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Do large cabinets favor large governments? : evidence from Swiss sub-federal jurisdictions
Schaltegger, Christoph A.; Feld, Lars P. - 2004
interact with fragmentation in determining government size. The empirical study of the role of fragmented governments for …
Persistent link: https://www.econbiz.de/10011451337
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Net neutrality and internet fragmentation : the role of online advertising
D'Annunzio, Anna; Russo, Antonio - 2015 - This version: July 2015
We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market … strategically set termination fees to induce fragmentation. This takes place when advertising revenues are potentially large but … identify an important link between termination fees, the online advertising market and Internet fragmentation. We extend the …
Persistent link: https://www.econbiz.de/10011305392
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Divided they fall : fragmented parliaments and government stability
Carozzi, Felipe; Cipullo, Davide; Repetto, Luca - 2020
This paper studies how political fragmentation affects government stability. We show that each additional party with … fragmentation in parliaments worldwide may have a substantial impact on stability and political selection. …
Persistent link: https://www.econbiz.de/10012197630
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The structure of multinational firms' international activities
Davies, Ronald B.; Markusen, James R. - 2020
The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...
Persistent link: https://www.econbiz.de/10012174819
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Urban specialisation : from sectoral to functional
Antoine, Antoine; Markusen, James R.; Venables, Anthony - 2021
The comparative advantage of many cities is based on their efficiency in the production of "functions", e.g., business services such as finance, law, engineering, or similar functions that are used by firms in a wide range of sectors. Firms that use these functions may choose to source them...
Persistent link: https://www.econbiz.de/10012417745
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Private bank deposits and macro/fiscal risk in the euroarea
Arghyrou, Michael Georgiou; Gadea, María Dolores - 2019
tested hypotheses. They also reveal persistent fragmentation between EMU core and periphery banking systems caused by a …
Persistent link: https://www.econbiz.de/10011982211
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Import competition and U.S. sentiment toward China
Arezki, Rabah; Duong Trung Le; Nguyen, Ha; Nguyen, Hieu - 2024
We empirically examine how import competition affects sentiment toward China in local communities in the United States using a news-based index for sentiment. Results are threefold. First, U.S. sentiment toward China peaked in 2007 before turning negative. Second, communities more exposed to...
Persistent link: https://www.econbiz.de/10014514814
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Inflation and wealth distribution
Heer, Burkhard; Süssmuth, Bernd - 2003
The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG model that is calibrated with regard to the characteristics of the US economy. Poor agents accumulate savings predominantly in the form of money, while rich agents participate in...
Persistent link: https://www.econbiz.de/10011514109
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The distributional consequences of rent seeking
Angelopoulos, Angelos; Angelopulos, Kōnstantinos; … - 2019
Rent seeking leads to a misallocation of resources that worsens economic outcomes and reduces aggregate welfare. We conduct a quantitative examination of the distributional effects of rent extraction via the financial sector. Rent seeking introduces a possibility for insurance against...
Persistent link: https://www.econbiz.de/10012103582
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Monetary policy and racial inequality
Bartscher, Alina Kristin; Kuhn, Moritz; Schularick, Moritz - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012428946