to a cloud of points. In data analysis, variables are often subject to a linear transformation. The results that we...

Persistent link: https://www.econbiz.de/10005478988

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

Does Risk Aversion Drive Financial Crises? Testing the Predictive Power of Empirical Indicators

Coudert, Virginie; Gex, Mathieu - Centre d'études prospectives et d'informations … - 2007

Persistent link: https://www.econbiz.de/10005406555

Defining Consumption Behaviour in a Multi-Country Model

Allais, Olivier; Cadiou, Loic; Dees, Stéphane - Centre d'études prospectives et d'informations … - 2001

Persistent link: https://www.econbiz.de/10005406627

Transitions to and from Self-Employment in Spain: An Empirical Analysis

Carrasco, R. - Centro de Estudios Monetarios y Financieros (CEMFI) - 1997

into self-employment and on self-employment duration. We estimate multinomial logit and discrete competing risks models …

Persistent link: https://www.econbiz.de/10005475108