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  • Articles  (2)
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  • Articles  (2)
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  • 1
    Electronic Resource
    Electronic Resource
    Dynamic optimization of political popularity in an empirical macroeconomic model (1990)
    Springer
    Public choice 66 (1990), S. 51-66 
    Details
    ISSN: 1573-7101
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We estimate a political popularity function for Israel, taking account of the effects of institutional and political changes on the structure of the function, and then use this function, in conjunction with a simple macroeconomic model of the Israeli economy, to calculate dynamic macroeconomic strategies which would have maximized the political popularity of three previous Israeli governments. We conclude that the dominant strategy was always to keep unemployment at the natural rate, but that this strategy was optimally combined with either rising inflation close to elections (for the earlier governments) or with near-zero inflation throughout the term (for later governments).
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00155644
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    The optimum size of the labor-managed firm (1996)
    Springer
    Atlantic economic journal 24 (1996), S. 110-117 
    Details
    ISSN: 1573-9678
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Ward's [1958] main result is that an increase in the output price of the labor-managed firm (LMF) decreases its output and members. However, Ward and his followers have not addressed two important elements: the benefit of sharing a public good among LMF members and the increased coordination costs among these members. This paper incorporates these elements to derive the LMF's optimal size and suggests conditions which may alter Ward's perverse result. The example of the Israeli Kibbutzim concerning both incorporating the public goods as well as coordination costs serves as a motivation to the model developed in this paper.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF02299001
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    Paper (German National Licenses)
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