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Julio 2019

Autores: 

Alejandro Caparrós, Michael Finus

We analyze the formation of public good agreements under the weakest-link technology. Whereas policy coordination is not necessary for symmetric players, it matters for asymmetric players; however, this fails in the absence of transfers. By contrast, with a transfer scheme, asymmetry may be an asset for cooperation. We characterize various types and degrees of asymmetry and relate them to the stability of self-enforcing agreements. Asymmetric distributions of autarky public good provision levels (also representing asymmetric interests in cooperation) that are positively skewed tend to be...

Junio 2019

Autores: 

Luis Moreno

This paper contributes to the ongoing discussion about the impact of robotization on welfare democracies. It advances conjectures on possible future scenarios following the examination of past trajectories. The context of analysis is that corresponding to welfare capitalism in the Western hemisphere. An historical examination of the three Ages of Welfare (Golden, 1945-75; Silver, 1976, 2017; and Bronze, 2008--?) provides the historical bases with the purpose of pondering prospective scenarios. Arguably, the structural economic overturn brought about by robotization and related technologies...