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of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life … of the first generation subject to achieving a given, constant rate of growth in all subsequent generations. Hence, our … paths entailing very low emissions in the future, positive rates of growth in QuoL are possible while the first generation …
Persistent link: https://www.econbiz.de/10010547230
that leads to the stabilization of concentrations at 450 ppm. (2) North and South converge to a path of sustained growth at … year while Souths rates of growth are markedly higher. The transition paths require a drastic reduction of the share of … education in South. Surprisingly, in order to sustain Norths utility growth rate, some output must be transferred from South to …
Persistent link: https://www.econbiz.de/10010547479
the absence of condition (3) drives growth-deterring democratic expansions. Hence, too much and too little democracy can …The nineteenth century was a time of substantial changes in the patterns of economic growth. This was also a period of …, democracy expanded dramatically, giving birth to the first wave of democratization. The concurrence of these changes in the …
Persistent link: https://www.econbiz.de/10010851332
Although economic inequality has long been viewed as a cause of civil conflict, existing research has not found robust … empirical support for this relationship. This study explores the connections between inequality and civil conflict by focusing … data set with country- and group-level measures of inequality within and across ethnic groups. We then show that consistent …
Persistent link: https://www.econbiz.de/10010851402
. In "cohesive" equilibria, all individuals conform to the standard of proper behaviour, income inequality is low and … response to larger inequality. In a "clustered" equilibrium skilled workers work above the mean while unskilled workers work … below. In such an equilibrium, income inequality is large and sentiments are biased in favor of the industrious. As …
Persistent link: https://www.econbiz.de/10010547222
To help explain differences between the US and EU "social contracts" as well as other cultural differences, we present a model of rational voting over redistribution where individual attitudes toward others are endogenously determined. Individuals differ in their productivities and their degree...
Persistent link: https://www.econbiz.de/10010547329
, in countries with weak institutions. Natural resources may be bad for democracy by harming political turnover. Our model … also suggests a non-linear dependence of human capital on natural resources. For low levels of democracy human capital … depends negatively on natural resources, while for high levels of democracy the dependence is reversed. This theoretical …
Persistent link: https://www.econbiz.de/10010547492
Adopting a simplistic view of Coase (1960), most economic analyses of property rights disregard both the key advantage that legal property rights (that is, in rem rights) provide to rightholders in terms of enhanced enforcement, and the difficulties they pose to acquirers in terms of information...
Persistent link: https://www.econbiz.de/10010547227
This chapter proposes two hypotheses on the publicity requirement and the limitations of possession to provide information for legal titling. It then tests these hypotheses by examining how legal systems deal with possession in movable and immovable property, and comparing actual and documentary...
Persistent link: https://www.econbiz.de/10011194311
I analyze the basis of the market economy in classical Rome, from the perspective of personal-versus-impersonal exchange and focusing on the role of the state in providing market-enabling institutions. I start by reviewing the central conflict in all exchanges between those holding and those...
Persistent link: https://www.econbiz.de/10011196335