Showing 1 - 10 of 353
resist reforms, policies, rules and laws. China’s reform trajectories have been shaped by regional decentralization …
Persistent link: https://www.econbiz.de/10008468688
This paper approaches the question of the appropriate level of decentralization of power in government as a problem in … has nothing to say about the decentralization of power as such. The model of this paper compares allocations of power to …
Persistent link: https://www.econbiz.de/10005792514
We study the dynamic support for fiscal decentralization in a political agency model from the perspective of a region … private sector and the support for decentralization. Since political support to centralization evolves over time, driven …
Persistent link: https://www.econbiz.de/10008468714
We model the different ways in which precedents and contract standardization shape the joint development of markets and the law. In a setting where more resourceful parties can distort contract enforcement, we find that the introduction of standard contracts reduces enforcement distortions...
Persistent link: https://www.econbiz.de/10009205065
This paper uses a large panel of financial flow data from banks to assess how institutions affect international lending. First, employing a time varying composite institutional quality index in a fixed-effects framework, the paper shows that institutional improvements are followed by significant...
Persistent link: https://www.econbiz.de/10005791241
What determines the quality of entrepreneurs? To address this question, the paper proposes a simple model of the interaction between individual workers’ decision to become entrepreneurs and established firms’ effort to keep their best workers and ideas. The main prediction from the model is...
Persistent link: https://www.econbiz.de/10005792326
In this paper we organize the literature on the economics of terrorism around seven different topics, offering a comprehensive view of the literature with a view to identifying questions that remain unanswered. The chosen topic areas are: The Measurement of Terrorist Activity, The Nature of...
Persistent link: https://www.econbiz.de/10005136621
This chapter examines the relationship between corporate governance and competition, particularly with regard to cartel formation, and discusses how corporate governance and firm agency problems affect optimal law enforcement against cartels, both in terms of sanctions and leniency policies....
Persistent link: https://www.econbiz.de/10005498010
This paper presents a contracting model of governance based on the premise that CEOs are the main promoters of governance change. CEOs use their power to extract higher pay or private benefits, and different governance structures are preferred by different CEOs as they favour one or the other...
Persistent link: https://www.econbiz.de/10005656247
ambiguities, creating enforcement risk. To insure against such risk, parties write simple non-contingent contracts that optimally …
Persistent link: https://www.econbiz.de/10009024491