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Public self-insurance and the Samaritan's dilemma in a federation

Lohse, Tim; Robledo, Julio R. - 2012

shock leading to losses that occur with an exogenous probability and in a stochastically independent way. The regions can …

Persistent link: https://www.econbiz.de/10009510194

The Role of Economic, Fiscal, and Financial Shocks in the Evolution of Public Sector Pension Funding

Triest, Robert K. - 2014

Many studies have documented the pervasive underfunding of public sector pension plans in the United States in recent years. The deterioration of the funded status of public pension plans coincided with severe fiscal crises that state and local governments experienced in the 2000s. This...

Persistent link: https://www.econbiz.de/10013054392

Hedging to market-wide shocks and competitive selection

Friberg, Richard; Trygg Kupersmidt, Isak - In: Journal of economics & management strategy : JEMS 32 (2023) 2, pp. 450-466

Persistent link: https://www.econbiz.de/10014278094

The Mechanisms of Voting Efficiency

Schouten, Michael C. - 2011

Persistent link: https://www.econbiz.de/10013133103

The Equal Districts Efficiency Gap : Fundamental Gerrymandering Theory and an Analysis and Modification of the Efficiency Gap

Wallin, Ray - 2019

, this paper corrects the bias found in the efficiency gap with the ‘equal districts efficiency gap equation' which produces …The ‘efficiency gap' method has gained notoriety recently by playing an important role in framing the Gill v Whitford … gerrymandering case decided in Wisconsin and heard by the US Supreme Court. The story of the efficiency gap is captivating as it …

Persistent link: https://www.econbiz.de/10012901168

The Efficiency of Regulatory Arbitrage

Tarko, Vlad - 2018

efficiency of a polycentric regulatory system …

Persistent link: https://www.econbiz.de/10012908046

Constitutional Rules and Efficient Policies

Cella, Michela - 2014

This paper compares the ability to select the efficient policy of a parliamentary and a presidential constitutional setup. In order to do it we build a dynamic theoretical model with asymmetric information that succeeds in addressing both the politicians accountability and the competence...

Persistent link: https://www.econbiz.de/10013057542

Efficiency and equity : a general equilibrium analysis of rent-seeking

Heijdra, Ben J.; Heijnen, Pim - 2021

inequity). This tradeoff between efficiency and equity is the primary focus of this paper. We investigate how the distribution …

Persistent link: https://www.econbiz.de/10012652831

Inefficient Centralization of Imperfect Complements

Gregor, Martin - 2009

If local public goods exhibit spillovers and regions are sufficiently symmetric, decentralization implies under provision, whereas cooperative centralization is associated with strict Pareto-improvement. This classic inference rests on two assumptions: local politicians are delegated sincerely...

Persistent link: https://www.econbiz.de/10012720201

On a three-alternative Condorcet jury theorem

Goertz, Johanna M. M.; Maniquet, François - 2011

We investigate whether the simple plurality rule aggregates information efficiently in a large election with three alternatives. The environment is the same as in the Condorcet Jury Theorem (Condorcet (1785)). Voters have common preferences that depend on the unknown state of nature, and they...

Persistent link: https://www.econbiz.de/10009127595