Showing 1 - 10 of 132
While several cross-sectional studies (La Porta et. al. 2002, Norton 2002) examine institutional and cultural determinants of economic freedom, changes in economic freedom remain unexamined. I construct a measure of median voter preferences and find changes in voter preferences for economic...
Persistent link: https://www.econbiz.de/10005556897
For groups that must make several decisions of similar form, we define a simple and general mechanism that is designed to promote social efficiency. The mechanism links the various decisions by forcing agents to budget their representations of preferences so that the frequency of preferences...
Persistent link: https://www.econbiz.de/10005077065
This paper develops a positive analysis of stable group formation, highlighting the role of conflict management within groups. The analysis is based on a model of sequential conflict, starting with a "winner- take-all" contest for control of some resource. When a group forms, members pool their...
Persistent link: https://www.econbiz.de/10005125868
This paper considers an economy where groups compete in a contest for power to redistribute future income in their favor. An increased external threat of terrorism--either an increase in the likelihood of a successful terrorist attack or a greater loss of income in the event of a successful...
Persistent link: https://www.econbiz.de/10005125931
This paper develops a positive analysis of alliance formation that builds on a simple economic model featuring a “winner-take-all” contest for control of some resource. When an alliance forms, members pool their efforts in that contest and,if successful, apply the resource to a joint...
Persistent link: https://www.econbiz.de/10005126004
This paper studies dynamic, endogenous institutional change. We introduce the class of dynamic political games (DPGs), dynamic games in which future political aggregation rules are decided under current ones, and the resulting institutional choices do not affect payoffs or technology directly. A...
Persistent link: https://www.econbiz.de/10005062355
This paper examines existence of Markov equilibria in the class of dynamic political games (DPGs). DPGs are dynamic games in which political institutions are endogenously determined each period. The process of change is both recursive and instrumental: the rules for political aggregation at date...
Persistent link: https://www.econbiz.de/10005407586
lose under free trade, unless the world price of the resource is sufficiently high. Regardless of what price obtains in the … world market, countries tend to over-export the contested resource relative to what we would observe if there were no …
Persistent link: https://www.econbiz.de/10005408071
We present a general model of two players contest with two types of efforts. Contrary to the classical models of contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players, contestants are allowed to reduce the effort of the opponent....
Persistent link: https://www.econbiz.de/10005560971
prediction that political liberalization could discourage trade and trade could foster democracy. …
Persistent link: https://www.econbiz.de/10005556478