Showing 601 - 610 of 616
We analyze a legislative bargaining game over an ideological and a distributive issue. Legislators are privately informed about their ideological positions. Communication takes place before a proposal is offered and majority-rule voting determines the outcome. We compare the outcome of the...
Persistent link: https://www.econbiz.de/10011135367
Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties deciding the allocation to a public good each period. Parties place different values on the public good, but these values may change over time. We model a budgetary institution as the...
Persistent link: https://www.econbiz.de/10011081943
Persistent link: https://www.econbiz.de/10008139149
Although three-level factorial designs with quantitative factors are not the most efficient way to fit a second-order polynomial model, they often find some application, when the factors are qualitative. The three-level orthogonal designs with qualitative factors are frequently used, e.g., in...
Persistent link: https://www.econbiz.de/10008462363
In this paper we analyze a legislative bargaining game in which parties privately informed about their preferences bargain over an ideological and a distributive decision. Communication takes place before a proposal is offered and majority rule voting determines the outcome. When the private...
Persistent link: https://www.econbiz.de/10008465597
In this paper we analyze a legislative bargaining game in which parties privately informed about their preferences bargain over an ideological and a distributive decision. Communication takes place before a proposal is offered and majority rule voting determines the outcome. When the private...
Persistent link: https://www.econbiz.de/10008465976
This paper studies communication games in which the sender is possibly honest (tells the truth) and the receiver is possibly naive (follows messages as if truthful). The characterization of message-monotone equilibria in the perturbed games explain several important aspects of strategic...
Persistent link: https://www.econbiz.de/10008860975
Our proposed local vector autoregressive (LVAR) model has time-varying parameters that allow it to be safely used in both stationary and non-stationary situations. The estimation is conducted over an interval of local homogeneity where the parameters are approximately constant. The local...
Persistent link: https://www.econbiz.de/10010892112
We propose an Adaptive Dynamic Nelson-Siegel (ADNS) model to adaptively forecast the yield curve. The model has a simple yet flexible structure and can be safely applied to both stationary and nonstationary situations with different sources of change. For the 3- to 12-months ahead out-of-sample...
Persistent link: https://www.econbiz.de/10010892113
Purpose – The purpose of this paper is to propose, by drawing on the resource-based view (RBV) and economic regulation theory, that companies with political connections are more likely to enter into industries with high entry barriers, as they are more likely to obtain entry permits from the...
Persistent link: https://www.econbiz.de/10014697905