Author: Jason DeBackerPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Essays on Dynamic Political Economy
Author: Jason DeBackerEssays in Dynamic Political Economy
Author: Germán Sergio GieczewskiPublisher:
ISBN:
Category :
Languages : en
Pages : 171
Book Description
The dissertation consists of three essays on dynamic problems in political economy. The first essay studies motivated communication on networks. Agents have some hard information about the world and choose whether to tell their neighbors. Information received from other agents can be shared in later meetings. Agents' preferences are mis-aligned, tempting senders to lie by omission. The model yields three main conclusions. First, there is incomplete learning. Second, signals that are close to the mean are more likely to propagate. The reason is that moderate signals travel in both directions, whereas extreme signals are communicated in a predictable direction, which stifles their propagation. Third, if agents are forward-looking, concerns about informational cascades lead to segmentation: agents with close preferences hide information from each other to prevent it from traveling further. The second essay analyzes the evolution of organizations that allow free entry and exit of members, such as cities, trade unions, religious organizations and cooperatives. The organization chooses a policy, which influences the set of agents who want to become members, but current members decide policy in the next period. This generates feedback effects: an organization with a policy x may attract a population with a median-preferred policy higher than x, so a higher policy will be chosen in the next period; but the new policy will attract members wanting an even higher policy, and so on. The set of steady states is pinned down by the preference distribution; equilibrium paths converge to these steady states depending on the starting position. Unlike in models with a fixed population, a small change in the preference distribution can cause dramatic changes in the long-run policy. The third essay studies the impact of term limits on elections where biased candidates compete through ability investments and platform choice. Good politicians facing weak competition extract policy rents, which lowers welfare. Moreover, incumbents exacerbate rent extraction by deterring challenger entry. Term limits alleviate this problem by creating open elections. However, they also lower incumbent quality, so their overall impact is ambiguous. Strong limits are better when politicians are more biased, and challengers' entry cost is intermediate.
Essays on Dynamic Political Economy
Author: Salvatore NunnariPublisher:
ISBN:
Category : Game theory
Languages : en
Pages : 346
Book Description
Essays on Dynamic Political Economy
Author: Ana McDowallEssays on Political Economy
Author: Mathew CareyPublisher:
ISBN:
Category : Economics
Languages : en
Pages : 570
Book Description
Essays on Dynamic Political Economy
Author: Jason Matthew DeBackerPublisher:
ISBN:
Category :
Languages : en
Pages : 132
Book Description
Essays on Dynamic Political Economy
Author: Zheng SongPublisher:
ISBN: 9789171551061
Category : Economics
Languages : en
Pages : 147
Book Description
Essays in Political Economy
Author: John Elliot CairnesPublisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 396
Book Description
Essays on Political Economy
Author: Frédéric BastiatPublisher: DigiCat
ISBN:
Category : Fiction
Languages : en
Pages : 232
Book Description
DigiCat Publishing presents to you this special edition of "Essays on Political Economy" by Frédéric Bastiat. DigiCat Publishing considers every written word to be a legacy of humankind. Every DigiCat book has been carefully reproduced for republishing in a new modern format. The books are available in print, as well as ebooks. DigiCat hopes you will treat this work with the acknowledgment and passion it deserves as a classic of world literature.
Macroeconomic Dynamics
Author: Bernard LonerganPublisher: University of Toronto Press
ISBN: 148758878X
Category : Philosophy
Languages : en
Pages :
Book Description
Few theologians in history have matched Bernard Lonergan's range of learning. Fewer still have written on the "dismal science" of economics. Rooted so solidly in the concerns of this world, economics is not a discipline we associate with the more rarified pursuit of theology. In this long-awaited volume, Lonergan demonstrates the short-sightedness of this view. This companion volume to For A New Political Economy (Collected Works of Bernard Lonergan, Volume 21) continues the work of bringing together the various elements of Lonergan's economic thought. His economic writings span forty years and represent one of the most important intellectual achievements of the twentieth century. They have previously been inaccessible outside of the Lonergan research community as the majority of them have not been formally published, and exist only as a group of unfinished essays and material for courses on economics taught by Lonergan. Lonergan's economic ideas track a different line of thought from that taken by contemporary economists. Macroeconomic Dynamics: An Essay in Circulation Analysis represents the economic thought of Lonergan at the end of his career. His analysis, while taking a fresh look at fundamental variables, breaks from centralist theory and practice towards a radically democratic perspective on surplus income and non-political control, and explores more fully the ideas introduced in For a New Political Economy. This work will be read not only by economists but also by liberation theologians, political theologians, and others inside and outside of religious organizations interested in social justice issues and alternative approaches to economics.