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Strategic power indices: Quarrelling in coalitions

Kóczy, László Á. - 2008

While they use the language of game theory known measures of a priory voting power are hardly more than statistical …

Persistent link: https://www.econbiz.de/10010494373

Riskiness, Risk Aversion, and Risk Sharing: Cooperation in a Dynamic Insurance Game

Laczó, Sarolta - 2008

This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It considers a dynamic game where commitment is limited, and characterizes the level of cooperation as measured by the reciprocal of the discount factor above which perfect risk...

Persistent link: https://www.econbiz.de/10010494384

When and How to Subsidize Tax-Favored Retirement Accounts?

Simonovits, András - 2009

When and how to subsidize tax-favored pension accounts? To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds taxfavored retirement accounts. If the mandatory system is progressive, then a proportional voluntary system can...

Persistent link: https://www.econbiz.de/10010494392

The metamorphosis of the communist party: from entity to system and from system towards an entity

Csanádi, Mária - 2009

A complex analytical framework, the Interactive Party state model (IPS), is offered for revealing the structural and dynamic background of opposite processes: first, the development of the communist party as a political entity into a politically monopolized regime and then to a social system;...

Persistent link: https://www.econbiz.de/10010494400

A Simple Model of Tax-Favored Retirement Accounts

Simonovits, András - 2009

To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds tax-favored retirement accounts. In a very simple model, where benefits are proportional to contributions, we compare three extreme systems: (i) the pure mandatory system, (ii)...

Persistent link: https://www.econbiz.de/10010494401

Inflation, Investment and Growth: a Money and Banking Approach

Gillman, Max; Kejak, Michal - 2009

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the investment rate, opposite of evidence. The paper...

Persistent link: https://www.econbiz.de/10010494408

Pension Reforms in an Aging Society: A Fully Displayed Cohort Model

Simonovits, András - 2009

We fully display a cohort model of an economy with an aging population, taking into account varying family size, habit formation, inheritance and credit constraints. Filling the model with numbers, we are able to compare different pension reforms: 1. the base run, 2. the reduced accrual rates,...

Persistent link: https://www.econbiz.de/10010494410

A Banking Explanation of the US Velocity of Money: 1919-2004

Benk, Szilárd; Gillman, Max; Kejak, Michal - 2009

The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year upward trend, during the 1919-2004 period. It explains the velocity cycles through shocks constructed from a DSGE model and annual time series data (Ingram et al., 1994). Model velocity is stable...

Persistent link: https://www.econbiz.de/10010494417

Jánossy elmélete az új növekedéselmélet tükrében

Tarján, Tamás - 2010

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of … economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …

Persistent link: https://www.econbiz.de/10010494419

Import Tariffs Enforcement with Low Administrative Capacity

Tonin, Mirco - 2010

Import tariff receipts represent an important share of government revenues in many developing countries and there has recently been a surge in empirical studies showing how evasion in this field is a pervasive phenomenon. In the case of import tariffs, the tax base is the product of quantity and...

Persistent link: https://www.econbiz.de/10010494438