Showing 1 - 10 of 49
This paper studies a model of how political parties use resources for campaigning to inform voters. Each party has a predetermined ideology drawn from some distribution. Parties choose a platform and campaign to inform voters about the platform. We find that, the farther away parties are from...
Persistent link: https://www.econbiz.de/10005419513
In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded thatsocialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. We extract six "stylized" propositions that are essential elements of...
Persistent link: https://www.econbiz.de/10005780377
We investigate the dramatic transformation of ownership policies and ownership structure in Sweden during the postwar period. After WWII, Swedish ownership policies were guided by a socialist vision where the ultimate goal was abolition of private ownership. These policies came to an end in the...
Persistent link: https://www.econbiz.de/10005645291
We analyze the development of the Swedish ownership model after World War II. The controlling ownership in Swedish firms is typically concentrated to one or two owners. Often, but not always, the controlling owners are Swedish families. Thus, the model resembles the typical corporate control...
Persistent link: https://www.econbiz.de/10005645325
decline. Instead of adjustments in pertinent institutions and practices to ensure effectiveness of the corporate governance of …
Persistent link: https://www.econbiz.de/10008784428
In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. We extract six "stylized" propositions that are essential elements of...
Persistent link: https://www.econbiz.de/10005419535
institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that … entrepreneurial efforts to reform or offset inefficient institutions can in some cases be welfare-improving. …
Persistent link: https://www.econbiz.de/10004969817
The overwhelming majority of self-employed individuals are not entrepreneurial in the Schumpeterian sense. To unmistakably identify Schumpeterian entrepreneurs, we focus on self-made billionaires (in USD) from the Forbes Magazine list who became wealthy by founding new firms. In this way, we...
Persistent link: https://www.econbiz.de/10011095045
for growth. To secure industrial dynamics and growth in the long term, institutions must be designed both to encourage …
Persistent link: https://www.econbiz.de/10011118578
In this paper, I explore the politically contested association between the degree of capitalism, captured by measures of economic freedom, and the risk and characteristics of economic crisis. After offering some brief theoretical considerations, I estimate the effects of economic freedom on...
Persistent link: https://www.econbiz.de/10011127590