Showing 1 - 10 of 261
I model the ocean as an array of lines set within a two-dimensional frame, and show how the Exclusive Economic Zone emerged as an equilibrium in customary international law. I find that custom codifies the efficient Nash equilibrium of enclosure for nearshore fisheries. For highly migratory and...
Persistent link: https://www.econbiz.de/10014315058
This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. Targeted early...
Persistent link: https://www.econbiz.de/10002576887
On 23 June 2016, the British electorate voted to leave the European Union. We analyze vote and turnout shares across 380 local authority areas in the United Kingdom. We find that exposure to the EU in terms of immigration and trade provides relatively little explanatory power for the referendum...
Persistent link: https://www.econbiz.de/10011646454
dynamic state formation process in the context of Scotland within the UK. First, we review the recent research in economic … history on the persistence and evolution of such fundamentals. Second, we consider the history of Scotland both before and … fundamental persistence for current debates on the place of Scotland within the UK. …
Persistent link: https://www.econbiz.de/10012798138
evidence from a policy intervention, that universalized previously means-tested caregiving supports in Scotland, known as free …
Persistent link: https://www.econbiz.de/10013255977
In this paper we investigate the economic activity of married or cohabiting female immigrants in Britain. We distinguish between two immigrant groups: foreign-born females who belong to an ethnic minority group and their husbands, and foreign-born white females and their husbands. We compare...
Persistent link: https://www.econbiz.de/10003204026
This paper attempts to provide a conceptual framework for the analysis of counterfactual scenarios using macroeconometric models. As an application we consider UK entry to the euro. Entry involves a long-term commitment to restrict UK nominal exchange rates and interest rates to be the same as...
Persistent link: https://www.econbiz.de/10003109826
We use linked employer-employee data to investigate the job satisfaction effect of unionisation in Britain. We depart from previous studies by developing a model that simultaneously controls for the endogeneity of union membership and union recognition. We show that a negative association...
Persistent link: https://www.econbiz.de/10002738380
Beginning in the mid-seventeenth century, England changed its system of raising revenues from tax farming, combined with the granting of monopolies, to direct collection within the government administration. Rents were then transferred from tax farmers and monopolists to the central government...
Persistent link: https://www.econbiz.de/10002855576
Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...
Persistent link: https://www.econbiz.de/10003763282