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Ben-Bassat, Avi; Dahan, Momi - CESifo - 2008

This paper uses the unique social structure of Arab communities to examine the effect of social identity on voter turnout. We first show that voters are more likely to vote for a candidate who shares their social group (signified by last name) as compared to other candidates. Using last name as...

Persistent link: https://www.econbiz.de/10005405976

Forecasting Euro Area Real GDP: Optimal Pooling of Information

Hülsewig, Oliver; Mayr, Johannes; Wollmershäuser, Timo - CESifo - 2008

This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are derived by optimally pooling the information contained in national indicator series. Following the ideas of predictive modeling, we construct the area-wide indicators by...

Persistent link: https://www.econbiz.de/10005181446

Aggregation in Large Dynamic Panels

Pesaran, Hashem M.; Chudik, Alexander - CESifo - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ‘observed’ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

Persistent link: https://www.econbiz.de/10008853858

Households, Markets and Public Choice

Gersbach, Hans; Haller, Hans - CESifo - 2014

We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...

Persistent link: https://www.econbiz.de/10010889986

Labor Policies and Capital Mobility in Theory and in EMU

Bertola, Giuseppe - CESifo - 2014

“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern...

Persistent link: https://www.econbiz.de/10010877938

Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds

Belke, Ansgar; Schneider, Friedrich - CESifo - 2004

Persistent link: https://www.econbiz.de/10005766310

Did the Japanese Patient Follow the Doctor's Orders? Mostly no! A Public Choice Analysis of Greenhouse Gas Emissions Trading Schemes in Japan before and after the Earthquake

Rudolph, Sven; Schneider, Friedrich - CESifo - 2011

The Great Tôhoku-Earthquake and the following nuclear meltdown in Fukushima called the world’s attention to Japans’ energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from reaching its Kyoto target. Emissions trading systems...

Persistent link: https://www.econbiz.de/10009364314

The Political Economy of Conscription

Poutvaara, Panu; Wagener, Andreas - CESifo - 2009

Though in decline recently, military conscription is still a widely used mode of staffing armies. Since not many valid economic, social or military arguments in favor of the draft can be put forward, the question emerges why societies choose to rely on it. In this survey we explain the political...

Persistent link: https://www.econbiz.de/10008583739

Tullock Challenges: Happiness, Revolutions and Democracy

Frey, Bruno S. - CESifo - 2011

Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical “Tullock Challenges”. The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...

Persistent link: https://www.econbiz.de/10009019143