| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15508 |
| DP15508 On the (Ir)relevance of Firm Size for Bail-outs under Voter-Neutrality: The Case of Foreign Stakeholders | |
| Linda Schilling | |
| 发表日期 | 2020-12-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | A failing firm employs domestic and foreign stakeholders. The latter have no voting rights. A politician decides on the vote-share maximizing bailout. In a probabilistic voting model, I analyze whether foreign stakeholders impact bailouts. Stakeholder voters shade their vote to reward the politician, while non-stakeholder voters punish the politician for imposing bailout-financing taxes. If foreign stakeholders neither pay taxes nor receive bailouts (seasonal workers), only voters at the firm level matter. Firms with equally large stakeholder groups receive distinct bailouts in equilibrium, depending on their voter-concentration among stakeholders. If foreigners pay taxes and receive bailouts (greencard holders), they impact the electorate and thus bailouts through monetary transfers despite their lack of voting rights. Then adding foreigners can both increase or decrease bailouts. The measure of all firm stakeholders remains insufficient to determine bailouts. In either case, vote-share maximizing bailouts equal socially optimal bailouts only if all stakeholders are domestic. |
| 主题 | Financial Economics ; Monetary Economics and Fluctuations ; Public Economics |
| 关键词 | Bailouts Political economy Economic voting Probabilistic voting Vote-share maximization Too-big-to-fail Labor migration Socially optimal bailouts |
| URL | https://cepr.org/publications/dp15508 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544509 |
| 推荐引用方式 GB/T 7714 | Linda Schilling. DP15508 On the (Ir)relevance of Firm Size for Bail-outs under Voter-Neutrality: The Case of Foreign Stakeholders. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Linda Schilling]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Linda Schilling]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Linda Schilling]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
