Results 71 to 80 of about 572,128 (190)
Broke Autocrats, Broken Elections: Trade Shocks and Electoral Fraud in Autocracies
ABSTRACT We argue that when terms‐of‐trade (ToT) shocks reduce resource rents, autocrats lose the fiscal capacity to sustain loyalty through patronage and increasingly rely on electoral manipulation as a survival strategy. We present a simple model in which rents finance patronage in normal times, while adverse shocks reduce the effectiveness of ...
Antonis Adam, Sofia Tsarsitalidou
wiley +1 more source
How Does Progressivity Affect the Tax Cut Multiplier?
ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
Positive affect as a developmental mediator of early adversity and internalizing psychopathology
Background Early life adversities (ELAs) including experiences such as abuse, neglect, and household dysfunction are strongly linked to psychopathology; yet, the developmental pathways connecting ELA to externalizing and internalizing psychopathology remain unclear.
Jamie L. Hanson +3 more
wiley +1 more source
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley +1 more source
The (Missing) Relation between Acquisition Announcement Returns and Value Creation
ABSTRACT Cumulative abnormal returns (CARs) computed around acquisition announcements are widely considered to be market‐based assessments of expected value creation. We show, however, that announcement returns do not correlate with commonly used and new measures of ex post outcomes. A simple characteristics‐based model using standard information known
ITZHAK BEN‐DAVID +3 more
wiley +1 more source
Innovation and Structural Design in Regionalized Supply Networks
ABSTRACT Regionalization is reshaping global supply networks (SNs) as firms respond to geopolitical, economic, and institutional pressures. Yet extant research has not examined how patterns of structural adaptation associated with regionalization may influence innovation. In this paper, we develop a typology of three theoretically grounded archetypes: (
Kevin J. Dooley +2 more
wiley +1 more source
ABSTRACT Counterflow heat exchangers (CHXs) thermally couple consumers and producers to a district heating network (DHN). Fluctuating loads and control actions naturally lead to unsteady operation conditions of the network and its components, posing a challenge for DHN models and CHX parameterizations based on Nusselt correlations that assume steady ...
Marten Klein +5 more
wiley +1 more source
Abstract This longitudinal study concerns initial levels, trajectories of growth, and associations of positive youth development (PYD) with parental warmth and behavioral control from early adolescence to young adulthood. Participants included 1338 adolescents (M = 13.25, SD = 1.04, years; 50% girls) from nine countries trichotomized by income level ...
Marc H. Bornstein +21 more
wiley +1 more source
New Mechanisms for Reasoning and Impacts Accumulation for Rule-Based Fuzzy Cognitive Maps
P. Zdanowicz, D. Petrovic
semanticscholar +1 more source

