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Path Dependence, Institutions and the Density of Economic Activities: Evidence from Italian Cities

Percoco, Marco - Fondazione ENI Enrico Mattei (FEEM) - 2010

of institutions. In this paper, I consider the case of firm concentration in Italy and its impact on local development. A … large and growing literature has argued in favour of persisting effects of past institutions on current outcomes. Hence, in …

Persistent link: https://www.econbiz.de/10008642141

An Empirical Contribution to the Debate on Corruption,Democracy and Environmental Policy

Pellegrini, Lorenzo; Gerlagh, Reyer - Fondazione ENI Enrico Mattei (FEEM) - 2005

Both theoretical and empirical studies have shown that democracy and corruption have substantial influence on … environmental policy. In this paper, we empirically analyse whether both democracy and corruption are equally important determinants … determinant of environmental policies, while democracy has a very limited impact. Further on, we discuss our results in the …

Persistent link: https://www.econbiz.de/10005570316

On the Legitimacy of Coercion for the Financing of Public Goods

Bierbrauer, Felix - Fondazione ENI Enrico Mattei (FEEM) - 2009

The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...

Persistent link: https://www.econbiz.de/10008502099

The Effect of Spillovers and Congestion on the Segregative Properties of Endogenous Jurisdiction Structure Formation

Oddou, Rémy - Fondazione ENI Enrico Mattei (FEEM) - 2011

This paper analyzes the effect of spillovers and congestion of local public goods on the segregative properties of endogenous formation of jurisdiction. Households living in the same place form a jurisdiction and produce a local public good, that creates positive spillovers in other...

Persistent link: https://www.econbiz.de/10009131106

Sovereign Wealth Funds: Form and Function in the 21st Century

Clark, Gordon L.; Monk, Ashby H. B. - Fondazione ENI Enrico Mattei (FEEM) - 2010

nation-state development institutions that intermediate between financial markets and the long-term commitments of the nation …

Persistent link: https://www.econbiz.de/10008828394

Computational Complexity in Additive Hedonic Games

Dimitrov, Dinko; Sung, Shao-Chin - Fondazione ENI Enrico Mattei (FEEM) - 2008

We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...

Persistent link: https://www.econbiz.de/10005230821

Divide and Conquer: Noisy Communication in Networks, Power, and Wealth Distribution

Perez, Wilson - Fondazione ENI Enrico Mattei (FEEM) - 2004

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

Oil Revenues, Ethnic Fragmentation and Political Transition of Authoritarian Regimes

Cologni, Alessandro; Manera, Matteo - Fondazione ENI Enrico Mattei (FEEM) - 2012

Natural resources are generally associated to negative effects on the political environment of a country. This paper explores the impact that oil revenues have on the establishment of a given political system. Based on previous literature, a political economy perspective is employed. A simple...

Persistent link: https://www.econbiz.de/10010541202

River Sharing and Water Trade

Ansink, Erik; Gengenbach, Michael; Weikard, Hans-Peter - Fondazione ENI Enrico Mattei (FEEM) - 2012

We analyse river sharing games in which a set of agents located along a river shares the available water. Using coalition theory, we find that the potential benefits of water trade may not be sufficient to make all agents in the river cooperate and acknowledge property rights as a prerequisite...

Persistent link: https://www.econbiz.de/10010541206

The Grand Experiment of Communism: Discovering the Trade-off between Equality and Efficiency

Farvaque, Etienne; Mihailov, Alexander; Naghavi, Alireza - Fondazione ENI Enrico Mattei (FEEM) - 2011

This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences in different economic systems. We introduce inequality-averse and inefficiency-averse agents responding to economic incentives and transmitting their ideology...

Persistent link: https://www.econbiz.de/10009320986