Showing 111 - 120 of 951
We model the political process as consisting of voting on the issue considered salient, public expenditure, with a subsequent consensus over size of government and income taxation. We prove that for each majoritarian choice there is a unique consensus policy on progressivity and government size....
Persistent link: https://www.econbiz.de/10010732204
We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When ability is not ex-ante observable and contracts are incomplete, managerial selection imposes a cost, as managers facing the risk of being replaced tend to choose a sub-optimally...
Persistent link: https://www.econbiz.de/10010734223
We document three changes in postwar US macroeconomic dynamics: (i) the procyclicality of labor productivity vanished, (ii) the relative volatility of employment rose, and (iii) the relative (and absolute) volatility of the real wage rose. We propose an explanation for all three changes that is...
Persistent link: https://www.econbiz.de/10010737376
We study how to promote compliance with rules in every day situations. Having access to unique data on the universe of users of all public libraries in Barcelona, we test the effect of sending email messages with different contents. We find that users return their items earlier if asked to do...
Persistent link: https://www.econbiz.de/10010737377
This paper examines the impact of ethnic divisions on conflict. The empirical specification is informed by a theoretical model of conflict (Esteban and Ray, 2011) in which equilibrium conflict intensity is related to just three distributional indices of diversity: ethnic polarization, ethnic...
Persistent link: https://www.econbiz.de/10010738416
We develop a model of the interacting markets for online content and offline products. We portray content providers and the search engine as competing platforms that intermediate in the product market (a horizontal relation), while also vertically related in the content market. Explicitly...
Persistent link: https://www.econbiz.de/10010740570
Eating disorders are an important and growing health concern, and bulimia nervosa (BN) accounts for the largest fraction of eating disorders. Health consequences of BN are substantial and especially serious given the increasingly compulsive nature of the disorder. However, remarkably little is...
Persistent link: https://www.econbiz.de/10010801244
We characterize the set of all individual and group strategy-proof rules on the domain of all single-dipped preferences on a line. For rules defined on this domain, and on several of its subdomains, we explore the implications of these strategy-proofness requirements on the maximum size of the...
Persistent link: https://www.econbiz.de/10010801245
This paper surveys the literature on strategy-proofness from a historical perspective. While I discuss the connections with other works on incentives in mechanism design, the main emphasis is on social choice models. This article has been prepared for the Handbook of Social Choice and Welfare,...
Persistent link: https://www.econbiz.de/10010773120
I present a general theorem on preference aggregation. This theorem implies, as corollaries, Arrow's Impossibility Theorem, Wilson's extension of Arrow's to non-Paretian aggregation rules, the Gibbard-Satterthwaite Theorem and Sen's result on the Impossibility of a Paretian Liberal. The theorem...
Persistent link: https://www.econbiz.de/10010773121