Showing 1 - 10 of 43
We present a theoretical model of a parliamentary democracy, where party structures, government coalitions and fiscal policies are endogenously determined. The model predicts that, relative to proportional elections, majoritarian elections reduce government spending because they reduce party...
Persistent link: https://www.econbiz.de/10011404283
Persistent link: https://www.econbiz.de/10012302672
Persistent link: https://www.econbiz.de/10012311655
Persistent link: https://www.econbiz.de/10011896363
Persistent link: https://www.econbiz.de/10011659185
Persistent link: https://www.econbiz.de/10014471306
Persistent link: https://www.econbiz.de/10009762405
Persistent link: https://www.econbiz.de/10010245601
The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10011529959
Persistent link: https://www.econbiz.de/10011544044