Marco Cozzi

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In multiparty parliamentary democracies government coalitions frequently reshuffle the allocation of cabinet posts, and cabinets terminate before the end of the legislature. I interpret these events as equilibrium outcomes of a strategic interaction among political parties. Parties' incentives to terminate the government and seek early elections depend on(More)
This paper extends the Pissarides (2000) model of the labor market to include crime and punishmentà la Becker (1968). All workers, irrespective of their labor force status can commit crimes and the employment contract is determined optimally. The model is used to study, analytically and quantitatively, the effects of various labor market and crime policies.(More)
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