In this note it is shown that in contradiction to the well-known claim in Cox (AJPS, 1987) (repeated in a number of subsequent works), the uncovered set in a spatial voting situation does not necessarily coincide with the core even when the core is non-empty.

In this paper we examine whether an incentive scheme for improving research can have adverse effect on research itself. This work is mainly motivated by the Research Assessment Exercise (RAE) and the Research Excellence Framework (REF) in UK. In a game theoretic framework we show that a scheme...

In this paper we first explore the predictive power of the solution notion called conservative stable standard of behaviour (CSSB), introduced by Greenberg (1990) in environments with farsighted players (as modelled in Xue (1998)) as intuitively it is quite nice. Unfortunately, we find that CSSB...

By using university administrative and survey data on Italian graduates, we analyse the transmission of liberal professions from fathers to children. We assess the effect of nepotism and family networking, separately from other transmission channels, on the probability of choosing a degree that...

In this paper, we consider a specification testing problem in nonlinear time series models with nonstationary regressors and propose using a nonparametric kernel-based test statistic. The nullasymptotics for the proposed nonparametric test statistic have been well developed in the existing...

Using an experimental design, we investigate the reasons behind the gendered division of housework within couples. In particular, we assess whether the fact that women do more housework may beexplained by differences in preferences deriving from differences in gender identity between men and...

This paper presents a comprehensive assessment of fiscal austerity, with special emphasis on its distributional consequences, which are surprisingly ignored in the existing literature. Using amedium scale DSGE model we find that both the aggregate and distributional consequences of fiscal...

Employment volatility is larger for young and old workers than for prime aged. At the same time, in economies with high tax rates, the share of total hours supplied by the young/old workers is smaller. These two observations imply a negative correlation between government size (measured by the...

This paper addresses questions of the following nature: under what conditions does a welfare-improving reform of the existing piecewise linear income tax schedule necessitate a change in a particular agent type's marginal tax rate? Our analysis therefore addresses the sorts of questions...

Fiscal consolidation programmes have been adopted almost uni-versally in the developed world since 2011 in an effort to reverse the substantially worsened fiscal outlook in the aftermath of the global financial crisis. Prolonged stagnation combined with increasing debt levels over this period...