Showing 1 - 10 of 77
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10005385474
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/10004990068
the incidence of corruption. We first present an interaction-based model on corruption that predicts that the level of … corruption is positively associated with social interaction. Then we empirically verify the theoretical prediction using within … a statistically significantly positive effect on the corruption rate in China. Our findings, therefore, underscore the …
Persistent link: https://www.econbiz.de/10008828390
With complementary Chinese data sets and alternative corruption measures, we explore the consequences of corruption …. Adopting a novel approach we provide evidence that corruption can have both, positive and negative effects, on economic … development. The overall impact of corruption might be the balance of the two simultaneous effects within a specific institutional …
Persistent link: https://www.econbiz.de/10008465524
The topic of corruption has recently attracted a great deal of attention, yet there is still a lack of micro level … empirical evidence regarding the determinants of corruption. Furthermore, the present literature has not investigated the … effects of political interest on corruption despite the interesting potential of this link. We address these deficiencies by …
Persistent link: https://www.econbiz.de/10004965199
Using historical data on early settlers to the United States, this paper tests and confirms the “Culture of Honor” hypothesis by socio-psychologists Dov Cohen and Richard Nisbett (1994, 1996). This hypothesis argues that the high prevalence of homicides in the US South stems from the fact...
Persistent link: https://www.econbiz.de/10008467305
In this paper we build up the analysis of La Porta et al. (1998), to investigate the importance of legal families in explaining the variations in pollution emissions in different countries. The main intuition behind our analysis is that the nations in which the rights of shareholders are more...
Persistent link: https://www.econbiz.de/10005230904
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10010904921
The income that wind and solar power receive on the market is affected by the variability of their output. At times of high availability of the primary energy source, they supply electricity at zero marginal costs, shift the supply curve (merit-order curve) to the right and thereby reduce the...
Persistent link: https://www.econbiz.de/10010904938
Most decisions concerning (self-)insurance and self-protection have to be taken in situations in which a) the effort exerted precedes the moment uncertainty realises, and b) the probabilities of future states of the world are not perfectly known. By integrating these two characteristics in a...
Persistent link: https://www.econbiz.de/10011268586