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Group specific public goods, orchestration of interest groups and free riding

Epstein, Gil S.; Mealem, Yosef - 2009

We consider a two group contest over a group specific public good where each member of a group has a different benefit from the good. Our model can be interpreted in two ways: Each of the players has a non-linear investment cost in the contest, or alternatively, the returns to effort are...

Persistent link: https://www.econbiz.de/10010336001

Free-riding or internalizing? An opportunistic view on decentralization versus centralization

Fiorillo, Fabio; Sacchi, Agnese - 2011

comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …

Persistent link: https://www.econbiz.de/10010274883

Debt, deleveraging and business cycles: An agent-based perspective

Raberto, Marco; Teglio, Andrea; Cincotti, Silvano - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-27, pp. 1-49

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modeling does not take into … account debt as one of the crucial determinants of economic dynamics. The authors' contribution, in this paper, is to …

Persistent link: https://www.econbiz.de/10010309605

Debt, liquidity and dynamics

Polemarchakis, H. M.; Rochon, Céline - 2001

Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for … debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …

Persistent link: https://www.econbiz.de/10010318857

Credit card debt puzzles

Haliassos, Michael; Reiter, Michael - 2005

Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by …

Persistent link: https://www.econbiz.de/10010298310

Debt deleveraging and business cycles: An agent-based perspective

Raberto, Marco; Teglio, Andrea; Cincotti, Silvano - 2011

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modelling does not take into … account debt as one of the crucial determinants of economic dynamics. Our contribution, in this paper, is to investigate the …

Persistent link: https://www.econbiz.de/10010305980

Debt, poverty and resource management in a rural smallholder economy

Barbier, Edward B.; López, Ramón - 1998

This paper explores the link between poverty and resource allocation, including the management of natural resources, by chronically indebted rural smallholders in developing countries. The paper proposes a formal intertemporal model of a credit constrained farm household that can invest in...

Persistent link: https://www.econbiz.de/10011608455

Contest with Attack and Defence: Does Negative Campaigning Increase or Decrease Voters Turnout?

Soubeyran, Raphaël - 2005

We present a general model of two players contest with two types of efforts. Contrary to the classical models of contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players, contestants are allowed to reduce the effort of the opponent....

Persistent link: https://www.econbiz.de/10010312400

The political economy of Kosher Wars

Epstein, Gil S.; Gang, Ira N. - 2002

In this paper we develop a theory of â€œKosher Warsâ€ under which Rabbis (certifying authorities) compete to enhance …

Persistent link: https://www.econbiz.de/10010318373

Political parties and network formation

Miettinen, Topi; Poutvaara, Panu - 2006

We argue that anticorruption laws may provide an efficiency rationale for why political parties should meddle in the distribution of political nominations and government contracts. Anticorruption laws forbid trade in spoils that politicians distribute. However, citizens may pay for gaining...

Persistent link: https://www.econbiz.de/10010261414