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Party Politics in Taiwan
In 1991 Taiwan held its first fully democratic election. This first single volume of party politics in Taiwan analyzes the evolution of party competition in the country, looking at how Taiwan’s parties have adjusted to their new multi-party election environment. It features key chapters on:
the development of party politics in Taiwan
the impact of party change on social welfare, corruption and national identity
party politics in the DPP era.
Including interviews with high-ranking Taiwanese politicians and material on the 2004 Presidential election, this important work brings the literature up-to-date. It provides a valuable resource for scholars of Chinese and Taiwanese politics and a welcome addition to the field of regime transition and democratization.
Acknowledgements. List of Tables List of Figures. Abbreviations. 1. Party Change and the Democratic Evolution of Taiwan 2. The Development of Party Politics in Taiwan 3. Issues in Taiwanese Electoral Politics 4. Party Change on the Social Welfare Issue 5. Party Change on the Political Corruption Issue 6. Party Change on the National Identity Issue 7. Party Politics in the DPP Era 8. Conclusion. Bibliography. Appendix 1. Appendix 2
eBook
Does Net Buying Pressure Affect the Shape of Implied Volatility Functions?
This paper examines the relation between net buying pressure and the shape of the implied volatility function (IVF) for index and individual stock options. We find that changes in implied volatility are directly related to net buying pressure from public order flow. We also find that changes in implied volatility of S&P 500 options are most strongly affected by buying pressure for index puts, while changes in implied volatility of stock options are dominated by call option demand. Simulated delta-neutral option-writing trading strategies generate abnormal returns that match the deviations of the IVFs above realized historical return volatilities.
Journal Article
LOBBYING COMPETITION OVER TRADE POLICY
Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This article investigates the consequences of lobbying competition between upstream and downstream producers. The theoretical structure underlying the empirical analysis is the well-known Grossman-Helpman model of trade policy determination, modified to account for the cross-sectoral use of inputs (itself a quantitatively significant phenomenon, with around 50% of manufacturing output being used by other sectors rather than in final consumption). Our empirical results validate the theoretical predictions. Importantly, accounting for lobbying competition also alters substantially estimates of the \"welfare-mindedness\" of governments in setting trade policy.
Journal Article
The Zapatista movement and Mexico's democratic transition : mobilization, success, and survival
\"Transitions from authoritarian to democratic governments can provide ripe scenarios for the emergence of new, insurgent political actors and causes. In peaceful transitions such movements may become influential political players and gain representation for previously neglected interests and sectors of the population. But for this to happen insurgent social movements need both opportunities for mobilization and opportunities to succeed and survive. What happens to insurgent social movements that emerge during a democratic transition but fail to achieve their goals? How influential are they? To answer these questions, Maria Inclan looks at Mexico's Zapatista movement, whose emergence she argues was caught between 'sliding doors' of mobilization opportunity. The Zapatistas were able to mobilize sympathy and support for the indigenous agenda inside and outside of the country, yet failed to achieve their goals vis-لa-vis the Mexican state. Nevertheless, the movement has survived and sustained its autonomy despite lacking legal recognition. Inclan examines the vitality of the movement during various tests of the emergent democracy (during more competitive elections, under various political parties, and amid various repressive measures). She also looks at state responsiveness to movement demands and the role of transnational networks in the movement's survival. She extends these into a more general test of the quality of young democracies, to identify the extent to which emerging political forces incorporate dissident and previously excluded political actors into democratic polities\"-- Provided by publisher.
Book
Lost jobs, broken marriages
This paper examines the impact of both husbands' and wives' job displacement on the risk that the marriage ends in divorce. Using Swedish-linked employee—employer data, all married couples in which one of the spouses lost his or her job because of an establishment closure in 1987 or 1988 and a comparison sample were identified. Over a 12-year period, the excess risk of divorce among couples' in which the husband was displaced was 13% and statistically significant. The estimated impact of wives' job displacements was of almost the same size, but not statistically significant.
Journal Article
Estimating the firm's labor supply curve in a 'new monopsony' framework: schoolteachers in Missouri
In the context of certain dynamic models, it is possible to infer the elasticity of labor supply to the firm from the elasticity of the quit rate with respect to the wage. Using this property, we estimate the average labor supply elasticity to public school districts in Missouri. We leverage the plausibly exogenous variation in prenegotiated district salary schedules to instrument for actual salary. These estimates imply a labor supply elasticity of about 3.7, suggesting that school districts possess significant market power. The presence of monopsony power in this teacher labor market may be partially explained by its institutional features.
Journal Article