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Registros recuperados: 40 | |
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Merlo, Antonio. |
In this paper we structurally estimate a game-theoretic model of government formation in a multiparty parliamentary democracy. We focus on the timing and the terms of government agreements in the context of a multilateral stochastic model of sequential bargaining with complete information (Merlo and Wilson (1194, 1995)) where efficient delays may occur in the unique equilibrium. Besides showing that our model yields a good fit to the data on the duration of negotiations over government formation as well as government durations in postwar Italy, we use our estimates to quantify the advantage to proposing and to conduct policy experiments to evaluate the effects of changes in the bargaining procedure. We show that the gains from proposing tend to be quite... |
Tipo: Working or Discussion Paper |
Palavras-chave: Noncooperative bargaining; Delay; Government formation; Structural estimation; Duration models.; Political Economy; C41; C51; C73; C78; D72. |
Ano: 1996 |
URL: http://purl.umn.edu/7476 |
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Canton, Joan. |
In this partial equilibrium and static model, the impact of environmentalism on two countries' environmental policies is presented. First, the only (indirect) way environmentalists influence the choice of pollution taxes is through a negative term in the welfare function in Home. It is defined as passive environmentalism (PE). Second, this article is a first attempt to consider domestic environmentalists lobbying a foreign government. It is defined as active environmentalism (AE). Our contribution is threefold. We emphasize first that the way environmentalists act is paramount to study the consequences of their actions. Passive or active environmentalisms have very different impacts on environmental policies. Second, we show that lobbying activities can be... |
Tipo: Working or Discussion Paper |
Palavras-chave: Environmentalism; Lobby Groups; Positive Environmental Economics; Strategic Environmental Policy; Environmental Economics and Policy; H23; D72. |
Ano: 2009 |
URL: http://purl.umn.edu/54303 |
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Jia, Xiangping; Guo, Pei. |
Historically, China's political attempts to provide access to rural credit has met with mixed results and an institutional structure that often strays from intended policy goals. There has been a close correspondence between financial depression and many policy-driven financial institutions that dominated the rural financial system in China. More recently, ongoing reforms are dedicated towards a gradual liberalization within the system. In this study, we explore the context of agricultural transition and political process as defined by the various interlinkages across the Chinese rural financial system. We find that there has been negligible progress in the evolution of the rural financial market in China. The policy-led financial institutions ended up as... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Rural finance; Institutions; Intervention; Gradualism; China; Financial Economics; E44; N25; D72; Q14. |
Ano: 2007 |
URL: http://purl.umn.edu/7944 |
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Levy, Philip I.. |
This paper provides a rough test of a broad and prominent class of political economy of trade models and finds them wanting. The class features governments with weighted social welfare functions, including the prominent model of Grossman and Helpman. Whether the government is the single domestic player or there are other players involved (as with the lobbies in the Grossman-Helpman case) the government ultimately acts as a unitary player in international dealings. Recent work has shown that such unitary actors care exclusively about terms of trade in international negotiations. This paper pursues the implication that governments choice of trade instruments may offer a better test of the unitary government framework than existing empirical work. We use the... |
Tipo: Working or Discussion Paper |
Palavras-chave: Trade policy; Lobbying; Tariffs; Political economy; International Relations/Trade; Political Economy; D72; F13. |
Ano: 2003 |
URL: http://purl.umn.edu/28526 |
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Brams, Steven J.; Kilgour, Marc. |
Assume that players strictly rank each other as coalition partners. We propose a procedure whereby they “fall back” on their preferences, yielding internally compatible, or coherent, majority coalition(s), which we call fallback coalitions. If there is more than one fallback coalition, the players common to them, or kingmakers, determine which fallback coalition will form. The players(s) who are the first to be acceptable to all other members of a fallback coalition are the leader(s) of that coalition. The effects of different preference assumptions—particularly, different kinds of single-peakedness—and of player weights on the number of coherent coalitions, their connectedness, and which players become kingmakers and leaders are investigated. The... |
Tipo: Working or Discussion Paper |
Palavras-chave: Coalition; Fallback Process; Kingmaker Leader; Cardinally Single-peaked; Ordinally Single-peaked; Institutional and Behavioral Economics; C71; C78; D72. |
Ano: 2009 |
URL: http://purl.umn.edu/52337 |
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Boyd, James; Brennan, Timothy J.. |
The paper evaluates the desirability of compensation for regulatory takings. To do so, we describe a public choice model in which regulators' decisions are influenced by competing political interests. We consider how the political incentives of landowners, environmentalists, and taxpayers are affected by alternative compensation rules and in turn describe the regulatory decisions made in such a pluralistic political environment. Modeling the regulator's incentives in this way leads to the conclusion that compensation should not be paid unless environmentalists and property owners have unequal influence politically. Moreover, the model has several counter-intuitive implications when political influence is not balanced. For instance, if environmentalists are... |
Tipo: Working or Discussion Paper |
Palavras-chave: Regulatory takings; Compensation; Political economy; Environmental Economics and Policy; K11; D72; L51. |
Ano: 1996 |
URL: http://purl.umn.edu/10702 |
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Registros recuperados: 40 | |
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