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Constitutions and Order : A Theory and Evidence from Colombia and the United States
Fergusson, Leopoldo; Mejia, Javier; Robinson, James A.; … - National Bureau of Economic Research - 2023
We propose a framework to explain why some societies may end up with different constitutional solutions to the problem of maintaining order in the face of self-interested behavior. Though the salient intellectual tradition since Hobbes has focused on how institutional design is used to eradicate...
Persistent link: https://www.econbiz.de/10014322888
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The Guarantees of Freedom
Porta, Rafael La - 2002
Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from political interference in the administration of justice, from those of American freedom, which allow judges to restrain law-making powers of the sovereign through constitutional...
Persistent link: https://www.econbiz.de/10012469956
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The U.S. Constitution and Monetary Powers : An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation's Monetary System Emerged
Grubb, Farley - 2005
The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the …
Persistent link: https://www.econbiz.de/10012466888
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Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"
Acemoglu, Daron - 2005
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...
Persistent link: https://www.econbiz.de/10012467450
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Constitutions, Corporations, and Corruption : American States and Constitutional Change
Wallis, John Joseph - 2004
During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...
Persistent link: https://www.econbiz.de/10012468242
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Consequences of Constitutions
Persson, Torsten - 2003
electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is …
Persistent link: https://www.econbiz.de/10012468524
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Constitution or Conflict?
Grossman, Herschel I. - 2002
A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving … possible to design such a self-enforcing constitution. The paper is also concerned with discovering generic features of a self …-enforcing constitution. The analysis yields the following theoretical propositions: If and only if (1) none of the parties to a dispute …
Persistent link: https://www.econbiz.de/10012469982
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On the Law of the Household : The Principles Used by Parents in Disciplining Their Children
Shavell, Steven - National Bureau of Economic Research - 2023
In this article I first describe the basic principles that parents employ in disciplining their children. The description is based on a survey of parents, the major results of which are that parental sanctions are premised on wrongdoing--not on the mere causation of harm; that parental sanctions...
Persistent link: https://www.econbiz.de/10014248008
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Law and firms' access to finance
Beck, Thorsten - 2004
"This paper contributes to the literature on how a country's legal origin influences the operation of its financial system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two channels through which legal origin may influence the...
Persistent link: https://www.econbiz.de/10010523108
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Information and Bargaining through Agents : Experimental Evidence from Mexico’s Labor Courts
Sadka, Joyce - 2018
While observers agree that courts function poorly in developing countries, a lack of data has limited our understanding of the causes of malfunction. We combine data from administrative records on severance cases filed in the Mexico City Labor Court with interventions that provide information to...
Persistent link: https://www.econbiz.de/10012480789