Policy persistence

Article Abstract:

In an attempt to answer the question of how the introduction of policy alters incentives in the political process, the authors present a dynamic model which shows how political failure comes from lack of support from voters for policies that provide temporary efficiency benefits, believing that they will persist after they have been implemented.

Economics, Research and Development in the Social Sciences and Humanities, Statistical Data Included, Research, Economic policy, Voting research

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Inefficiency in legislative policymaking: a dynamic analysis

Article Abstract:

Use of a legislative policymaking model as a potential for manageable public good spending and distortionary taxation is assessed. David Baron and John Ferejohn's legislative bargaining approach warrants positive implications in terms of political equilibrium and productive economy.

Economic aspects, College teachers, College faculty, Political aspects, Public investments, Government spending policy, Works, Policy sciences, Baron, David, Ferejohn, John

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Long-term contracting with Markovian consumers

Article Abstract:

A method for firms to solidify relations with their long-term customers, in a Markovian scenario, is presented.

Management dynamics, Customer Relations, Management, Usage, Company business management, Markov processes, Sales contracts

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