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The Impact of Terrorism Across Industries: An Empirical Study
Berrebi, Claude; Klor, Esteban F - C.E.P.R. Discussion Papers - 2005
This paper uses scoring matching techniques and event study analysis to elucidate the impact of terrorism across … that belong to the defence, security or anti-terrorism related industries and other companies. The findings show that … whereas terrorism has a significant negative impact on non defence-related companies, the overall effect of terrorism on …
Persistent link: https://www.econbiz.de/10005067462
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Democratization or Repression?
Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999
Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason why the elite may have to resort to full-scale...
Persistent link: https://www.econbiz.de/10005666486
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Investment in the Absence of Property Rights: The Role of Incumbency Advantages
Konrad, Kai A. - C.E.P.R. Discussion Papers - 2001
In many situations the individuals who can generate some output must enter a contest for appropriating this output. This Paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest. Depending on the advantages, an increase in the productivity of...
Persistent link: https://www.econbiz.de/10005656133
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Foreign Influence and Welfare
Antràs, Pol; Padró i Miquel, Gerard - C.E.P.R. Discussion Papers - 2008
-enhancing from the point of view of aggregate world welfare because it helps alleviate externalities arising from cross …
Persistent link: https://www.econbiz.de/10005661468
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A Theory of Political Transitions
Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999
We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America. Nondemocratic societies are controlled by a rich elite. The initially disenfranchised poor can contest power by threatening social unrest or revolution, and this may force the...
Persistent link: https://www.econbiz.de/10005661707
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Does Terrorism Work?
Gould, Eric D; Klor, Esteban F - C.E.P.R. Discussion Papers - 2009
This paper examines whether terrorism is an effective tool to achieve political goals. By exploiting variation in … response to terror. Hence, terrorism appears to be an effective strategy in terms of shifting the entire Israeli political … landscape to the left. These findings may shed light on the causes underlying the spread of global terrorism in the last few …
Persistent link: https://www.econbiz.de/10008458294
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Who is the Enemy?
Epstein, Gil S; Gang, Ira - C.E.P.R. Discussion Papers - 2004
We examine who benefits when there is a strong leader in place, and those who benefit when a situation lacks a proper leader. There are fractious terrorist groups who seek to serve the same people in a common cause against a common enemy. The groups compete for rents obtained from the public by...
Persistent link: https://www.econbiz.de/10005791251
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Hit or Miss? The Effect of Assassinations on Institutions and War
Jones, Benjamin; Olken, Benjamin - C.E.P.R. Discussion Papers - 2007
all world leaders from 1875 to 2004, we exploit inherent randomness in the success or failure of assassination attempts to …
Persistent link: https://www.econbiz.de/10005792207
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So Closed: Political Selection in Proportional Systems
Galasso, Vincenzo; Nannicini, Tommaso - C.E.P.R. Discussion Papers - 2015
We analyze political selection in a closed list proportional system where parties have strong gate-keeping power, which they use as an instrument to pursue votes. Parties face a trade-off between selecting loyal candidates or experts, who are highly valued by the voters and thus increase the...
Persistent link: https://www.econbiz.de/10011213305
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Social Mobility and the Demand for Redistribution: the POUM Hypothesis
Bénabou, Roland; Ok, Efe A - C.E.P.R. Discussion Papers - 1998
Even relatively poor people oppose high rates of redistribution because of the anticipation that they, or their children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain why democracies do not engage in large-scale...
Persistent link: https://www.econbiz.de/10005662178