In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...

Recent empirical data indicate that the Commission's proxy access proposals reduce shareholder wealth and are inimical to the best interests of the shareholder community at large. Cross-sectional variation in stock price response data further suggest that the Commission should reject a...

Florian Dorn erstellte diesen Beitrag während seines Promotionsstudiums an der Universität München (LMU). Die Studie wurde im September 2020 abgeschlossen und von der Fakultät für Volkswirtschaftslehre als Dissertation angenommen. Die Dissertation trägt zur Empirie der Ökonomie des...

Extortive petty corruption takes place when a public official elicits small bribes from citizens for providing public services that the citizens are legally entitled to receive. We implement a novel experimental design that mimics this phenomenon and explores bottom-up approaches for its...

Poorly governed (e.g., repressive) countries tend to be located near other poorly governed countries, and well governed countries near other well governed countries. Researchers, by identifying country characteristics (e.g., ethnic fractionalization) that may influence government quality, have...

This paper applies a novel methodology to measure corruption levels in U.S. states, leading to insights which could be useful to policymakers in their effort to reduce unethical behavior. The level of public corruption is difficult to quantify because much of it goes undetected and because...

This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a framework to analyze the interaction between governments and investors fundamentally, but not exclusively, in utility industries. TCR sees regulation as the governance structure of...

In major legal orders such as UK, the U.S., Germany, and France, bribers and recipients face equally severe criminal sanctions. In contrast, countries like China, Russia, and Japan treat the briber more mildly. Given these differences between symmetric and asymmetric punishment regimes for...

Diverse Skandale haben die öffentlich-rechtlichen Rundfunkanstalten in Misskredit gebracht. Dies hat erneut die Diskussion entfacht, ob der Rundfunk überhaupt in öffentlicher Hand produziert werden sollte. Die Autoren untersuchen dies aus ökonomischer Sicht, diskutieren die seit Anfang 2013...

This paper provides recommendations to foster integrity and transparency in decision making in the State of Mexico, by regulating access and promoting stakeholder engagement; and to enhance transparency and integrity in the funding of political parties and election campaigns. It addresses...