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The COVID-19 outbreak and the measures to contain the virus have caused severe disruptions to labor supply and demand worldwide. Understanding who is bearing the burden of the crisis and what drives it is crucial for designing policies going forward. Using the U.S. monthly Current Population...
Persistent link: https://www.econbiz.de/10012518758
This article shows that, for any transferable utility game in coalitional form with a nonempty coalition structure core, the number of steps required to switch from a payoff configuration out of the coalition structure core to a payoff configuration in the coalition structure core is less than...
Persistent link: https://www.econbiz.de/10010847829
This article shows that, for any transferable utility game in coalitional form with a nonempty coalition structure core, the number of steps required to switch from a payoff configuration out of the coalition structure core to a payoff configuration in the coalition structure core is less than...
Persistent link: https://www.econbiz.de/10010999836
In this paper we consider information collecting (IC) situations where an action taker in an uncertain situation can improve his action choices by gathering information from some players who are more informed about the situation. Then the problem of sharing the gains when cooperating with...
Persistent link: https://www.econbiz.de/10011092881
There are situations where the data or the theory suggest or require, respectively, that one estimate the boundary lines that separate regions of observations from regions of no observations. Of particular interest are ceiling or floor lines. For example, many theories use terms such as veto...
Persistent link: https://www.econbiz.de/10010614749
Few studies on political budget cycles have directly tested the public budget against changes in the composition of public spending. Meanwhile, previous studies implicitly assume that the executive has full discretionary power over fiscal policy, neglecting the role of the legislature in...
Persistent link: https://www.econbiz.de/10010630738
Government enterprises are vulnerable to political intervention and influence of various interest groups. The theoretical literature emphasizes the role multiple and conflicting goals that distorts incentives and accountability. We offer empirical evidence of the importance of the political...
Persistent link: https://www.econbiz.de/10010969026
Persistent link: https://www.econbiz.de/10008515265
This paper studies the bargaining game between the president and the congress when these two players have conflicting claims to a fixed amount of resources. I distinguish between situations of "pure divided government", that is when the congress is united "against" the president, and the...
Persistent link: https://www.econbiz.de/10005342324
This study explains the intensity of redistributive policies of Latin American leftist governments during the so-called "left turn" in the region. Based on theoretical models that analyze the implications of inequality in democracies with different economic and institutional structures, it...
Persistent link: https://www.econbiz.de/10011818899