Similar Search Results

Budget Uncertainty and Faculty Contracts: A Dynamic Framework for Comparative Analysis

Khovanskaya, Irina; Sonin, Konstantin; Yudkevich, Maria - C.E.P.R. Discussion Papers - 2008

We study hiring decisions made by competing universities in a dynamic framework, focusing on the structure of university finance. Universities with annual state-approved financing underinvest in high-quality faculty, while universities that receive a significant part of their annual income from...

Persistent link: https://www.econbiz.de/10005791354

Equilibrium and Efficiency in the Tug-of-War

Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2005

We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...

Persistent link: https://www.econbiz.de/10005661937

The Relationship between Market Structure and Innovation in Industry Equilibrium: A Case Study of the Global Automobile Industry

Hashmi, Aamir Rafique; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2012

We first estimate a dynamic game for the global automobile industry and then compute a Markov Perfect equilibrium to study the equilibrium relationship between market structure and innovation. The key state variable in the model is the efficiency level of each firm and the market structure is...

Persistent link: https://www.econbiz.de/10011084428

Distributive Politics and Economic Growth

Alesina, Alberto F; Rodrik, Dani - C.E.P.R. Discussion Papers - 1991

This paper studies the relationship between political conflict and economic growth in a simple model of endogenous growth with distributive conflicts. We study both the case of two `classes' (workers and capitalists) and the case of a continuum distribution of agents, characterized by their...

Persistent link: https://www.econbiz.de/10005281292

Reprisals Remembered: German-Greek Conflict and Car Sales during the Euro Crisis

Fouka, Vasiliki; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2013

During the Greek debt crisis after 2010, the German government insisted on harsh austerity measures. This led to a rapid cooling of relations between the Greek and German governments. We compile a new index of public acrimony between Germany and Greece based on newspaper reports and internet...

Persistent link: https://www.econbiz.de/10011083633

The European Commission - Appointment, Preferences and Institutional Relations

Napel, Stefan; Widgrén, Mika - C.E.P.R. Discussion Papers - 2006

The paper analyses the appointment of the European Commission as a strategic game between members of the EU's Council of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal...

Persistent link: https://www.econbiz.de/10005136464

Political Conflict and Power-Sharing in the Origins of Modern Colombia

Mazzuca, Sebastián L; Robinson, James A - C.E.P.R. Discussion Papers - 2006

representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of … with the rising support for socialism and the desire to divide power more broadly. Our findings shed new light on the …

Persistent link: https://www.econbiz.de/10005114374

Towards a Legal Theory of Finance

Pistor, Katharina - C.E.P.R. Discussion Papers - 2012

where the survival of the system is at stake; that is, at its core. Here, power becomes salient. This helps explain why …

Persistent link: https://www.econbiz.de/10011084310