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This paper examines the extent to which a democratic society characterized by an unequal distribution of income, is capable of transforming potential efficiency gains into actual economy-wide welfare gains. The model emphasizes the distortive effects of these potential efficiency gains on the...
Persistent link: https://www.econbiz.de/10005823026
We analyze the problem of economic integration using a cooperative approach. By explicitly introducing time as an endogenous variable, we make sharp predictions about the timing of admission to coalitions, about the equilibrium coalition structure, about the equilibrium payoff distribution, as...
Persistent link: https://www.econbiz.de/10005764003
This paper provides a methodology to study coalition formation problems with externalities and heterogeneous players, when some subset of the players can act as “coalition developers” over time. The framework provided here allows to explicitly predict the timing of admission to coalitions,...
Persistent link: https://www.econbiz.de/10005008385
Persistent link: https://www.econbiz.de/10000980114
Persistent link: https://www.econbiz.de/10002025295
Karl Marx viewed class struggles to be so central as to assert that all societal history was, and will in the future be, merely a succession of struggles between classes. Many authors have elaborated upon such themes within Marxist frameworks; some have used these as prisms to interpret various...
Persistent link: https://www.econbiz.de/10014168630
Scholars within different disciplines employ a wide range of empirical approaches to understanding how, why and with what consequences government is organized. We first review recent statistical modeling efforts in the areas of education, job-training, welfare reform and drug abuse treatment and...
Persistent link: https://www.econbiz.de/10005823017
This paper estimates the returns to retraining for older displaced workers—those 35 or older—by estimating the impact of community college schooling on earnings. Our analysis relies on longitudinal administrative records covering workers displaced from jobs in Washington State during the...
Persistent link: https://www.econbiz.de/10005823018
Most of the formal studies of cultural policy concentrate on the role of central governments and their approaches to supporting the arts, creative industries and heritage. Less attention has been given to cultural policy at the sub-national level despite the fact that the states in the United...
Persistent link: https://www.econbiz.de/10005823019
When students are tracked into vocational and academic secondary schools, access to higher education is usually restricted to those who were selected into the academic track. Postponing such tracking may increase the relative educational attainment of disadvantaged students if they have...
Persistent link: https://www.econbiz.de/10005823020