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applied to a business firm's dynamic problem of determining its optimum level of investment activity, when the longevity (life … span) of the investment is itself a variable determined by the level of investment. Usually, the longevity of an investment … is taken as given and fixed. Here, the level of investment activity has a dual effect, determining not only the longevity …
Persistent link: https://www.econbiz.de/10013269245
This paper looks into the investment behavior of multinational firms with respect to their locked-out foreign earnings … real income perspective the primary choice of investment for locked-out earnings is no longer a function of the investment …’s profitability, but of the type of the investment (active or passive) and the stage of its maturity as proxies for whether the …
Persistent link: https://www.econbiz.de/10014157518
This paper examines the U.S. Supreme Court's 2010 Citizens United decision, which lifted bans on independent expenditures by corporations and unions. Using a difference-in-differences design, the study compares states with and without pre-existing bans, focusing on gubernatorial elections. The...
Persistent link: https://www.econbiz.de/10015066323
Revolving door laws restrict public officials from representing private interests before government after leaving office. While these laws mitigate potential conflicts of interest, they also may affect the pool of candidates for public positions by lowering the financial benefits of holding...
Persistent link: https://www.econbiz.de/10015361502
This paper investigates the relation between political engagement by special interest groups (corporations and labor unions) and corporate stock returns in the United States. Exploiting two opposing interventions affecting the legality of soft-money political contributions from unions and...
Persistent link: https://www.econbiz.de/10012900156
With respect to the election of the U.S. President, the U.S. Constitution is vague and full of silences and gaps. Responding to the constitutional crisis of 1876, the Electoral Count Act of 1887 (ECA) attempted to offer more specific rules. The ECA was a major advance, but in important ways, it...
Persistent link: https://www.econbiz.de/10014264435
Prozent-Hürden sollen eine Zersplitterung in Parlamenten verhindern und Parteien nur in Fraktionsstärke hineinlassen. Dazu werden bislang die Stimmen für Parteien unterhalb der Hürde gar nicht berücksichtigt. Diese Ungleichheit der Wahl und Benachteiligung von kleinen Parteien ließe sich...
Persistent link: https://www.econbiz.de/10012615910
Ideally, a representative democracy awards a genuine vote to each adult. We study whether this applies in competitive democracies with an election model combining district appor- tionment and proportional representation (PR). Four classic seat allocation rules, including d'Hondt (1882), are...
Persistent link: https://www.econbiz.de/10012838852
The ‘efficiency gap' method has gained notoriety recently by playing an important role in framing the Gill v Whitford gerrymandering case decided in Wisconsin and heard by the US Supreme Court. The story of the efficiency gap is captivating as it frames all votes it deems unnecessary as...
Persistent link: https://www.econbiz.de/10012901168
Politicians are persons involved in the process of public policymaking in their role as members of governments, parliaments, political parties, and other political bodies at the (sub)national level (e.g., local government, state legislature, national parliament, etc.) as well as within the...
Persistent link: https://www.econbiz.de/10012907716