-dependent externalities to the non-consumers. Resale markets for such goods are analysed in various institutional settings with complete …

, the monopolist cannot do strictly better by allowing resale despite the fact that consumers are willing to pay more when …

computed from the posterior mode of the joint distribution of admissible models both in the fully identified and in the …

We construct a model of revolution and transition to democracy under an individualistic and a collectivist culture. The … culture are more likely to end up adopting democracy faster than countries with a collectivist culture. Our instrumental … variable estimation suggests a strong and robust effect of individualistic culture on average polity scores and length of …

This paper makes three contributions to the growing literature on culture and economics. Using answers to the World … cultural distance; (iii) trade openness has a lock-in effect on culture. Third, we test the model using an instrumental …

analysis improves upon existing studies of the role of "culture" for labor market outcomes by dealing explicitly with the … do all this we find that culture still matters for women employment rates and for hours worked. However, policies and …

. How do culture and institutions interact in generating different evolutionary trajectories of societal organizations? Do …