A Merlo… - Econometrica: Journal of the Econometric Society, 1995 - JSTOR
We consider a k-player sequential bargaining model in which the size of the cake and the
order in which players move follow a general Markov process. For games in which one
agent makes an offer in each period and agreement must be unanimous, we characterize ...
D Diermeier… - Journal of Economic Theory, 2000 - Elsevier
In this paper we consider a dynamic model of government formation in parliamentary
democracies that accounts for the following phenomena:(1) minority and surplus
governments;(2) cabinet reshuffles;(3) cabinet terminations due to replacement or early ...
D Diermeier, M Keane… - American Economic Review, 2005 - JSTOR
Our main goal is to quantify the returns to a career in the United States Congress. We specify
a dynamic model of career decisions of a member of Congress and estimate this model
using a newly collected dataset. Given estimates of the structural model, we assess ...
D Diermeier, H Eraslan… - Econometrica, 2003 - Wiley Online Library
In this paper we estimate a bargaining model of government formation in parliamentary
democracies. We use the estimated structural model to conduct constitutional experiments
aimed at evaluating the impact of institutional features of the political environment on the ...
D Diermeier… - Journal of Public Economics, 2004 - Elsevier
Models of government formation processes in multi-party democracies are usually highly
sensitive to the rules that govern the selection of formateurs (ie the parties selected to
propose a potential government). The theoretical literature has focused on two selection ...
A İmrohoroğlu, A Merlo… - International Economic …, 2000 - Wiley Online Library
2. Abstract This article analyzes a general equilibrium model in which agents choose to
specialize in either legitimate or criminal activities. Expenditures on police to apprehend
criminals, as well as income redistribution, are determined endogenously through majority ...
L Felli… - Journal of the European Economic …, 2006 - Wiley Online Library
In this article, we present a citizen-candidate model of representative democracy with
endogenous lobbying. We find that lobbying induces policy compromise and always affects
equilibrium policy outcomes. In particular, even though the policy preferences of lobbies ...
A Merlo - Journal of Political Economy, 1997 - JSTOR
In this paper, I structurally estimate a stochastic bargaining model of government formation
in a multiparty parliamentary democracy, and I conduct policy experiments to evaluate the
effects of changes in the bargaining procedure. I show that the model fits well data on the ...
A Merlo… - Journal of Urban Economics, 2004 - Elsevier
This paper presents a new data set of individual residential property transactions in
England. The main novelty of the data is the record of all listing price changes and all offers
made between initial listing and sale agreement. We establish a number of stylized facts ...
A Mattozzi… - Journal of Public Economics, 2008 - Elsevier
Two main career paths are prevalent among politicians in modern democracies: there are
career politicians (ie, politicians who work in the political sector until retirement), and political
careers (ie, there are politicians who leave politics before retirement and work in the ...
A İmrohoroğlu, A Merlo… - International Economic …, 2004 - Wiley Online Library
In this article we analyze recent trends in aggregate property crime rates in the United
States. We propose a dynamic equilibrium model that guides our quantitative investigation
of the major determinants of observed patterns of crime. Our main findings can be ...
A Merlo… - Economic Theory, 1998 - Springer
Summary. We consider a k-player sequential bargaining model in which both the cake size
and the identity of the proposer are determined by a stochastic process. For the case where
the cake is a simplex (of random size) and the players share a common discount factor, ...
A Merlo - PIER Working Paper No. 05-033, 2005 - papers.ssrn.com
Abstract: In this paper, I discuss recent developments in political economy. By focusing on
the microeconomic side of the discipline, I present an overview of current research on four of
the fundamental institutions of a political economy: voters, politicians, parties and ...
H Eraslan… - Journal of Economic Theory, 2002 - Elsevier
In this paper we consider multilateral stochastic bargaining models with general agreement
rules. For n-player games where in each period a player is randomly selected to allocate a
stochastic level of surplus and q⩽ n players have to agree on a proposal to induce its ...
C Echevarria… - International Economic Review, 1999 - Wiley Online Library
2. Abstract We explore the issue of gender differences in education in the context of a two-
sex overlapping generations model where men and women of each generation bargain over
consumption, number of children, and investment in education of their children. We show ...
RC Marshall… - International Economic Review, 2004 - Wiley Online Library
Many unions in the United States have for several years engaged in what is known as
pattern bargaining. In this article, we show that pattern bargaining is preferred by a union to
both simultaneous industry-wide negotiations and sequential negotiations without a ...
A Merlo… - Games and Economic Behavior, 2003 - Elsevier
We present experimental evidence suggesting that observational learning (ie,
learning-by-not-doing but by observing) may outperform learning-by-doing. ... John, ER,
Chesler, P., Bartlett, F. and Victor, I., 1969. Observational learning in cats. Science 166, ...
A Merlo… - Games and Economic Behavior, 1999 - Elsevier
We use experimental data to investigate what subjects have learned after participating in an
economic experiment for many periods. At the end of our experiments subjects are given
another experiment to perform which functions like a surprise quiz since they had not ...
D Diermeier, H Eraslan… - 2004 - papers.ssrn.com
Abstract: In this paper we present a structural approach to the study of government formation
in multi-party parliamentary democracies. The approach is based on the estimation of a
stochastic bargaining model which we use to investigate the effects of specific institutional ...
D Diermeier, M Keane… - 2002 - papers.ssrn.com
Abstract: Theories in political economy depend critically on assumptions about motivations
of politicians. Our analysis starts from the premise that politicians, like other economic
agents, are rational individuals who make career decisions by comparing the expected ...
D Diermeier, H Eraslan… - European Economic Review, 2002 - Elsevier
In this paper we present a structural approach to the study of government formation in multi-
party parliamentary democracies. The approach is based on the estimation of a stochastic
bargaining model which we use to investigate the effects of specific institutional features of ...
MP Keane… - American Economic Journal: …, 2010 - ingentaconnect.com
Abstract: We assess the impact of a variety of policies that may influence the career
decisions of members of the US Congress. These policies alter incentives to run for re-
election, run for higher office or leave Congress, by altering wages, non-pecuniary ...
A Merlo… - The American Economic Review, 1992 - JSTOR
In a recent paper in this Review, Glenn Harrison (1989) has raised an interesting and
significant point concerning the methodology of experimental economics. Specifically,
Harrison has warned economists to take care in designing their experiments to give ...
A Degan… - Journal of the European Economic …, 2011 - Wiley Online Library
This paper develops a unified approach to study participation and voting in multiple
elections. The theoretical setting combines an uncertain-voter model of turnout with a spatial
model of voting behavior. We apply our framework to the study of turnout and voting in US ...
A Degan… - Journal of Economic Theory, 2009 - Elsevier
In this paper we address the following question: To what extent is the hypothesis that voters
vote “ideologically”(ie, they always vote for the candidate who is ideologically “closest” to
them) testable or falsifiable? We show that using data only on how individuals vote in a ...
A Degan… - 2007 - nber.org
In this paper we address the following question: To what extent is the hypothesis that voters
vote sincerely testable or falsifiable? We show that using data only on how individuals vote
in a single election, the hypothesis that voters vote sincerely is irrefutable, regardless of ...
A Merlo - Review of Economics and Statistics, 1998 - MIT Press
In this paper I estimate a duration model of the Italian government. The main finding of the
paper is that the downfall probability of an Italian government depends on both political and
economic factors. In particular, the higher the inflation rate and the higher the number of ...
A Mattozzi… - The American economic review, 2007 - JSTOR
Politics has always attracted the attention of the media, citizens organizations, and the
general public. Recent years have also witnessed a global process of" spectacularization" of
politics, which, among other things, has resulted in a dramatic increase in the amount of ...
A İmrohoroĝlu, A Merlo… - Journal of Economics and Finance, 2006 - Springer
Abstract In this paper, we use an overlapping generations model where individuals are
allowed to engage in both legitimate market activities and criminal behavior in order to
assess the role of certain factors on the property crime rate. In particular, we investigate if ...
G Galeotti… - Public Finance= Finances publiques, 1994 - econpapers.repec.org
... Please update your bookmarks. Political Collusion and Corruption in a Representative
Democracy. Gianluigi Galeotti and Antonio Merlo (). Public Finance = Finances
publiques, 1994, vol. 49, issue Supplement, pages 232-43. ...
AÖ İmrohoroglu, A Merlo, P Rupert… - 1996 - papers.ssrn.com
Abstract: In this paper we consider a general equilibrium model where heterogeneous
agents specialize either in legitimate market activities or in criminal activities and majority
rule determines the share of income redistributed and the expenditures devoted to the ...
A Merlo,
V Galasso, M Landi… - SMU Economics & …, 2008 - didattica.unibocconi.it
Like voters (the represented), politicians (the representees) are the heart and soul of
representative democracy. But isn't being a politician just like any other job? After we get
past the rhetoric, is politics any different than other occupations? In the political sector, ...
L Felli… - Journal of the European Economic …, 2007 - Wiley Online Library
Abstract We incorporate campaign contributions in the citizen-candidate model of
representative democracy with endogenous lobbying of Felli and Merlo (2006). In
equilibrium, lobbies contribute to the electoral campaign of candidates whose policy ...
C Echevarria, A Merlo… - 1997 - minneapolisfed.org
ABSTRACT We interpret observed gender differences in education as the equilibrium
outcome of a two-sex overlapping generations model where men and women of each
generation bargain over consumption, number of children, and investment in education of ...
D Diermeier, A Merlo… - 1998 - Citeseer
ABSTRACT In this paper we consider a dynamic model of government formation and
termination in parliamentary democracies that accounts for the following phenomena:(1)
Cabinet terminations due to replacement or early election (2) Cabinet reshuffles (3) ...
A Merlo - International Economic Review, 2004 - Wiley Online Library
The study of the causes and consequences of crime has an ancient and illustrious pedigree
in the social sciences. However, it wasn't until the late 1960s that the analysis of illegal activities
entered the domain of economics. The seminal publication initiating economics of crime ...
F Ortalo-Magne… - 2002 - papers.ssrn.com
Abstract: This paper presents and investigates a new data set of individual residential
property transactions in England. The main novelty of the data is the record of all listing price
changes and all offers ever made on a property since it appears on the market, as well as ...
A Merlo - Journal of the European Economic Association, 2003 - Wiley Online Library
Abstract In this paper, I present a structural approach to investigate empirically the relation
between income distribution, police expenditures and crime. The approach is based on the
estimation of an equilibrium model where heterogeneous individuals choose whether to ...
A Degan, A Merlo… - 2004 - papers.ssrn.com
Abstract: Understanding citizens' electoral behavior (eg, selective abstention and split ticket
voting), represents a fundamental step in the analysis of democratic institutions. In this
paper, we assess the extent to which sincere voting can explain observed patterns of ...
A Merlo, F Ortalo-Magné… - Cowles Foundation Summer …, 2008 - frbatlanta.org
Abstract This paper formulates and solves the problem of a homeowner who wants to sell
their house for the maximum possible price net of transactions costs (including real estate
commissions). The optimal selling strategy consists of an initial list price with subsequent ...
A Merlo, C Wilson… - 1993 - econ.nyu.edu
ABSTRACT We consider an n-person sequential bargaining model in which both the
surplus to be allocated as well as the identity of the proposer in each period follows a
stochastic process. Assuming only one agent makes an offer in each period and ...
A Merlo… - PIER Working Paper Archive, 2009 - papers.ssrn.com
Abstract: In this paper, we study the relationship among schooling, youth employment and
youth crime. The framework, a multinomial discrete choice vector autoregression, provides a
comprehensive analysis of the dynamic interactions among a youth's schooling, work and ...
A Merlo, A Schotter… - 1990 - econ.nyu.edu
Abstract In a recent paper Glenn Harrison (1989a) has raised an interesting and significant
point concerning the methodology of experimental economics. Specifically, Harrison has
warned economists to take care in designing their experiments to give subjects sufficient ...
A Merlo - EconomicDynamics Newsletter, 2001 - ideas.repec.org
Antonio Merlo is the Lawrence R. Klein Associate Professor of Economics at the University
of Pennsylvania and is Director of the Penn Institute for Economic Research. His field is
political economy, in particular bargaining, political stability, and crime.
A Merlo - Working Papers, 1991 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. An
Econometric Analysis of Government Tenure Histories: The Italian Case. Antonio Merlo (). ...
D Diermeier, H Eraslan, A Merlo… - 2003 - papers.ssrn.com
Abstract: In this article we present an overview of our recent research on the effects of
constitutions on coalition governments in parliamentary democracies. Our approach is
based on the solution and estimation of a multilateral bargaining model which we use to ...
Resumen: La Web social es un fenómeno que se ha introducido muy rápidamente en el
campo de la documentación. Se presentan las características de la Web 2.0, organizando
en diez categorías los aspectos que han hecho posible que se haya incorporado de ...
A Merlo… - 2011 - papers.ssrn.com
Abstract: This paper studies the nonparametric identification and estimation of voters'
preferences when voters are ideological. We build on the methods introduced by Degan and
Merlo (2009) representing elections as Voronoi tessellations of the ideological space. We ...
[CITATION] Magné. sBargaining over Residential Real Estate: Evidence from EnglandsJournal of Urban Economics
A Merlo… - September, 2004
[CITATION] The Career Decisions of Politicians
D Diermeier, MP Keane… - Unpublished Manuscript, 2002
[CITATION] Magné (2004), Bargaining over Residential Real Estate: Evidence from England
A Merlo… - Journal of Urban Economics
[CITATION] Bargaining over Governments
AM Merlo - 1992 - New York University, Graduate …
[CITATION] A Political Economy Model
D Diermeier, MP Keane… - 2005
[CITATION] Whither political economy? Theories, facts and issues, forthcom $ ing in R. Blundell, W. Newey and T. Persson (eds.), Advances in economics and …
A Merlo - 2006 - Cambridge University Press, …
[CITATION] hA Political Econ# omy Model of Congressional Careers, iforthcoming American Economic Review
D Diermeier, M Keane… - 2006
[CITATION] 2000+ Government Turnover in Parliamentary Democracies+
D Diermeier… - Journal of Economic Theory
[CITATION] A Behavioral Model of Turnout and Voting in Multiple Elections
A Degan… - 2007
A Merlo… - 2005 Meeting Papers, 2005 - econpapers.repec.org
Related works: Working Paper: Political Careers or Career Politicians? (2007) Working
Paper: Political Careers or Career Politicians? (2005) Working Paper: Political Careers or Career
Politicians? (2007) Journal Article: Political careers or career politicians? (2008) This item ...
A Merlo… - Working Papers, 1992 - econpapers.repec.org
By Antonio Merlo and Andrew Schotter; Procedural Rationality
and Learning in Games: An Experimental Study.
R Marshall, A Merlo… - 1996 - mpls.frb.org
ABSTRACT Many unions in the United States have for several years engaged in what is
known as pattern bargaining—a union determines a sequence for negotiations with firms
within an industry where the agreement with the first firm becomes the take-it-or-leave-it ...
FJG Peñalvo, JAM Vega, TF Fernández… - Journal of Library …, 2010 - Taylor & Francis
The aim of this article is to present the work carried out to create GREDOS, the Institutional
Repository of the University of Salamanca. Besides introducing GREDOS and explaining
how the project was developed, we also present our best practices manual in the use of ...
AM Merlo,
V Galasso, M Landi… - The Ruling Class, 2010 - ingentaconnect.com
AM Merlo,
V Galasso, M Landi… - The Ruling Class, 2010 - ingentaconnect.com
A Merlo,
V Galasso, M Landi… - PIER Working Paper …, 2008 - economics.sas.upenn.edu
Like voters (the represented), politicians (the representees) are the heart and soul of
representative democracy. But isn't being a politician just like any other job? After we get
past the rhetoric, is politics any different than other occupations? In the political sector, ...
X Tang… - papers.ssrn.com
Abstract: Stochastic sequential bargaining games (Merlo and Wilson (1995, 1998)) have
found wide applications in various fields including political economy and macroeconomics
due to their flexibility in explaining delays in reaching an agreement. In this paper, we ...
FJ Peñalvo-García,
JA Merlo-Vega… - … aim of this article is to …, 2010 - eprints.rclis.org
The aim of this article is to present the work carried out to create GREDOS, the Institutional
Repository of the University of Salamanca. Besides introducing GREDOS and explaining
how the project was developed, we also present our best practices manual in the use of ...
A Mattozzi… - 2007 - cepr.org
Two main career paths are prevalent among politicians in modern democracies: there are
career politicians (ie, politicians who work in the political sector until retirement), and political
careers (ie, there are politicians who leave politics before retirement and work in the ...
A Merlo, F Ortalo-Magné… - 2008 - princeton.edu
Abstract This paper formulates and solves the problem of a homeowner who wants to sell
their house for the maximum possible price net of transactions costs (including real estate
commissions). The optimal selling strategy consists of an initial list price with subsequent ...
[CITATION] School libraries, information literacy and reading promotion initiatives in Spain
AM Merlo,
V Galasso, M Landi… - The Ruling Class, 2010 - ingentaconnect.com
A Prat,
T Boeri… - 2010 - eprints.lse.ac.uk
The ruling class plays a major role in society. It makes possible what would otherwise be
infeasible, by removing constraints that may stand in the way of long-term growth.
Historically, economists devoted far less attention than sociologists to the study of ruling ...
AM Merlo,
V Galasso, M Landi… - The Ruling Class, 2010 - ingentaconnect.com
A Mattozzi… - NBER Working Paper, 2007 - papers.ssrn.com
Abstract: In this paper, we study the initial recruitment of individuals in the political sector. We
propose an equilibrium model of political recruitment by a party who faces competition for political
talent from the lobbying sector. We show that a political party may deliberately choose to ...
A Merlo… - 1991 - econ.nyu.edu
Abstract The issue of assessing the determinants of political stability and the interactions
between political and economic factors have long been of great interest both to political
scientists and economists. In this paper we propose and estimate a duration model of the ...
[CITATION] Learning by Not Doing
A Merlo, A Schotter… - 2001 - University of Pennsylvania
[CITATION] NUMERICALLY INTENSIVE ECONOMIC POLICY ANALYSIS
D Diermeier, H Eraslan… - PIER Working Paper No. 07- …, 2007 - papers.ssrn.com
Abstract: In this paper we present a structural approach to the study of government formation
in multi-party parliamentary democracies. The approach is based on the estimation of a
stochastic bargaining model which we use to investigate the effects of specific institutional ...
A Degan… - PIER Working Paper No. 07-011, 2007 - papers.ssrn.com
Abstract: This paper develops a unified approach to study participation and voting in multiple
elections. The theoretical setting combines an" uncertain-voter" model of turnout with a
spatial model of voting behavior. We apply our framework to the study of turnout and ...
D Diermeier, M Keane… - 2004 - papers.ssrn.com
Abstract: Theories in political economy depend critically on assumptions about motivations
of politicians. Our analysis starts from the premise that politicians, like other economic
agents, are rational individuals who make career decisions by comparing the expected ...
M Landi, A Merlo,
V Galasso… - 2008 - ink.library.smu.edu.sg
Like voters (the represented), politicians (the representees) are the heart and soul of
representative democracy. But isn't being a politician just like any other job? After we get
past the rhetoric, is politics any different than other occupations? In the political sector, ...
L Felli… - Penn CARESS Working Papers - econpapers.repec.org
By Leonardo Felli and Antonio Merlo; Endogenous Lob.
A Degan… - PIER Working Paper No. 08-034, 2008 - papers.ssrn.com
Abstract: In this paper we address the following question: To what extent is the hypothesis
that voters vote" ideologically"(ie, they always vote for the candidate who is ideologically"
closest" to them) testable or falsifiable? We show that using data only on how individuals ...
T BOERI, A MERLO… - Recherche, 2010 - lavoisier.fr
Disponible chez l'éditeur (délai d'approvisionnement : 10 jours). ... Part I: The Labor Market of
Italian Politicians. 1. Institutional background. 2. Stylized facts. 3. Analysis and conclusions.
Appendix. Comments by Giuliano Amato and Lucrezia Reichlin. Part II: Italian Managers: ...
Á Sorli Rojo,
JA Merlo Vega - Revista Española de …, 2002 - en.scientificcommons.org
JA Merlo Vega - Ginebra; OMS, 2008, 52 p., 2008 - bvsde.paho.org
Resumen: Las bibliotecas cumplen una función informativa. Se estudian los servicios de
información que prestan las bibliotecas, así como las características del personal que los
atiende y la infraestructura necesaria para su correcto funcionamiento. Se analiza la ...
A Merlo… - PIER Working Paper Archive, 2004 - papers.ssrn.com
Abstract: This paper presents a new data set of individual residential property transactions in
England. The main novelty of the data is the record of all listing price changes and all offers
made between initial listing and sale agreement. We establish a number of stylized facts ...
A Degan… - 2007 - cepr.org
In this paper we address the following question: To what extent is the hypothesis that voters
vote sincerely testable or falsifiable? We show that using data only on how individuals vote
in a single election, the hypothesis that voters vote sincerely is irrefutable, regardless of ...
A Merlo, D Diermeier… - Working Papers, 2004 - ideas.repec.org
In this paper we present a structural approach to the study of government formation in multi-
party parliamentary democracies. The approach is based on the estimation of a stochastic
bargaining model which we use to investigate the effects of specific institutional features of ...
A Merlo… - Working Papers. Serie AD, 1997 - ideas.repec.org
In this paper, we explore the issue of gender differences in education in the context of a two-
sexoverlapping generations model where men and women of each generation bargain over
consumption, number of children, and investment in education of their children conditional ...
A Mattozzi… - 2007 - papers.ssrn.com
The quality of politicians has long been an issue of great concern in all democracies. A
widespread sentiment summarized by the opening quote above is that politicians are
typically not the best a country has to offer. At the same time, however, it is also fair to say ...
D Diermeier, MP Keane… - 2004 - econstor.eu
Zusammenfassung: Theories in political economy depend critically on assumptions about
motivations of politicians. Our analysis starts from the premise that politicians, like other
economic agents, are rational individuals who make career decisions by comparing the ...
A Merlo… - 1993 - econ.as.nyu.edu
ABSTRACT We consider a k-person sequential bargaining model in which both the size of
the cake and the order in which players act in any period follows a stochastic process. For
games in which one agent makes an offer in each period and agreement must be ...
[CITATION] Society for Economic Dynamics
A Merlo - Journal of economic theory, 1998 - Academic Press.
A İmrohoroğlu, A Merlo… - clevelandfed.org
In this paper, we use an overlapping generations model in which individuals are allowed to
engage in both legitimate market activities and criminal behavior in order to assess the role
of certain factors on the property crime rate. In particular, we investigate whether the ...
A Merlo… - 2004 Meeting Papers, 2004 - ideas.repec.org
Two prominent facts emerge from data on US presidential and congressional elections. First,
often people vote a split-ticket, that is, they vote for different parties' candidates for President
and for Congress. Second, many citizens do not go to vote and, after going to vote, some ...
M LANDI, A MERLO,
V GALASSO… - 2010 - ink.library.smu.edu.sg
Abstract We analyze the career profiles of Italian legislators in the post-war period. Using a
unique, newly collected dataset that contains detailed information on all the politicians who
have been elected to the Italian Parliament between 1948 and 2008, we address a ...
L Felli… - 2002 - cepr.org
In this paper, we present a citizen-candidate model of representative democracy with
endogenous lobbying. We find that lobbying induces policy compromise and always affects
equilibrium policy outcomes. In particular, even though the policy preferences of lobbies ...
L Felli… - PIER Working Paper No. 04-043, 2004 - papers.ssrn.com
Abstract: In this paper, we present a citizen-candidate model of representative democracy
with endogenous lobbying. We find that lobbying induces policy compromise and always
affects equilibrium policy outcomes. In particular, even though the policy preferences of ...
A Merlo… - Working Papers, 1992 - econpapers.repec.org
Related works: Working Paper: A Stochastic Model of Sequential Bargaining with Complete Information
and Transferable Utility (1993) This item may be available elsewhere in EconPapers: Search
for items with the same title. ... This site is part of RePEc and all the data displayed here is ...
A Ching… - Econometric Society 2004 Far Eastern …, 2004 - ideas.repec.org
The main goal of this paper is to investigate the role of campaign fund in congressional
careers. To achieve this goal, we specify a dynamic model of career decisions of a member
of Congress. In particular, we model how the amount of campaign funds raised affects the ...
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