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Guimaraes, Bernardo; Sheedy, Kevin D. - London School of Economics (LSE) - 2012

Institutions that serve the interests of an elite are often cited as an important reason for poor economic performance …. This paper builds a model of institutions that allocate resources and power to maximize the payoff of an elite, but where … any group that exerts sufficient fighting effort can launch a rebellion that destroys the existing institutions. The …

Persistent link: https://www.econbiz.de/10010746446

The economics of poverty in poor countries

Dasgupta, Partha - London School of Economics (LSE) - 1998

This article examines the links that have recently been studied between poverty, high fertility and undernourishment, on the one hand, and degradation of the local environmental-resource base and civic disconnection, on the other, in poor countries. An account is offered of a number of pathways...

Persistent link: https://www.econbiz.de/10010745075

Does social insurance help secure property rights?

MacCulloch, Robert - London School of Economics (LSE) - 2001

This paper develops a simple model to show how social insurance affects the desire to revolt against property rights. It then tests for the effect of social insurance on revolt by introducing a panel data set derived from surveys across 200,000 randomly sampled individuals from the 1970s to the...

Persistent link: https://www.econbiz.de/10010745808

What makes a revolution?

MacCulloch, Robert - London School of Economics (LSE) - 2001

Although property rights are the cornerstone of capitalist economics, throughout history existing claims have been frequently overturned and redefined by revolution. A fundamental question for economists is what makes revolutions more likely to occur. A large literature has found contradictory...

Persistent link: https://www.econbiz.de/10010746062

Right to the city and critical reflections on property rights activism in China’s urban renewal contexts

Shin, Hyun Bang - London School of Economics (LSE) - 2011

The rapid transformation of urban socio-spatial landscape in China has resulted in an increasing degree of frustration and discontent among local residents who face threats of demolition and eviction. This has given rise to sporadic protests by local residents who are often known as ‘nail...

Persistent link: https://www.econbiz.de/10010746263

Ownership, incentives and monitoring

Bai, Chong-En; Xu, Cheng-Gang - London School of Economics (LSE) - 2001

This paper studies the effect of ownership structure on workers’ incentives for investing in firm-specific human capital. Particularly, we analyse such incentives and monitoring under employee ownership and capitalist ownership. In our model, the employee-owned firm is a firm bought by its...

Persistent link: https://www.econbiz.de/10010746375

The property-rights theory of the firm with endogenous timing of asset purchase

de Meza, David; Lockwood, Ben - London School of Economics (LSE) - 1998

The standard property-rights theory of the firm assumes that prior to investing in human capital, team members meet and negotiate asset ownership. This paper endogenizes the event sequence in a matching model of market equilibrium. Equilibria exist in which, for strategic and efficiency reasons,...

Persistent link: https://www.econbiz.de/10010884491

Happiness in transition: the case of Kyrgyzstan

Namazie, Ceema; Sanfey, Peter - London School of Economics (LSE) - 1998

We analyse self-reported measures of satisfaction with life in a transition country, Kyrgyzstan, using 1993 household …

Persistent link: https://www.econbiz.de/10010744878

Macroeconomic policies and achievements in transition economies, 1989-1999

Gomulka, Stanislaw - London School of Economics (LSE) - 2000

during the first half of the 21st century is also estimated for key transition economies. …

Persistent link: https://www.econbiz.de/10010745018

Financial institutions and the wealth of nations: tales of development

Tong, Jian; Xu, Cheng-Gang - London School of Economics (LSE) - 2004

institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … evolution of the financing regimes. The effectiveness of R&D selection mechanisms depends on the institutions and the … selection capacity. Depending on the legal institutions, economies in equilibrium chose regimes that lead to different steady …

Persistent link: https://www.econbiz.de/10010745283