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Articles 1 - 27 of 27

Full-Text Articles in Political Economy

Grading Standards And Education Quality, Raphael Boleslavsky, Christopher Cotton Dec 2013

Grading Standards And Education Quality, Raphael Boleslavsky, Christopher Cotton

Raphael Boleslavsky

We consider a game in which schools compete to place graduates by investing in education quality and by choosing grading policies. In equilibrium, schools strategically adopt grading policies that do not perfectly reveal graduate ability to evaluators (including employers and graduate schools). We compare equilibrium outcomes when schools grade strategically to equilibrium outcomes when evaluators perfectly observe graduate ability. With strategic grading, grades are less informative, and evaluators rely less on grades and more on a school's quality when assessing graduates. Consequently, under strategic grading, schools have greater incentive to invest in quality, and this can improve evaluator welfare.


Progressive Screening: Long Term Contracting With A Privately Known Stochastic Process, Raphael Boleslavsky, Maher Said Dec 2012

Progressive Screening: Long Term Contracting With A Privately Known Stochastic Process, Raphael Boleslavsky, Maher Said

Raphael Boleslavsky

We examine a model of long-term contracting in which the buyer is privately informed about the stochastic process by which her value for a good evolves. In addition, the realized values are also private information. We characterize a class of environments in which the profit-maximizing long-term contract offered by a monopolist takes an especially simple structure: we derive sufficient conditions on primitives under which the optimal contract consists of a menu of deterministic sequences of static contracts. Within each sequence, higher realized values lead to greater quantity provision; however, an increasing proportion of buyer types are excluded over time, eventually ...


Selloffs, Bailouts, And Feedback: Can Asset Markets Inform Policy?, Raphael Boleslavsky, David L. Kelly, Curtis R. Taylor Dec 2012

Selloffs, Bailouts, And Feedback: Can Asset Markets Inform Policy?, Raphael Boleslavsky, David L. Kelly, Curtis R. Taylor

Raphael Boleslavsky

We present a model in which a policymaker observes trade in a financial asset before deciding whether to intervene in the economy, for example by offering a bailout or monetary stimulus. Because an intervention erodes the value of private information, informed investors are reluctant to take short positions and selloffs are, therefore, less likely and less informative. The policymaker faces a tradeoff between eliciting information from the asset market and using the information so obtained. In general she can elicit more information if she commits to intervene only infrequently. She thus may benefit from imperfections in the intervention process or ...


Agricultural Modernization In China And Its Impact On Cities: From The Perspective Of Rural-Urban Linkage, Qian Forrest Zhang Dec 2012

Agricultural Modernization In China And Its Impact On Cities: From The Perspective Of Rural-Urban Linkage, Qian Forrest Zhang

Qian Forrest ZHANG

No abstract provided.


Affective Economies: Indigenous Conflict Over Natural Resources In Contemporary India, Jesse Benjamin Mar 2012

Affective Economies: Indigenous Conflict Over Natural Resources In Contemporary India, Jesse Benjamin

Jesse Benjamin

No abstract provided.


Mncs And Chinese Workers: The Foxconn Case, Lukas Danner Mar 2012

Mncs And Chinese Workers: The Foxconn Case, Lukas Danner

Lukas K. Danner

No abstract provided.


China’S Milk Powder Incident And Governance Crisis, Qian Forrest Zhang Feb 2012

China’S Milk Powder Incident And Governance Crisis, Qian Forrest Zhang

Qian Forrest ZHANG

No abstract provided.


Building Democracy In Japan, Mary Alice Haddad Dec 2011

Building Democracy In Japan, Mary Alice Haddad

Mary Alice Haddad

How is democracy made real? How does an undemocratic country create new institutions and transform its polity such that democratic values and practices become integral parts of its political culture? These are some of the most pressing questions of our times, and they are the central inquiry of Building Democracy in Japan. Using the Japanese experience as starting point, this book develops a new approach to the study of democratization that examines state-society interactions as a country adjusts its existing political culture to accommodate new democratic values, institutions and practices. With reference to the country's history, the book focuses ...


The Value Of Domestic Subsidy Rules In Trade Agreements, Daniel Brou, Edoardo Campanella, Michele Ruta Dec 2011

The Value Of Domestic Subsidy Rules In Trade Agreements, Daniel Brou, Edoardo Campanella, Michele Ruta

Daniel Brou

No abstract provided.


Does The Individual Mandate Force Individuals To Buy Insurance?, Raphael Boleslavsky, Sergio J. Campos Dec 2011

Does The Individual Mandate Force Individuals To Buy Insurance?, Raphael Boleslavsky, Sergio J. Campos

Raphael Boleslavsky

The Patient Protection and Affordable Care Act contains provisions which penalize individuals for failing to purchase health insurance. These provisions are commonly known as the "individual mandate." Both critics and supporters believe that the individual mandate forces individuals to buy health insurance, but supporters argue that this coercion is necessary. This term, the Supreme Court will address the constitutionality of the mandate, and this legal issue has sparked debate about the government's power to force individuals to purchase a private good. In this Essay we question the consensus that the individual mandate forces individuals to pay for health insurance ...


Information And Extremism In Elections, Raphael Boleslavsky, Christopher Cotton Dec 2011

Information And Extremism In Elections, Raphael Boleslavsky, Christopher Cotton

Raphael Boleslavsky

We show that informative political campaigns can increase political extremism and decrease voter welfare. We present a model of elections in which candidate ideology is strategically selected prior to a campaign which reveals information about candidate quality. Documented means by which campaigns can harm voters are not present in our model; special interest groups, fundraising, and biased or private information are not part of the analysis. Even under these optimistic assumptions, we establish that informative campaigns have negative consequences. We discuss implications regarding media coverage, the number of debates, and campaign finance reform.


Avanzando En La Integración De América Latina: Elementos Jurídico - Económicos Para La Construcción De Una Propuesta En Materia De Convergencia, Iván A. Rojas V Jun 2011

Avanzando En La Integración De América Latina: Elementos Jurídico - Económicos Para La Construcción De Una Propuesta En Materia De Convergencia, Iván A. Rojas V

Iván Rojas V

En un escenario comercial caracterizado por el auge de Acuerdos de Libre Comercio (ALC) en América Latina y el mundo – conocido como Spaghetti Bowl – la búsqueda de alternativas para la reducción de la complejidad jurídica y económica que implica la proliferación de ALC, es en la actualidad uno de los temas relevantes en el contexto académico y político regional.
Existen algunos estudios, iniciativas y propuestas preliminares para abordar el tema de la convergencia en América Latina y el Caribe, como discusiones y aportes teóricos de expertos y entidades locales y regionales que son un insumo fundamental para la discusión.
Al ...


Business Cycle Program, Howard J. Sherman Dec 2010

Business Cycle Program, Howard J. Sherman

HOWARD J SHERMAN

No abstract provided.


Evolving Influence: Resolving Extreme Conflicts Of Interest In Advisory Relationships, Raphael Boleslavsky, Tracy Lewis Dec 2010

Evolving Influence: Resolving Extreme Conflicts Of Interest In Advisory Relationships, Raphael Boleslavsky, Tracy Lewis

Raphael Boleslavsky

An advocate for a special interest provides advice to an uninformed planner for her to consider in making a sequence of decisions. Although the advocate may have valuable information for the planner, it is also known that the advocate is interested only in advancing his cause and will distort his advice in order to influence the planner's decision. Each time she repeats the problem, however, the planner learns about the accuracy of the advocate's recommendation, mitigating some of the advocate's incentive to act in a self-serving manner. We propose a theory to explain why planners do sometimes ...


Fiscal Federalism In Chinese Taxation, Wei Cui Dec 2010

Fiscal Federalism In Chinese Taxation, Wei Cui

Wei Cui

The legal debate about the decentralization of taxing power in China has mainly centered around a directive issued by the State Council at the end of 1993, which directive, at the same time as launching the well-known and widely-discussed tax reform of 1994, announced that legislative power regarding taxation would be reserved exclusively for the central government. This directive has no constitutional basis, and its subsequent statutory incarnations are all either incomplete or ambiguous. Moreover, in the adoption of tax regulations for many types of taxes, there have been numerous deviations from this principle of centralization, and the bearing of ...


Dynamic Regulation Design Without Payments: The Importance Of Timing, Raphael Boleslavsky, David L. Kelly Dec 2010

Dynamic Regulation Design Without Payments: The Importance Of Timing, Raphael Boleslavsky, David L. Kelly

Raphael Boleslavsky

We consider a two period model of optimal regulation of a firm subject to marginal compliance cost shocks. The regulator faces an asymmetric information problem: the firm knows current compliance costs, but the regulator does not. Both the regulator and the firm are uncertain about future costs. In our basic framework, the regulator may not offer payments to the firm; we show that the regulator can vary the strength of regulation over time to induce the firm to reveal its costs and increase welfare. In the optimal mechanism, the regulator offers stronger (weaker) regulation in the first period and weaker ...


Through The Doughnut Hole: Reimagining The Social Security Contribution And Benefit Base Limit, Patricia E. Dilley Dec 2009

Through The Doughnut Hole: Reimagining The Social Security Contribution And Benefit Base Limit, Patricia E. Dilley

Patricia E Dilley

ABSTRACT The Obama campaign proposal to address Social Security's future financing shortfalls by increasing the Social Security tax base limit only for those making more than $250,000 per year raises the broader question of the function of the base limit from a Social Security program perspective. The public supports increasing the wage base above all other possible avenues for solving long term financing issues, but the problems with the Obama "doughnut hole" proposal are substantial from several perspectives. In this article, the author suggests that the function of the base limit be reconsidered, and the benefit accrual function ...


Flying Passports Of Convenience, Karl T. Muth Dec 2008

Flying Passports Of Convenience, Karl T. Muth

Karl T Muth

This paper proposes an economic alternative to the legal construct of citizenship that currently dominates international law.


Immigration And Social Justice, David Ingram Dec 2001

Immigration And Social Justice, David Ingram

David Ingram

Examines cosmopolitan and communitarian approaches to immigration policy against the backdrop of North/South economic disparities, the oil crisis of the 1970s; the growth of indebtedness in the developing world; and disparities in population growth between developed and undeveloped countries.


Comercio Intraindustrial En Europa: Determinantes Nacionales, Miguel Carrera Troyano Dec 1998

Comercio Intraindustrial En Europa: Determinantes Nacionales, Miguel Carrera Troyano

Miguel Carrera Troyano

En este trabajo se contrasta empíricamente la capacidad de los determinantes propuestos por la teoría para explicar la variación por países de los índices bilaterales de comercio intraindustrial (total, horizontal y vertical) de cinco países europeos (España, Francia, Alemania, Italia y Reino Unido). Tras presentar la metodología empleada para distinguir el comercio intraindustrial vertical y horizontal se presentan los resultados de la aplicación a los cinco países. Asimismo, se proponen y contrastan diferentes hipótesis explicativas, sin seguir un único modelo teórico, de la variabilidad entre países de los índices de comercio intraindustrial. Se concluye, entre otras cosas, que una parte ...


Minority Procurement: Beyond Affirmative Action To Economic Empowerment, Sherri Wallace Dec 1998

Minority Procurement: Beyond Affirmative Action To Economic Empowerment, Sherri Wallace

Sherri L. Wallace

This is an inferential case study of minority procurement activity in Erie County situated in the ambivalent climate regarding the continuation of federal procurement policies to minorities.  


Restrictiong Taxation: The Impact Of Proposition 13 On California Tax And Expenditure Trends, Robert L. Sexton, Gary M. Galles Dec 1994

Restrictiong Taxation: The Impact Of Proposition 13 On California Tax And Expenditure Trends, Robert L. Sexton, Gary M. Galles

Robert L Sexton

No abstract provided.


Industrial Structure, Campaign Contributions And Policy Outcomes. Dissertation, Andrew Ewoh Dec 1992

Industrial Structure, Campaign Contributions And Policy Outcomes. Dissertation, Andrew Ewoh

Andrew I.E. Ewoh

The study examines whether businesses in concentrated and/or highly regulated industries are more likely to make large campaign contributions in the attempt to reduce tax rates and increase retained earnings. While a number of studies have explored business-government relations, direct empirical explorations of the problem reported conflicting results. The diversity of results coupled with various explanations about the extent of business influence on public policy calls not only for further research, but also the use of alternative methodologies.

To this end, this study proposes a dual analytical framework based on contemporary theories of business power and political influence. The ...


Rationalising The Economic Metaphor, Rowan Cahill Dec 1991

Rationalising The Economic Metaphor, Rowan Cahill

Rowan Cahill

Contemporary critique of the developing trend towards education institutions being run as businesses, and for students to be treated as economic units.


Foundations Of Radical Political Economy, Howard Sherman Dec 1986

Foundations Of Radical Political Economy, Howard Sherman

HOWARD J SHERMAN

No abstract provided.


The Salt Of Public Enterprise., Derek Shearer Feb 1976

The Salt Of Public Enterprise., Derek Shearer

Derek Shearer

Examines the basic flaws in the American economy. Need to look beyond economics to political economy; Economists' opinion that inflation could be decreased if productivity were to rise faster than prices; Need to increase competition; Democratic economy's need to increase free choice.


The Negotiated Guilty Plea: A Framework For Analysis, Richard Adelstein Dec 1974

The Negotiated Guilty Plea: A Framework For Analysis, Richard Adelstein

Richard Adelstein

My dissertation of 1975, published by Garland Publishing in their series Outstanding Dissertations in Economics, 1984