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Inequality, democracy, institutional quality, and fiscal redistribution

Chong, Alberto; Gradstein, Mark - 2007

This paper studies the joint effect of economic and political inequalities on redistributive taxation and institutional quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The...

Persistent link: https://www.econbiz.de/10010278272

Structural change and the Kaldor facts in a growth model with relative price and non-Gorman preferences

Boppart, Timo - 2011

) are consistent with observation (i)-(iii) but abstract form non-homotheticities of preferences. However, they cannot …

Persistent link: https://www.econbiz.de/10010316847

Individual sense of fairness: An experimental study

Karni, Edi; Salmon, Timothy C.; Sopher, Barry - 2001

. Several other properties of the subjects' preferences are also checked such as whether or not their preferences are symmetric … with respect to the other players, the impact of endowment effects on preferences for fairness and the notion of fairness …

Persistent link: https://www.econbiz.de/10010318333

Dynamic cost-benefit analysis of large projects: The role of capital costs

Li, Chuan-Zhong; Löfgren, Karl-Gustaf - 2010

This paper derives a dynamic cost-benefit rule for evaluating large projects.We show that, in addition to the conventional income and consumer surplus measures, the rule also entails an extra term involving capital cost changes.

Persistent link: https://www.econbiz.de/10010321466

Journey into the unknown? Economic consequences of factor market integration under increasing returns to scale

Schäfer, Andreas; Steger, Thomas - 2012

What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....

Persistent link: https://www.econbiz.de/10010309230

When are preferences consistent? The effects of task familiarity and contextual cues on revealed and stated preferences

Schläpfer, Felix; Fischhoff, Baruch - 2010

Traditionally, economists make a sharp distinction between stated and revealed preferences, viewing the latter as more … choices, suggesting that both can measure underlying preferences, if necessary conditions are met. We propose that a necessary … questions regarding the roles of social institutions in shaping preferences. …

Persistent link: https://www.econbiz.de/10010315548

How do informal agreements and renegotiation shape contractual reference points?

Fehr, Ernst; Hart, Oliver; Zehnder, Christian - 2011

Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and expost renegotiation....

Persistent link: https://www.econbiz.de/10010316871

Interactions between local and migrant workers at the workplace

Epstein, Gil S.; Mealem, Yosef - 2010

In this paper we consider the interaction between local workers and migrants in the production process of a firm. Both local workers and migrants can invest effort in assimilation activities in order to increase the assimilation of the migrants into the firm and so by increase their interaction...

Persistent link: https://www.econbiz.de/10010336063

Job search with bidder memories

Carrillo-Tudela, Carlos; Menzio, Guido; Smith, Eric - 2009

This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this...

Persistent link: https://www.econbiz.de/10010292335

Inventories, employment and hours

Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002

The purpose of this paper is to develop a model that integrates inventory and labor decisions We extend a model of inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs associated with it In particular we distinguish between...

Persistent link: https://www.econbiz.de/10010293442