Showing 1 - 10 of 40
Persistent link: https://www.econbiz.de/10001453047
We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential efficiency gains, but only with sustained cooperation. We then study the effect of exogenously...
Persistent link: https://www.econbiz.de/10010316831
Alchian and Demsetz’s (1972) influential explanation of the classical business firm argues that there is need for a concentrated residual claim in the hands of a central agent, to motivate the monitoring of workers. We model monitoring as a way to transform team production from a collective...
Persistent link: https://www.econbiz.de/10010318992
While there is an extensive literature on the theory of in finitely repeated games, empirical evidence on how “the shadow of the future” affects behavior is scarce and inconclusive. We simulate in finitely repeated prisoner’s dilemma games in the lab by having a random continuation rule....
Persistent link: https://www.econbiz.de/10010318999
While most countries have harmonized intellectual property rights (IPR) legislation, the dispute about the optimal level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the classical North-South assumptions to study (a)...
Persistent link: https://www.econbiz.de/10010305986
This paper investigates economic and political determinants of protection across the secondary (manufacturing) sector. Economic factors can be summarized by the infant industry argument and we expect industries which are relatively efficient compared to the rest-of-the-world to have low levels...
Persistent link: https://www.econbiz.de/10010334289
negatively by trade, while the Gini statistic is fueled by the falling labour share and increasing financial payments. Using …
Persistent link: https://www.econbiz.de/10010368155
for adverse effects of regulatory heterogeneity on intra-EU trade in the pre-harmonization period, which questions the …
Persistent link: https://www.econbiz.de/10012099543
of trade flows in environmental goods (EG) on total CO2 and SO2 emissions. Our system-GMM estimations reveal positive … recurrently found to face increased pollution (in particular CO2 emissions) due to direct scale-composition effects of trade in …-induced effects. We show that the direct, indirect and total effects of trade in EGs depend on the country’s net trade status, the EGs …
Persistent link: https://www.econbiz.de/10011816759
the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, the paper shows how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden … trade increases the likelihood of default. A sudden stop takes place when the borrowers reject the amount that lenders want …
Persistent link: https://www.econbiz.de/10010278261