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, like the boundaries of the firm ("Williamson's puzzle"), the importance of fairness concerns within firms, the attenuation …
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claims acquired in the past seem to create strong entitlements that shape current negotiations. Despite their importance, the … role of entitlements in negotiations has not received much attention. We fill the gap by designing an experiment that … allows us to measure the entitlements and to track them through the whole negotiation process. We find strong entitlement …
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If people understand that some macroeconomic policies are unsustainable, why would they vote for them in the first place? We develop a political economy theory of the endogenous emergence of fiscal crises, based on the idea that the adjustment mechanism to a crisis favors some social groups,...
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