Showing 131 - 140 of 786,169
Governments in new democracies launch social policies with the purported goal of alleviating the effects of poverty among the most vulnerable households, usually low income families with children. However, this goal is can be thwarted by the clientelistic distribution of social policies'...
Persistent link: https://www.econbiz.de/10012948630
This paper develops a diagnostic tool for candidate performance measures that accounts for investor disagreement in mutual funds. We compare the evaluation for best clienteles, specified by an upper admissible performance bound, to the one for representative investors implicit in twelve models....
Persistent link: https://www.econbiz.de/10012955300
We extend Becker's model of discrimination by allowing firms to have discriminatory and favoring preferences simultaneously. We draw the two-preference parallel for the marginal firm, illustrate the implications for wage differentials, and consider the implied long-run equilibrium. In the...
Persistent link: https://www.econbiz.de/10012980310
queuing theory to first demonstrate that when allocating goods publically, a case can be made for favoring a particular group …
Persistent link: https://www.econbiz.de/10014028905
Investors' holding periods determine how transaction costs are amortized and priced as liquidity premium in asset returns. Using a dataset containing two million trades made by over 66,000 households, this paper shows that transaction costs are an important determinant of investors' holding...
Persistent link: https://www.econbiz.de/10013133467
Tax-increment financing (TIF) is an increasingly popular way for cities to promote economic development. TIF works by allowing cities to use the property, sales, and other taxes collected from new developments — taxes that would otherwise go to schools, libraries, fire departments, and other...
Persistent link: https://www.econbiz.de/10013118454
Clientelism is characterized by the combination of particularistic targeting and contingency-based exchange. This …. Confronted with economic development, clientelism fades away in some political contexts but adapts and survives in others. This … article explores our understanding of the origins and dynamics of clientelism, focusing on the relationships between …
Persistent link: https://www.econbiz.de/10013125281
from cross-section of the countries, confirm this hypothesis. We use military spending as an indicator of the patronage to …
Persistent link: https://www.econbiz.de/10013099525
(1) Clientelism can exist at virtually any scale from the direct patron-client dyad to the social formation as a whole …. (2) Clientelism is the form that prosocial reciprocity takes in the context of unequal access to valued goods, as well as … cooperation crosses status. (3) Clientelism is an intrinsically stable relationship, likely to survive moderate shocks to the …
Persistent link: https://www.econbiz.de/10013104747
We use traded options on growth and value indices to test for clientele differences in risk preferences. Value investors appear to have exhibited a higher average level of risk aversion than growth investors for two different time periods in the late 1990's and early 2000's. We construct a model...
Persistent link: https://www.econbiz.de/10013156425