Showing 1 - 10 of 59
A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...
Persistent link: https://www.econbiz.de/10005094474
Using a new data set on Swiss state and local governments from 1890 to today, we analyze how the adoption of proportional representation affects fiscal policy. We show that proportional systems shift spending toward broad goods (e.g. education and welfare benefits) but decrease spending on...
Persistent link: https://www.econbiz.de/10008534018
This paper examines capital tax competition in the presence of an interstate transfer policy without federal commitment. Lack of commitment implies that tax policy is chosen prior to federal transfers. The paper’s main result is that ex-post federal policy internalizes horizontal fiscal...
Persistent link: https://www.econbiz.de/10005766247
exposure to violence substantially increases present bias – choice of the smaller, immediate reward over the larger, later … mitigates the differences in behavior between those who were exposed to violence and those who were not. Our findings suggest … patient choices and mitigate the elevated impulsivity of individuals that have experienced violence. We measure our treatment …
Persistent link: https://www.econbiz.de/10011273089
marginal cost of violence always reduces violence, while increasing the indiscriminate fixed cost may backfire and result in …
Persistent link: https://www.econbiz.de/10005765839
Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent crime. To explain these facts, we examine a model of criminal gangs and suggest that there is a substitution effect between property crime and violent crime at work. In the model,...
Persistent link: https://www.econbiz.de/10005765848
This paper isolates the causal effect of policing on group violence, using unique panel data on self-reported crime by … soccer and ice hockey hooligans. The problem of reverse causality from violence to policing is solved by two drastic … violence increased dramatically during these periods. …
Persistent link: https://www.econbiz.de/10005196282
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
Is human capital a robust predictor of good institutions? Using a new institutional quality measure, the International …
Persistent link: https://www.econbiz.de/10010877712
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