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Policy analysis in a matching model with intensive and extensive margins
In: NBER working paper series 13007
The large differences in hours of work across industrialized countries reflect large differences in both employment to population ratios and hours per worker. We imbed the canonical model of labor supply into a standard matching model to produce a model in which both the intensive and extensive margins are operative. We then assess the implications of several policies for changes along the two margins. Firing taxes and entry barriers both lead to changes in hours and employment in opposite directions, while tax and transfer policies lead to decreases in both employment and hours per worker.
Factions and political competition
In: NBER working paper series 13008
This paper presents a new model of political competition where candidates belong to factions. Before elections, factions compete to direct local public goods to their local constituencies. Voters view the public goods as a credible signal that their local candidate is in the right (i.e., powerful) faction. The model of factional competition delivers a rich set of implications relating the internal organization of the party to the allocation of resources. Several key theoretical predictions of the model find a counterpart in our empirical analysis of newly coded data on the provision of water services in Mexico.
Water markets in the West: prices, trading, and contractual forms
In: NBER working paper series 13002
Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water rights and regulatory issues. Second, we place our research in the context of the economics literature on water marketing. Third, we present new, comprehensive data on prices and the extent, nature, and timing of water transfers across 12 western states from 1987-2005. We find that prices are higher for agriculture-to-urban trades versus within-agriculture trades, in part, reflecting the differences in marginal values between the two uses. Prices for urban use are also growing relative to agricultural use. Markets are responding in that the number of agriculture-to-urban transactions is rising, whereas the number of agriculture-to-agriculture transfers is not. Further, there is a shift from using short-term leases to using multi-year leases of water and permanent sales of water rights. This pattern underscores the need to consider the amounts of water obligated over time, rather than examining only annual flows in assessing the quantities of water traded as is the common practice in the literature. Considering water obligated over time, termed committed water, we find significantly more is transferred and the direction of trading is different than if the focus is on annual flows. Finally, the data reveal considerable variation in water trading across the states.
Les résistances des Alsaciens-Mosellans durant la Seconde Guerre mondiale, 1939 - 1945: actes du colloque ... à Strasbourg, 19 et 20 novembre 2004
In: Publications du Centre de recherche histoire et civilisation de l'Université de Metz, 29
World Affairs Online
Progressiver Islam in Theorie und Praxis: die interne Kritik am hegemonialen islamischen Diskurs durch den "roten Scheich" ʿAbdallāh al-ʿAlāyilī (1914 - 1996)
In: Mitteilungen zur Sozial- und Kulturgeschichte der islamischen Welt, 22
World Affairs Online
Insolvenzplanverfahren: Sanierungsoption für mittelständische Unternehmen
In: Schriften zur Mittelstandsforschung N.F., 114
In: Gabler Edition Wissenschaft
The great disruption
World Affairs Online