Showing 1 - 10 of 113
Meta-rules, or rules for making rules, determine the costs of innovation and thus the pace of economic growth. Adapting rules to a changing economic environment through explicit, well-designed meta-rules makes economic growth quicker, less painful, and more certain than adapting rules through...
Persistent link: https://www.econbiz.de/10005118854
microeconomic theory (welfare maximisation by the individual agent), our model provides another foundation for the emergence of …
Persistent link: https://www.econbiz.de/10005076618
The distributive politics literature following Weingast (1979) predicts majoritarian redistribution within countries governed by strong party systems. This prediction is tested using evidence from Canadian job creation grant programs active during the mid-1990s. Results provide strong evidence...
Persistent link: https://www.econbiz.de/10005135103
The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each resident as in a direct democracy. Rather than focusing on a narrow model with restrictive and specialized assumptions, and subsequent solutions, as has been...
Persistent link: https://www.econbiz.de/10005412496
, this missing parameter hypothesizes that Frisch's 'rocking-horse theory' of the business cycle is an inaccurate description …
Persistent link: https://www.econbiz.de/10005076708
evidence on sub-Saharan Africa it concludes that the resource curse theory fails to sufficiently explain why and how several …
Persistent link: https://www.econbiz.de/10005125845
In this paper we argue that authorities aid cooperation by means of direct coordination or the enforcement of pre-commitment devices such as contract laws.Credible threats of violence allow this role. In a local interaction model, an authority forms if mutually connected individuals with...
Persistent link: https://www.econbiz.de/10005412451
In this paper we consider the way in which authorities arise in response to the need for coordination. In a model of local interaction, an authority is understood as a self-enforcing coordination selection structure, where the threat of violence ensures compliance. Such authorities form if...
Persistent link: https://www.econbiz.de/10005550871
This paper provides empirical evidence, from the study of sixteen major Indian states for the period 1980-2001, that under the economic reform process, the better institutional mechanism could actually help economies to grow faster with higher level of economic well-being. We estimate economic...
Persistent link: https://www.econbiz.de/10005556115
This paper is one of two working papers concerning the waste management sector transition project run from MERIT under the direction of René Kemp. This paper examines some of the numerous meanings and interpretations associated with the words “institution” and “institutions” and the...
Persistent link: https://www.econbiz.de/10005118890