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Motivated by a novel stylized fact - countries with isolated capital cities display worse quality of governance - we … democracies, the threat of insurgencies is not a binding constraint, and the model predicts no correlation between isolated … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence …
Persistent link: https://www.econbiz.de/10010951385
Do foreign educated individuals play a role in promoting democracy in their home country? Despite the large amount of … foster democracy in their home countries. Using a unique panel dataset on foreign students starting from 1950, I show that … indeed foreign-educated individuals promote democracy in their home country, but only if the foreign education is acquired in …
Persistent link: https://www.econbiz.de/10005791894
of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions …
Persistent link: https://www.econbiz.de/10010950707
We consider bilateral trade problems subject to incomplete information on the reservation values of the agents. We address negotiations where the communication of proposals takes place through the filter of a third party, a mediator: traders submit proposals over continuous time to the mediator...
Persistent link: https://www.econbiz.de/10005690438
Social institutions were often founded by the elite to avoid social upheavals. Institutions helped mitigate the threat … cultural and social factors. The differences in Chinese and English social institutions explain why England became the first …
Persistent link: https://www.econbiz.de/10010659334
This paper develops a new argument for the Chinese Communist Party´s success in implementing the post-Mao economic reform. We build a three-player political agency model, showing that the credibility of the threats of deposition by the selectorate and of revolts by citizens are both crucial...
Persistent link: https://www.econbiz.de/10011082293
Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of...
Persistent link: https://www.econbiz.de/10005830552
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