Showing 1 - 10 of 249
We consider a voluntary contributions game, in which players may punish others after contributions are made and observed. The productivity of contributions, as captured in the marginal-per-capita return, differs among individuals, so that there are two types: high and low productivity. Every two...
Persistent link: https://www.econbiz.de/10005013941
Usually, groups increase their productivity by the specialization of their group members. In these cases, group output is no longer simply a sum of individual outputs. We analyze contests with group-specific public goods that allow for different degrees of complementarity between group...
Persistent link: https://www.econbiz.de/10008511604
In this paper we present three simple theoretical models to explain the influence of the possibility to make non-binding announcements on investment behaviour in public goods settings. Our models build on the idea that voluntary contributions to the supply of a public good might be motivated by...
Persistent link: https://www.econbiz.de/10005094302
The present paper analyzes situations in which groups compete for rents. A major result in the literature has been that there are both cases where larger groups have advantages and cases where they have disadvantages. The paper provides two intuitive criteria which for groups with homogenous...
Persistent link: https://www.econbiz.de/10008853859
We investigate situations in which players make costly contributions as group members in a group conflict, and at the same time engage in contest with fellow group members to appropriate the possible reward. We introduce within group power asymmetry and complementarity in members’ efforts, and...
Persistent link: https://www.econbiz.de/10011103399
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …
Persistent link: https://www.econbiz.de/10010877698
This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …
Persistent link: https://www.econbiz.de/10010877727
positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …
Persistent link: https://www.econbiz.de/10005181428
This paper scrutinizes the recently postulated link between the European Marriage Pattern (EMP) and economic success. A metastudy of the historical demography literature shows that the EMP did not prevail throughout Europe, its three key components did not always coincide, and its more extreme...
Persistent link: https://www.econbiz.de/10010659185
This paper proposes an answer to the question of why social unrest sometimes occurs in the wake of an IMF Structural Adjustment Program (SAP). Under certain circumstances, partly determined by a country’s comparative advantage, a nation’s elite may have an incentive to make transfers to the...
Persistent link: https://www.econbiz.de/10010641420