JEFAS Vol. 16 Nº 30 (2011)
URI permanente para esta colecciónhttps://hdl.handle.net/20.500.12640/4117
Examinar
2 resultados
Resultados de la búsqueda
Ítem Solo Metadatos On welfare effects of horizontal mergers with product differentiation(Universidad ESAN. ESAN Ediciones, 2011-06-30) Escrihuela-Villar, MarcWe use a non-spatial (Chamberlinian) product differentiation model to analyze the welfare effects of horizontal mergers with quantity competition. We argue that (i) mergers can be welfare enhancing if the degree of product differentiation increases after the merger; and (ii) privately profitable mergers can also increase welfare. Consequently in this paper we demonstrate that the degree of product differentiation is a crucial factor to assess the welfare effects of a merger.Ítem Solo Metadatos Distributive politics, nature of government spending and economic growth in a low income democracy(Universidad ESAN. ESAN Ediciones, 2011-06-30) Sasmal, JoydebIn this paper we analyze how the government in a democratic setup of the developing world manipulates the fiscal instruments to maximize its political gain so that it can retain power. The government and the voters in low income countries are generally selfish and myopic in the sense that the electorates prefer to get direct and immediate benefits from the government while the government in turn tries to seek majority support in the election by adopting short term and distributive policies instead of going for long term growth. Using the theoretical structure of the existing literature and making modifications therein this study demonstrates that the optimal tax rate public expenditure shares and growth rate are determined in terms of technological and behavioral parameters. The simulation results show that if political gain from distributive policies is high the government will allocate a greater share of the fund for distributive purposes adversely affecting economic growth.
