A Casella - Economic Policy, 1999 - Wiley Online Library
Borrowing from the experience of environmental markets, this paper proposes a system of
tradable deficit permits as an efficient mechanism for implementing fiscal constraints in the
European Monetary Union: having chosen an aggregate target for the Union and an initial ...
A Casella… - European Economic Review, 1992 - darp.lse.ac.uk
The debate on fiscal federalism in the European Community has become intense as the
deadline for the creation of a single market draws nearer. This development stems from two
broad classes of reasons. First of all, there are immediate effects from markets' integration. ...
JE Rauch… - 1998 - nber.org
Incomplete information in the international market creates difficulty in matching agents with
productive opportunities and interferes with the ability of prices to allocate scarce resources
across countries. Resource-price differentials may not be eliminated and domestic ...
A Casella - 1990 - nber.org
NBER WORKING PAPER SERIES PARTICIPATION IN A CURRENCY UNION Alessandra Casella
Working Paper No. 3220 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts
Avenue Cambridge, MA 02138 January 1990 I thank Matt Canzoneri, Jonathan Feinstein, ...
A Casella… - 1997 - nber.org
When trade involves differentiated products, preferential ties to a group settled abroad
facilitate an exporter's entry into the foreign market by providing information and access to
distribution channels. This contrasts with the difficulties experienced by an unattached ...
A Casella… - 1994 - nber.org
This paper studies the effect of foreign aid on economic stabilization. Following Alesina and
Drazen (1991), we model the delay in stabilizing as the result of a distributional struggle:
reforms are postponed because they are costly and each distributional faction hopes to ...
A Casella - Fair Trade and Harmonization: Economic analysis, 1996 - books.google.com
As markets continue to integrate and tariff barriers are progressively eliminated, the political
debate has shifted to differences in standards and regulations as possible instruments of
markets protection and of trade distortion. In the United States, the public discussion ...
A Casella - European Economic Review, 1996 - Elsevier
Are there systematic forces such that countries of different sizes participating in a free trade
bloc benefit differently from the entry of new members? If economies of scale imply that firms
located in large countries enjoy lower costs, then the gains from enlarging the bloc will fall ...
JE Rauch… - 2001 - books.google.com
Market exchange is impersonal, episodic, and carried out at arm's length. All that matters is
how much the seller is asking, and how much the buyer is offering. An economic market, by
contrast, is based upon more personalized and enduring relationships between people ...
A Casella - Games and Economic Behavior, 2005 - Elsevier
Motivated by the need for more flexible decision-making mechanisms in the European
Union, the paper proposes a simple but novel voting scheme for binary decisions taken by
committees that meet regularly over time. At each meeting, committee members are ...
A Casella - The American Economic Review, 1992 - JSTOR
Everyday world news reflects two wellknown developments: markets are becoming larger
and more integrated, and institutions are being created or modified to reflect the evolution of
markets. The change in rules generated by the change in institutions feeds back and ...
A Casella… - 2003 - papers.ssrn.com
Abstract: Must the integration of markets be accompanied by the harmonization of societies'
institutions? We study a model of heterogenous individuals where a public good directly
affects returns from trade. Trade takes place in the market, whereas the public good is ...
A Casella… - 1990 - nber.org
The current debate in Western Europe centers on the relationship between economic and
political integration. To address this problem, we construct a simple general equilibrium
model in which the returns to trading are directly affected by the availability of a public ...
C Keuschnigg, W Kohler, A Casella… - Economic Policy, 1996 - JSTOR
This article proposes to measure the welfare effects of Austria's membership of the EU. In
addition to the traditional sectoral reallocation effects of open trade, our computations take
into account a number of effects not usually measured: expected capital accumulation, ...
A Casella - The review of economic studies, 2001 - restud.oxfordjournals.org
Abstract Administrative and political reorganization is being actively debated even in the
mature, stable economies of Western Europe. This paper investigates the possibility that
such a reorganization is tied to the integration of economic markets. The paper describes ...
A Casella… - Journal of Political Economy, 1990 - JSTOR
Historical evidence indicates that hyperinflations can disrupt individuals' normal trading
patterns and impede the orderly functioning of markets. To explore these issues, we
construct a theoretical model of hyperinflation that focuses on individuals and their ...
A Casella - European Economic Review, 1996 - Elsevier
This paper suggests that the institutional basis necessary to support efficient international
trade is provided not only by treaties among national governments but also by international
coalitions of private agents. International commercial arbitration is an important example ...
A Casella - Journal of Monetary Economics, 1989 - Elsevier
Abstract The presence of rational price bubbles during the German hyperinflation is tested
under two different structural assumptions on the money process. If the money supply is
constrained to be exogenous to the current inflation rate, the hypothesis of no bubble can ...
A Casella… - 1988 - nber.org
This paper presents a simple general equilibrium model of two countries using a common
currency. The goal is to study how the monetary arrangement influences the optimum
financing of a public good. If the two countries are allowed to print the common currency ...
A Casella… - CEPR Discussion Papers, 1998 - ideas.repec.org
Incomplete information in the international market creates difficulty in matching agents with
productive opportunities and interferes with the ability of prices to allocate scarce resources
across countries. Resource-price differentials may not be eliminated and domestic ...
A Casella, T Palfrey… - 2005 - nber.org
The paper studies a simple voting system that has the potential to increase the power of
minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of
votes to spend as desidered over a series of binary decisions. By cumulating votes on ...
A Casella - Kyklos, 2001 - Wiley Online Library
With the progressive elimination of tariff barriers, the debate on international trade policies
has shifted to national differences in standards and regulations. Do national governments
exploit their free hand in setting regulations to hamper free trade and concede hidden ...
The storable votes mechanism is a method of voting for committees that meet periodically to
consider a series of binary decisions. Each member is allocated a fixed budget of votes to be
cast as desired over the multiple decisions. Voters are induced to spend more votes on ...
A Casella - Journal of Public Economics, 2005 - Elsevier
Following the rationale for regional redistribution programs described in the official
documents of the European Union, this paper studies a simple multicountry model built
around two regions: a core and a periphery. Technological spillovers link firms' ...
A Casella… - Politics and institutions in an integrated Europe, 1995 - Springer
Jurisdictional change is an increasingly common phenomenon around the world, occurring
in many of the former socialist countries, accompanying economic integration in Europe and
North America, and elsewhere. It presents a fundamental challenge to both economics ...
A Casella - 2002 - nber.org
Motivated by the need for more flexible decision-making mechanisms in the European
Union, the paper proposes a simple but novel voting scheme for binary decisions taken by
committees that meet regularly over time. At each meeting, committee members are ...
A Casella - 1992 - nber.org
The great majority of international contracts provides that any disputes which may arise will
be decided by arbitration. Legal scholars argue that international arbitration is leading to the
development of legal doctrine attuned to the needs of business and independent of ...
[CITATION] 10 Halting inflation in Italy and France after the Second World War
A Casella… - Monetary Regimes in Transition, 1993 - Cambridge Univ Pr
A Casella - European Economic Review, 2001 - Elsevier
The success of an enlarged European Union will require transparent and subtle
mechanisms for policy coordination. A common policy is a public good, and economists
have developed many schemes for the efficient provision of public goods. The European ...
A Casella… - The American economic review, 2006 - JSTOR
Personal connections can function as privileged channels of information and trust. When the
reliability of information is particularly important--applying for a job, needing capital for a new
enterprise, moving to a new country-their role often becomes crucial-hence the ethnic ...
A Casella… - Journal of economic behavior & organization, 2008 - Elsevier
Economists and sociologists disagree over markets' potential to substitute for personal
connections. We study a model of labor markets where social ties are stronger between
similar individuals, and firms prefer to rely on personal referrals than to hire on the open ...
[CITATION] Networks and Markets
A Casella… - 2001 - Russell Sage Foundation
A Casella - Economica, 1994 - JSTOR
If efficient economic activity requires appropriate public goods, then changes in the volume
and flow of trade will induce changes in the demand for these public goods. In general, if
people disagree over their preferred levels of public goods, the expansion of trade may ...
A Casella - 1996 - nber.org
Traditional analyses of standards in international trade identify standards as government
regulations and investigate the potential for distortion of trade flows. In reality, however,
private industry groups exercise critical influence on the determination of technical ...
A Casella… - 1991 - nber.org
In the aftermath of World War II, Italy and France experienced high inflation. The two
countries enacted remarkably similar economic policy measures, but stabilization came at
different times: for Italy at the end of 1947, for France a year later. Traditional explanations ...
A Casella… - Journal of Public Economics, 2008 - Elsevier
Referenda are becoming a common tool for public decision-making, and as reliance on
direct democracy increases, so does the importance of giving representation to strongly held
minority preferences. This paper discusses a very simple scheme that treats everybody ...
[CITATION] «Comments and Further Thoughts on 'Market Organization and Individual Behaviour'»
A Casella - Networks and Markets, New York: Russel Sage …, 2001
[CITATION] FREY (1992).«Federalism and Clubs: Towards an Economic Theory of Overlapping Political Jurisdictions»
A CASELLA… - European Economic Review
A Casella - 2000 - nber.org
This paper questions the link between the establishment of a common currency among
several countries and the necessity of political coordination. It begins by discussing why
conducting a single monetary policy is thought to be easier within a single political unit. It ...
[CITATION] Overcoming informational barriers to international resource allocation
JE Rauch… - 1998 - Centre for Economic Policy …
[CITATION] Public Goods In Trade
A Casella… - NBER Working Paper, 1990
[CITATION] The impact of monetary unification on the composition of markets
A Casella - 1991 - unpublished
JE Rauch… - NBER working paper, 1998 - opengrey.eu
³Overcoming Informational Barriers to International Resource Allocation:
Prices and Group Ties.". James E Rauch, Alessandra Casella National
Bureau of Economic Research Working Paper, 1998.
[CITATION] Product Standards Coalitions in a Market without Borders
C Alessandra - NBER Working Paper, 1996
[CITATION] The role of market size in the formation of clubs
A Casella - 1994 - mimeo). Columbia University, …
[CITATION] Austria in the European Union: Dynamic Gains from Integration and Distributional Implications Economic Policy
K Christian, W Kohler, A Casella… - Vol, 1996
[CITATION] «Large countries, small countries and the enlargement of trade blocks»
C ALESSANDRA - European Economic Review, 1996
[CITATION] forthcoming," An Experimental Study of Storable Votes
A Casella, A Gelman… - Games and Economic Behavior
A Casella - Establishing a central bank: issues in Europe and …, 1992 - books.google.com
The debate over the adoption of a common currency in the European Community has
focussed on savings of transaction costs as one of the leading advantages of a monetary
union. As international transactions continue to expand, and as they become more ...
[CITATION] ``The Role of Market Size in Club Formation,"
A Casella - ISPE conference on``Fiscal Aspects of Evolving …, 1994
[CITATION] Public Goods in Trade: on the Formation of Markets and Political Jurisditions
C Alessandra… - NBER working paper, 1990
[CITATION] Management of a common currency
C Alessandra… - NBER Working Paper, 1988
[CITATION] Storable Votes and Agenda Control. Theory and Experiments
A Casella - 2008 - NBER WP
[CITATION] «Public Goods in Trade on the Formation of Markets and Jurisdictions»
C Alessandra… - International Economic Review, 2002
[CITATION] On Market Integration and the Development of Institutions: The Case of International Commercial Arbitration"(1996)
A Casella - Eur. Econ. Rev.
[CITATION] Anonymus Market and Coethnic Ties in International Trade
A Casella… - 1997
[CITATION] A New lest for Price Level Bubbles
A Casella - 1985 - MIT mimeo
[CITATION] Notes on Language and Communication in a Model of Economic Development
A Casella… - and" Extension to the Economy of Symbols and …, 1988
[CITATION] Price Bubbles and the German Hyperinflation
A Casella - University of California, Berkeley, 1988
[CITATION] Overcoming Informational Barriers to International Resource Allocation
A Casella… - NBER Working Paper, 1998
[CITATION] Market Mechanism for Policy Decisions, Tool for the European Union, Columbia University
A Casella - 2000 - October
A Casella - 2000 - adres.ens.fr
Abstract Motivated by the need for more flexible decision-making mechanisms in the
European Union, the paper proposes a simple but novel voting scheme for deliberations
taken by committees that meet regularly over time. At each meeting, committee members ...
[CITATION] Ranch, 2003," Anonymous Market and Group Ties in International Trade,"
A Casella… - Journal of International Economics
[CITATION] Comments and Further Thougts on
C Alessandra - Market Organizations and Individual Behavior" In J. …, 2001
A Casella, A Llorente-Saguer… - 2010 - nber.org
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary
issue, individuals may buy and sell their votes with each other. We define the concept of Ex
Ante Vote-Trading Equilibrium, identify weak sufficient conditions for existence, and ...
[CITATION] Testing for Price Level Bubbles: The German Hyperinflation Once More
A Casella - unpublished paper, University of California, Berkeley, 1986
[CITATION] Comment on Krugman
A Casella - 1993 - chapter
A Casella - 2011 - books.google.com
Storable votes are a simple voting scheme that allows the minority to win occasionally, while
treating every voter equally. Because the minority wins only when it cares strongly about a
decision while the majority does not, minority victories occur without large costs and ...
A Casella, T Palfrey… - 2012 - nber.org
Two groups of voters of known sizes disagree over a single binary decision to be taken by
simple majority. Individuals have different, privately observed intensities of preferences and
before voting can buy or sell votes among themselves for money. We study the implication ...
A Casella - Discussion Papers, 2008 - ideas.repec.org
The paper studies a voting scheme where members of a committee voting sequentially on a
known series of binary proposals are each granted a single extra bonus vote to cast as
desired-a streamlined version of Storable Votes. When the order of the agenda is ...
A Casella… - Economics Letters, 1992 - Elsevier
Abstract The purpose of this note is to illustrate how the impact of anticipated inflation on
relative prices is a straightforward implication of a well-known model of exchange:
Rubinstein game of non-cooperative bargaining between completely informed traders. ...
A Casella - 1993 - cepr.org
If efficient economic activity requires appropriate public goods, then changes in the volume
and flow of trade will induce changes in the demand for these public goods. In general, if
people disagree over their preferred levels of public goods, the expansion of trade may ...
ACT Palfrey… - 2006 - georgetown.edu
Page 1. Minorities and Storable Votes! Alessandra Casella& Thomas Palfrey' Raymond Riezman%
February 27, 2006 Abstract The paper studies a simple voting system that has the potential to
increase the power of minorities without sacrificing aggregate effi ciency. ...
A Casella, S Thoron… - Economic Journal, 2007 - vcharite.univ-mrs.fr
This is a PDF file of an unedited manuscript that has been accepted for publication. As a
service to our customers we are providing this early version of the manuscript. The
manuscript will undergo copyediting, typesetting, and review of the resulting proof before it ...
A Casella - 2002 - cepr.org
Motivated by the need for more flexible decision-making mechanisms in the European
Union, the paper proposes a simple but novel voting scheme for binary decisions taken by
committees that meet regularly over time. At each meeting, committee members are ...
D Acemoglu, F Alvarez, A Casella, VV Chari… - …, 1999 - Wiley Online Library
Requests for nomination forms as well as completed forms should be sent to: Professor Julie
P. Gordon, Secretary, The Econometric Society, Department of Economics, Northwestern
University, Evanston, Illinois 60208-2600. Members or Fellows supplying completed ...
A Casella - cepr.org
Historians, sociologists and political scientists have long viewed economic innovations and
trade as instruments of political change, but few economists have considered their
implications for the political transformation that is taking place at all levels of government ...
A Casella, TR Palfrey… - 2012 - cepr.org
Two groups of voters of known sizes disagree over a single binary decision to be taken by
simple majority. Individuals have different, privately observed intensities of preferences and
before voting can buy or sell votes among themselves for money. We study the implication ...
A Casella - Games and Economic Behavior, 2011 - Elsevier
The paper studies a committee voting sequentially on a known series of binary proposals.
Each member is granted, in addition to a vote for each proposal, a single extra bonus vote–a
streamlined version of Storable Votes. When the order of the agenda is exogenous, a ...
A Casella… - 1998 - temporaryaddress.cepr.org
Incomplete information in the international market creates difficulty in matching agents with
productive opportunities and interferes with the ability of prices to allocate scarce resources
across countries. Resource-price differentials may not be eliminated and domestic ...
A Casella - 2002 - cepr.org
Following the rationale for regional redistribution programmes described in the official
documents of the European Union, this Paper studies a very simple multi-country model built
around two regions: a core and a periphery. Technological spillovers link firms' ...
A Casella - cepr.org
The trade-off between European integration and national sovereignty lies at the core of the
debate on the establishment of a single European currency. This requires the deferral of all
monetary policy decisions to an international central bank, and much of the debate has ...
A Casella… - 2005 - cepr.org
This paper proposes a simple scheme designed to elicit and reward intensity of preferences
in referenda: voters faced with a number of binary proposals are given one regular vote for
each proposal plus an additional number of bonus votes to cast as desired. Decisions are ...
A Casella - 2000 - cepr.org
This paper questions the link between the establishment of a common currency among
several countries and the necessity of political coordination. It begins by discussing why
conducting a single monetary policy is thought to be easier within a single political unit. It ...
A Casella, TR Palfrey… - 2005 - cepr.org
The paper studies a simple voting system that has the potential to increase the power of
minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of
votes to spend as desired over a series of binary decisions. By cumulating votes on issues ...
Abstract: This paper proposes a simple scheme designed to elicit and reward intensity of
preferences in referenda: voters faced with a number of binary proposals are given one
regular vote for each proposal plus an additional number of bonus votes to cast as desired ...
A Casella - cepr.org
Recent expansion in international arbitration may be viewed as a move towards the creation
of a transnational law by private traders, independently of national parliaments and courts.
They develop common forms of communication: a language, a currency, standards and ...
A Casella… - 1997 - cepr.org
When trade involves differentiated products, preferential ties to a group settled abroad
facilitate an exporter's entry into the foreign market by providing information and access to
distribution channels. This contrasts with the difficulties experienced by an unattached ...
The storable votes mechanism is a method of voting for committees that meet periodically to
consider a series of binary decisions. Each member is allocated a fixed budget of votes to be
cast as desired over the multiple decisions. Voters are induced to spend more votes on ...
A Casella - 2008 - cepr.org
The paper studies a voting scheme where members of a committee voting sequentially on a
known series of binary proposals are each granted a single extra bonus vote to cast as
desired-a streamlined version of Storable Votes. When the order of the agenda is ...
A Casella… - 2005 - cepr.org
Economists and sociologists disagree over markets' potential to take over functions typically
performed by networks of personal connections. First among them is the reliable
transmission of information. In this paper we begin from a model of labour markets where ...
A Casella… - 2005 - feem-web.it
Abstract Economists and sociologists disagree over markets' potential to take over functions
typically performed by networks of personal connections. First among them is the reliable
transmission of information. In this paper we begin from a model of labor markets where ...
A Casella… - 1991 - cepr.org
In the aftermath of World War II, Italy and France experienced high inflation. The two
countries enacted remarkably similar economic policy measures, but stabilization came at
different times: for Italy at the end of 1947, and for France a year later. Traditional ...
A Casella… - 1991 - cepr.org
The current debate in Western Europe centres on the relationship between economic and
political integration. To address this problem, we construct a simple general equilibrium
model in which the returns to trading are directly affected by the availability of a public ...
D Acemoglu, F Alvarez, A Casella, VV Chari… - …, 1999 - Wiley Online Library
The program will include invited lectures and both invited and contributed papers. For
additional information and updated information about the meetings, see announcements in
subsequent issues of Econometrica or on the Internet at the following address: http: rrwww ...
A Casella - 1999 - siteresources.worldbank.org
Markets cannot function well without three basic ingredients: well-defined property rights,
because they are the objects of any exchange; enforcement of contracts, because the
exchange must be meaningful and borrowing possible; information, because the parties to ...
A Casella - 2008 - nber.org
The paper studies a voting scheme where members of a committee voting sequentially on a
known series of binary proposals are each granted a single extra bonus vote to cast as
desired-a streamlined version of Storable Votes. When the order of the agenda is ...
L Lizal, M Singer, J Svejnar, DP Wage… - 1997 - cepr.org
Discussion Papers 1997. DP1757, Enterprise Break-ups and Performance
During the Transition. Publication Date: December 1997. ...
JE Rauch… - The Economic Journal, 2003 - res.org.uk
Incomplete information creates matching friction that interferes with the ability of prices to
allocate scarce resources across countries but can be overcome by international information–
sharing networks. When the difference between country factor–endowment ratios is large ...
A Casella, T Palfrey… - CESifo DICE Report, 2007 - ifo.de
The principle of majority rule is the foundation of democratic constitutions, but provides an
immediate and fundamental challenge to the legitimacy of any government that the
constitution empowers: the risk of excluding minority groups from representation. At least ...
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