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We develop a model of legislative lobbying where policy proposals are endogenous. We show that a policy proposer with preferences tilted towards one lobby may be induced by an increase in that interest group's size to propose policies geared towards the opposing lobby. Hence, a larger lobby size...
Persistent link: https://www.econbiz.de/10008746474
The topic of reforms is hotly debated among politicians and researchers. There are many approaches to explore the origins of reform deadlocks and budget deficits. Central to all these approaches are the costs generated either by the Status Quo or by eliminating the Status Quo via a reform. Costs...
Persistent link: https://www.econbiz.de/10003828282
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A core activity of decentralising internet projects has been participation, and with it the democratising potential of governing through consensus. This encounter between democratic ideals on one side and its integration into socio-technical projects on the other has had significant consequences...
Persistent link: https://www.econbiz.de/10014536236
down due to an unraveling process similar to Akerlof (1970). De and Nabar (1991) argue that imperfect certification … prevents unraveling so that equilibria with full separation do not exist. This note shows that, if one considers the buyers …
Persistent link: https://www.econbiz.de/10010333964
changes to the network structure on the unraveling of the market towards early hiring. Moreover, we show that an efficient … design of the matching procedure can prevent unraveling. …
Persistent link: https://www.econbiz.de/10010284029
down due to an unraveling process similar to Akerlof (1970). De and Nabar (1991) argue that imperfect certification … prevents unraveling so that equilibria with full separation do not exist. This note shows that, if one considers the buyers …
Persistent link: https://www.econbiz.de/10003985597
Persistent link: https://www.econbiz.de/10009745725