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Gu, Chao; Wright, Randall - Economics Department, University of Missouri - 2010

We study models of credit with limited commitment, which implies endogenous borrowing constraints. We show that there …

Persistent link: https://www.econbiz.de/10008679204

Individual Responsiveness to Information in CV Surveys : Commitment Matters

Chanel, Olivier; Cleary, Susan; Luchini, Stéphane - In: Revue d'économie politique 117 (2007) 5, pp. 761-779

than in the telephone survey. We discuss our findings using the theory of commitment borrowed from social psychology and … explore the extent to which commitment could be a necessary requirement in the practical application of the CV method. …

Persistent link: https://www.econbiz.de/10008680120

Barriers to investment in polarized societies

marina, azzimonti - Volkswirtschaftliche Fakultät, … - 2009

I present a tractable dynamic model of political economy where disagreements about the composition of public spending result in implementation of short-sighted policies. The relative price of investment to consumption is excessively large in equilibrium due to over-taxation. Investment rates are...

Persistent link: https://www.econbiz.de/10008680294

Political ideology as a source of business cycles

marina, azzimonti - Volkswirtschaftliche Fakultät, … - 2010

When the government must decide not only on broad public-policy programs but also on the provision of group-specific public goods, dynamic strategic inefficiencies arise. The struggle between opposing groups–that disagree on the composition of expenditures and compete for office–results in...

Persistent link: https://www.econbiz.de/10008680308

Commitment, Flexibility and Optimal Screening of Time Inconsistency

Galberti, Simone - Center for Mathematical Studies in Economics and … - 2012

I study the optimal supply of exible commitment devices to people who value both commitment and exibility, and whose …

Persistent link: https://www.econbiz.de/10008866079

Expectations Traps and Monetary Policy with Limited Commitment

Himmels, Christoph; Kirsanova, Tatiana - Volkswirtschaftliche Fakultät, … - 2011

We study the existence and uniqueness properties of monetary policy with limited commitment in LQ RE models. We use a … multiple equilibria under pure discretion, and under full commitment there are two distinct determinate regimes. We study how … these properties change over the continuum of intermediate cases between commitment and discretion. We find that although …

Persistent link: https://www.econbiz.de/10008866115

Innovation and the Role of Habits: A Conceptual Analysis

Cavagnoli, Donatella - Department of Economics and Finance, La Trobe Business … - 2008

In this paper I explore the concept of innovation. The aim is to bring to the fore the importance of learned habits on the motivation to innovate. Innovation is a learning process which results in a new product, a new process, a new movement, a new organisation or a new source of raw materials....

Persistent link: https://www.econbiz.de/10008867221

End of the line: A Note on Environmental Policy and Innovation when Governments cannot Commit

Montero, Juan-Pablo - Instituto de Economía, Facultad de Ciencia Económicas … - 2011

It is widely accepted that one of the most important characteristics of an effective climate policy is to provide firms with credible incentives to make long-run investments in R&D that can drastically reduce emissions. Recognizing that a government may be tempted to revise its policy design...

Persistent link: https://www.econbiz.de/10008876672

Cost Reductions, Cost Padding, and Stock Market Prices: the Chilean Experience with Price-Cap Regulation

Tella, Rafael Di; Dyck, Alexander - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2008)

We study the Chilean electricity distribution industry and find that costs (the ratio of reported costs to revenues) have fallen since price caps were introduced. Cost reductions are U-shaped since 1989: Strong initial cost reductions reverse every four years, coinciding with regulatory reviews....

Persistent link: https://www.econbiz.de/10009021344

PROGRAM SAPARD – COMMITMENTS AND PAYMENTS ACCORDING TO INDIVIDUAL PROVISIONS BEFORE THE ACCEPTANCE OF THE SLOVAK REPUBLIC INTO THE EUROPEAN UNION

Kotulic, Rastislav - In: Polish Journal of Management Studies 3 (2011) 1, pp. 179-192

This article explains the technique of redistribution of public resources from the SAPARD programme under individual provisions and regions of the Slovak Republic. Moreover, the article clarifies reasons of failure of individual project plans. Profit-making projects and reasons of rejections of...

Persistent link: https://www.econbiz.de/10009021830