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White Hats or Don Quixotes? Human Rights Vigilantes in the Global Economy

Elliott, Kimberly Ann; Freeman, Richard B. - 2021

With the continuing expansion of global economic integration, labor standards in developing countries have become a hot button issue. One result has been a proliferation of efforts to use the market to put pressure directly on multinational corporations to improve wages and working conditions in...

Persistent link: https://www.econbiz.de/10013246261

Social Policy Dimensions of Economic Integration : Environmental and Labour Standards

Anderson, Kym - 2021

Social policies, particularly environmental and labour issues, are not new to trade policy fora including the GATT. However, they are likely to have a more prominent role in trade policy discussions in the years ahead for the new World Trade Organization. Many developing countries perceive the...

Persistent link: https://www.econbiz.de/10013249224

Trade Wars : The Exaggerated Impact of Trade in Economic Debate

Freeman, Richard B. - 2021

The rules governing trade and capital flows have been at the center of controversy as globalization has proceeded. One reason is the belief that trade and capital flows have massive effects on the labor market -- either positive, per the claims of international financial institutions and free...

Persistent link: https://www.econbiz.de/10013230810

Observations on International Labor Standards and Trade

Krueger, Alan B. - 2021

This paper reviews the theoretical arguments for and against linking international labor standards to trade. Based on theory alone it is difficult to generalize about the effect of labor standards on efficiency and equity. Some economists have argued that international labor standards are merely...

Persistent link: https://www.econbiz.de/10013313652

Misclassification in Binary Choice Models

Meyer, Bruce D. - 2014

While measurement error in the dependent variable does not lead to bias in some well-known cases, with a binary dependent variable the bias can be pronounced. In binary choice, Hausman, Abrevaya and Scott-Morton (1998) show that the marginal effects in the observed data differ from the true ones...

Persistent link: https://www.econbiz.de/10013047031

Congressional Vote Options

King, David C.; Zeckhauser, Richard - 2022

Among political practitioners, there is conventional wisdom about the outcomes of critical and salient legislative votes. 'This vote,' we hear, ' will either win by a little or lose by a lot.' Real-world examples suggest coalition leaders purchase 'hip-pocket' votes and "if you need me" pledges,...

Persistent link: https://www.econbiz.de/10014175679

The Generalized War of Attrition

Bulow, Jeremy; Klemperer, Paul - 2021

We generalize the War of Attrition model to allow for N + K firms competing for N prizes. Two special cases are of particular interest. First, if firms continue to pay their full costs after dropping out (as in a standard-setting context), each firm's exit time is independent both of K and of...

Persistent link: https://www.econbiz.de/10013219185

Credibility and Policy Convergence : Evidence from U.S. House Roll Call Voting Records

Lee, David S.; Moretti, Enrico; Butler, Matthew J. - 2021

within the context of Representatives' roll call voting behavior in the U.S. House (1946-1994). The RD design implies that … variation to examine if Representatives' roll call voting patterns do not respond to large exogenous changes in the probability …

Persistent link: https://www.econbiz.de/10013223563

The Vote is Cast : The Effect of Corporate Governance on Shareholder Value

Cuñat, Vicente - 2010

This paper estimates the effect of corporate governance provisions on shareholder value and long-term outcomes in S&P1500 firms. We apply a regression discontinuity design to shareholder votes on governance proposals in annual meetings. A close-call vote around the majority threshold is akin to...

Persistent link: https://www.econbiz.de/10013135406

Friends in High Places

Cohen, Lauren - 2010

We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U … consistent predictors of voting behavior. For the former, we estimate sharp measures that control for common characteristics of … networks on voting. We find that the effect of alumni networks is close to 60% of the size of the effect of state …

Persistent link: https://www.econbiz.de/10013137309