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Does Labour Market Risk Increase the Size of the Public Sector? Evidence from Swedish Municipalities

Vlachos, Jonas - C.E.P.R. Discussion Papers - 2005

It has been argued that the public sector is an insurance against otherwise uninsurable risks. If that is the case, it is reasonable to expect the public sector to be larger in regions where the private labour-market is risky. Using data from Swedish municipalities, this paper reports that...

Persistent link: https://www.econbiz.de/10005661977

On the Optimal Number of Representatives

Auriol, Emmanuelle; Gary-Bobo, Robert J. - C.E.P.R. Discussion Papers - 2007

We propose a normative theory of the number of representatives based on a stylized model of a representative democracy. We derive a simple formula, a "square-root theory" which gives the number of representatives in parliament as proportional to the square root of total population. Simple...

Persistent link: https://www.econbiz.de/10005791717

Do Oil Windfalls Improve Living Standards? Evidence from Brazil

Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009

We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...

Persistent link: https://www.econbiz.de/10008509470

Promoting an Effective Market Economy in a Changing World

Buiter, Willem H.; Lago, Ricardo; Stern, Nicholas - C.E.P.R. Discussion Papers - 1996

In this paper we examine the main challenges in promoting an effective market economy. While the paper ranges widely across the spectrum of economic institutions and policies, the central theme is the importance of macroeconomic stability for economic growth in the medium and long run....

Persistent link: https://www.econbiz.de/10005124132

The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper analyses China’s institution - a regionally...

Persistent link: https://www.econbiz.de/10008468688

Ideology

Bénabou, Roland - C.E.P.R. Discussion Papers - 2008

I develop a model of ideologies as collectively sustained (yet individually rational) distortions in beliefs concerning the proper scope of governments versus markets. In processing and interpreting signals of the efficacy of public and market provision of education, health insurance, pensions,...

Persistent link: https://www.econbiz.de/10005662410

Storable Votes and Judicial Nominations in the U.S. Senate

Casella, Alessandra; Turban, Sébastien; Wawro, Gregory - C.E.P.R. Discussion Papers - 2014

We model a procedural reform aimed at restoring a proper role for the minority in the confirmation process of judicial nominations in the U.S. Senate. We propose that nominations to the same level court be collected in periodic lists and voted upon individually with Storable Votes, allowing each...

Persistent link: https://www.econbiz.de/10011084035

Public-private partnerships versus traditional procurement: An experimental investigation

Hoppe, Eva I; Kusterer, David J; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2010

A government agency wants an infrastructure-based public service to be provided. Our experimental study compares two different modes of provision. In a public-private partnership, the two tasks of building the infrastructure and operating it are delegated to one private contractor (a...

Persistent link: https://www.econbiz.de/10008784767

The Informational Role of the Business Cycle

Dellas, Harris - C.E.P.R. Discussion Papers - 2003

Economic decisions such as occupational and entrepreneurial choices may violate true comparative advantage when economic agents are uncertain about which activity best matches their talents. If relative performance varies over the business cycle (for instance, if downturns affect...

Persistent link: https://www.econbiz.de/10005504434

Deception detection and the role of self-selection

Konrad, Kai A.; Lohse, Tim; Qari, Salmai - C.E.P.R. Discussion Papers - 2013

We consider a lie-catching experiment with 9240 judgements. A set of videotapes shows subjects participating in a tax … compliance experiment. The subjects chose whether or not to misreport. Subjects knew that underreporters were chosen for an audit … the tax compliance experiment was higher. This suggests that, when subjects can choose whether to state the truth or to …

Persistent link: https://www.econbiz.de/10011084015