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Future rent-seekink and current public savings
Caballero, Ricardo J.; Yared, Pierre - 2008
Persistent link: https://www.econbiz.de/10003770608
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Future rent-seeking and current public savings
Caballero, Ricardo J. (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003785552
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Future rent-seeking and current public savings
Caballero, Ricardo J.; Yared, Pierre - In: Journal of international economics 82 (2010) 2, pp. 124-136
Persistent link: https://www.econbiz.de/10008842464
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Political entry, public policies, and the economy
Mulligan, Casey B.; Tsui, Kevin K. - 2008
"This paper presents a theory of competition for political leadership between incumbent leaders and their challengers in which the possible equilibrium political market structures range from pure monopoly (unchallenged dictatorship) to perfectly competitive (ideal democracy). Leaders are...
Persistent link: https://www.econbiz.de/10003676215
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2011
determination of government debt and deficits in a dynamic political economy model. We show that this conventional wisdom relies on … uncertainty, then a rent-seeking government actually over-saves and over-taxes along the equilibrium path relative to a benevolent … government. This result emerges because of the option value of rent-seeking: A rent-seeking government over-values future funds …
Persistent link: https://www.econbiz.de/10013119168
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2008
size of this political distortion. In this paper we study the determination of government debt and deficits in a dynamic …, a rent-seeking government over-saves and over-taxes along the equilibrium path relative to a benevolent government … rules are ineffective in solving the high taxation problem caused by the political friction, which in the short run is more …
Persistent link: https://www.econbiz.de/10012769645
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2011
size of this political distortion. In this paper we study the determination of government debt and deficits in a dynamic …, a rent-seeking government over-saves and over-taxes along the equilibrium path relative to a benevolent government … rules are ineffective in solving the high taxation problem caused by the political friction, which in the short run is more …
Persistent link: https://www.econbiz.de/10012714047
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2008
size of this political distortion. In this paper we study the determination of government debt and deficits in a dynamic …, a rent-seeking government over-saves and over-taxes along the equilibrium path relative to a benevolent government … rules are ineffective in solving the high taxation problem caused by the political friction, which in the short run is more …
Persistent link: https://www.econbiz.de/10012464230
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Polynesia
1979
Persistent link: https://www.econbiz.de/10003690529
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Stay in school or start working? : the human capital investment decision under uncertainty and irreversibility
Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2009
As the time of leaving school determines the level of academic achievement this timing decision is central for the human capital investment decision. Real option theory offers a new perspective of the human capital investment decision under uncertainty and irreversibility. Unlike other...
Persistent link: https://www.econbiz.de/10010266045