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is causal: a longer period in power increases the chance that a person may start (or continue) a political dynasty …. Therefore, dynastic political power is self-perpetuating in that a positive exogenous shock to a person's political power has … persistent effects through posterior dynastic attainment. In politics, power begets power …
Persistent link: https://www.econbiz.de/10012465532
nondemocracy to democracy, alters the distribution of de jure political power, but the elite can intensify their investments in de … we refer to as invariance. When the model is enriched to allow for limits on the exercise of de facto power by the elite … of the exercise of de jure and de facto political power. A change in political institutions, for example a move from …
Persistent link: https://www.econbiz.de/10012466560
) and civil society (representing non-elite citizens), where both players can invest to increase their power. The model …
Persistent link: https://www.econbiz.de/10012455025
society consists of rich and poor individuals. The rich are initially in power, but expect to transition to democracy, which … rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …
Persistent link: https://www.econbiz.de/10012465912
manufacturers' market power. We also find that greater reliance on a specific tax has greater impact on cigarette smoking, but the … impact diminishes with the growth of manufacturers' market power …
Persistent link: https://www.econbiz.de/10012462370
Illegal arms are responsible for thousands of deaths in civil wars every year. Yet, their trade is very hard to detect. We propose a method to statistically detect illegal arms trade based on the investor knowledge embedded in financial markets. We focus on eight countries under UN arms embargo...
Persistent link: https://www.econbiz.de/10012465297
We develop a model of hierarchies based on the allocation of authority. A firm's owners have ultimate authority over a firm's decisions, but they have limited time or capacity to exercise this authority. Hence owners must delegate authority to subordinates. However, these subordinates also have...
Persistent link: https://www.econbiz.de/10012471397
The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on … the US soft power--is affected by the trade war, utilizing variations across Chinese cities in the exposure to the Trump …
Persistent link: https://www.econbiz.de/10013191093
Elite-People relationship can stabilize autocratic rule. If absolute power is stronger, this stabilizing effect will be … opportunities to access elite status than Premodern Europe, for example via the civil service exam and the absence of hereditary … differences in the power structure of society: (1) the Ruler enjoyed weaker absolute power in Europe; (2) the People were more on …
Persistent link: https://www.econbiz.de/10012482621
This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that...
Persistent link: https://www.econbiz.de/10012462813