Similar Search Results

Delegated Contracting and Corporate Hierarchies

Park, In-Uck; Choe, Chongwoo - Econometric Society - 2004

be optimal, using a model of a firm with three parties: the principal, the manager and the worker. In centralization with …-a-vis centralization, document comparative statics results regarding the benefits of delegation and the distribution of total surplus, and … discuss when delegation is more likely to dominate centralization …

Persistent link: https://www.econbiz.de/10005063551

Horizontal Versus Vertical Tax Competition: An Empirical Test

Jametti, Mario; Brülhart, Marius - Econometric Society - 2004

In a federation, where different levels of government tax the same base, one can observe two types of externalities: a horizontal externality, working among jurisdictions of the same hierarchical level and leading to tax rates that are suboptimally low; and a vertical externality, working...

Persistent link: https://www.econbiz.de/10005699659

The Politics of WTO Enforcement Mechanisms

Chang, Pao-Li - Econometric Society - 2004

This paper analyzes the influence of domestic political considerations by disputing governments on the WTO enforcement outcome, following a violation ruling against the defendant. Since a different mix of import or export sectors in the disputing countries will benefit from the alternative...

Persistent link: https://www.econbiz.de/10005702556

Political Economy of Infrastructure Investment: A Spatial Approach

Meagher, Kieron; Ghosh, Arghya - Econometric Society - 2004

The importance of infrastructure for growth is well established in the macroeconomic literature. Previous research has treated public investment in infrastructure as exogenous. We remedy this shortcoming by providing a political economy analysis of infrastructure choice based upon consumer...

Persistent link: https://www.econbiz.de/10005702622

The Pivotal Voter Model: Evidence from Texas Liquor Referenda

Moro, Andrea; Coate, Stephen; Conlin, Michael - Econometric Society - 2004

We use data from Texas liquor referenda to evaluate the performance of the pivotal-voter theory of voter turnout. We structurally estimate the parameters of a pivotal-voter model using the referendum data. We then use the estimates to evaluate the out of sample performance of the model. Finally,...

Persistent link: https://www.econbiz.de/10005702685