Equilibrium sorting in a finite-horizon, two-sided matching market with heterogeneous agents is considered. It is shown that, if the match production function is additively separable in agent-types and if the division of match output is determined by the Nash bargaining solution, then an...

This paper explores the relationship between special-interest groups and volatility of GDP growth. In an unbalanced panel of 108 countries, we find a significant negative relationship between the number of interest groups in a country and the volatility of GDP growth.

Since the 1970s, there have been substantial financial reforms across the world, however little research has been devoted to studying the convergence path of these reforms. While Abiad and Mody (Am Econ Rev 95:66–88, <CitationRef CitationID="CR1">2005</CitationRef>) find that there is movement towards a global ‘norm’ of financial...</citationref>

This paper empirically explores the relationship between special-interest groups and volatility, with focus on the interplay between groups and democracy and on the impact of groups on policy volatility. We find that countries with more interest groups are characterized by less policy...

This paper explores the relationship between special-interest groups and volatility of GDP growth. In an unbalanced panel of 108 countries, we find a significant negative relationship between the number of interest groups in a country and the volatility of GDP growth.