Code for kMajority Cost Paper
Code for kMajority Cost Paper
By Robi Ragan
University of Georgia (2013)
Abstract Paper

Robi  Ragan

San Jose State University

United States

Coder Page  

kMajority Cost Simulation
Created
July 29, 2013
Software:
R 3.0.0
Visits
N.A.
Last update
July 30, 2013
Ranking
9999
Code downloads
N.A.
Abstract
Several authors have examined the optimal k-majority rule using a variety of criteria. We formalize and extend the original argument laid out by Buchanan and Tullock (1965) using the expected costs of a rational voter. I.
Ragan, R., "Code for kMajority Cost Paper", University of Georgia .
Coder:
  • Robi Ragan

    San Jose State University

    United States

Robi Ragan also created these companion sites

Other Companion Sites on same paper

Code for kMajority Cost Paper

Other Companion Sites relative to similar papers

Modeling State Credit Risks in Illinois and Indiana
Abstract
I use an open-source budget-simulation model to evaluate Illinois’s credit risk and to compare it to that of Indiana, a neighboring state generally believed to have better fiscal management. Based on a review of the history and theory of state credit performance, I assume that a state will default if the aggregate of its interest and pension costs reaches 30 percent of total revenues. In Illinois, this ratio is currently 10 percent, compared to 4 percent in Indiana. My analysis finds that neither state will reach the critical threshold in the next few years under any reasonable economic scenario, suggesting no material default risk. Over the longer term, Illinois has some chance of reaching the default threshold, but it would likely be able to take policy actions to lower the ratio before then. If market participants accept my finding that Illinois does not have material default risk, Illinois’s bond yields willfall, yielding cost savings for taxpayers as the state rolls over its debt.
Joffe, D. M., "Modeling State Credit Risks in Illinois and Indiana", Mercatus Center.
Authors: Joffe
Coders: Joffe
Last update
08/01/2013
Ranking
9999
Runs
N.A.
Visits
N.A.
A Simple Empirical Measure of Central Banks' Conservatism
Abstract
In this paper we suggest a simple empirical and model-independent measure of Central Banks' Conservatism, based on the Taylor curve. This new indicator can easily be extended in time and space, whatever the underlying monetary regime of the considered countries. We demonstrate that it evolves in accordance with the monetary experiences of 32 OECD member countries from 1980, and is largely equivalent to the model-based measure provided by Krause & Méndez [Southern Economic Journal, 2005]. We finally bring forward the interest of such an indicator for further empirical analysis dealing with the preferences of Central Banks.
Levieuge, G., "A Simple Empirical Measure of Central Banks' Conservatism", SSRN.
Authors: Levieuge
Lucotte
Coders: Levieuge
Last update
07/23/2012
Ranking
47
Runs
6
Visits
76
logo

Didn't find your answer ?

captcha refresh

Frequently Asked Questions


There isn't any question about this code.