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A full understanding of public affairs requires the ability to distinguish between the policies that voters would like the government to adopt, and the influence that different voters or groups of voters actually exert in the democratic process. We consider the properties of a computable...
Persistent link: https://www.econbiz.de/10005729570
This paper investigates the factors explaining significant policy change by studying how bipartisan support developed to sustain the Reciprocal Trade Agreements Act (RTAA) of 1934.
Persistent link: https://www.econbiz.de/10005245389
persistence over time in voting decisions. I present a new theory that suggests that the excess persistence in voting decisions is … due to habit formation, which means that utility is a function of previous voting decisions. The theory is tested using … implications and reject an alternative hypothesis presented by previous voting theories. Furthermore, the structural model is used …
Persistent link: https://www.econbiz.de/10005675435
This paper presents a political economy model in which the voters want to control moral hazard on the part of the incumbent and select a competent candidate to be in office. We focus on elections which take place repeatedly as the basic disciplinary and screening mechanism. It is shown that...
Persistent link: https://www.econbiz.de/10005625756
Persistent link: https://www.econbiz.de/10005776580
This paper implements a variety of robust, regression-based diagnostics to nonlinear models of effective federal individual income tax. The paper proposes a generalized nonlinear model of effective income.
Persistent link: https://www.econbiz.de/10005776586
This paper extends the partial (PE) and general equilibrium (GE) analyses of Nash and stackelberg optimum export taxes …
Persistent link: https://www.econbiz.de/10005777164
Persistent link: https://www.econbiz.de/10005811853
In this paper we present a applied general equilibrium model with special features that allows for comparative analysis of different pricing scheme. We look at Boiteux-Ramsey Pricing, Marginal Cost Pricing as well as an arbitrary water pricing increase for the agriculture sectors. A standard AGE...
Persistent link: https://www.econbiz.de/10005475135
We test for the presence of long memory in daily stock returns and their squares using a robust semiparametric procedure. Spurious results can be produced by nonstationarity and aggregation.
Persistent link: https://www.econbiz.de/10005233330