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 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
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 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 survey the literature on venture capital and institutions and present a case study comparing the development of the …
Persistent link: https://www.econbiz.de/10010945002
Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...
Persistent link: https://www.econbiz.de/10005082489
is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs di¤er markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …
Persistent link: https://www.econbiz.de/10009399313
Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … institutions—entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and … institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …
Persistent link: https://www.econbiz.de/10008599461