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Investment in the Absence of Property Rights: The Role of Incumbency Advantages

Konrad, Kai A. - C.E.P.R. Discussion Papers - 2001

In many situations the individuals who can generate some output must enter a contest for appropriating this output. This Paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest. Depending on the advantages, an increase in the productivity of...

Persistent link: https://www.econbiz.de/10005656133

The Empire Is Dead, Long Live the Empire! Long-Run Persistence of Trust and Corruption in the Bureaucracy

Becker, Sascha O.; Boeckh, Katrin; Hainz, Christa; … - C.E.P.R. Discussion Papers - 2011

countries, communities on both sides of the long-gone Habsburg border have been sharing common formal institutions for a century …

Persistent link: https://www.econbiz.de/10008873335

Knocking on Heaven’s Door? Protestantism and Suicide

Becker, Sascha O.; Woessmann, Ludger - C.E.P.R. Discussion Papers - 2011

We model the effect of Protestant vs. Catholic denomination in an economic theory of suicide, accounting for differences in religious-community integration, views about man’s impact on God’s grace, and the possibility of confessing sins. We test the theory using a unique micro-regional...

Persistent link: https://www.econbiz.de/10009147410

Not the Opium of the People: Income and Secularization in a Panel of Prussian Counties

Becker, Sascha O.; Woessmann, Ludger - C.E.P.R. Discussion Papers - 2013

The interplay between religion and the economy has occupied social scientists for long. We construct a unique panel of … doubt on causal interpretations of the religion- economy nexus in Prussian secularization. …

Persistent link: https://www.econbiz.de/10011084066

Multi-Battle Contests

Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2006

We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each component contest is an all-pay auction with complete...

Persistent link: https://www.econbiz.de/10005791548

Multi-Stage Contests with Stochastic Ability

Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2006

We consider the properties of perfectly discriminating contests in which players' abilities are stochastic, but become common knowledge before efforts are expended. Players whose expected ability is lower than that of their rivals may still earn a positive expected payoff from participating in...

Persistent link: https://www.econbiz.de/10005124335

Delay in Contests

Bester, Helmut; Konrad, Kai A. - C.E.P.R. Discussion Papers - 2003

Why is there delay in contests? In this Paper we follow and extend the line of reasoning of Carl von Clausewitz to explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the expected change in relative strengths is moderate, and if...

Persistent link: https://www.econbiz.de/10005504736

Equilibrium and Efficiency in the Tug-of-War

Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2005

by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single stage conflict, such structures can reduce the overall resources that are dissipated among the …

Persistent link: https://www.econbiz.de/10005661937

Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development

Rodrik, Dani; Subramanian, Arvind; Trebbi, Francesco - C.E.P.R. Discussion Papers - 2002

We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions 'trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects …

Persistent link: https://www.econbiz.de/10005667122

Institutions For High-Quality Growth: What They Are And How To Acquire Them

Rodrik, Dani - C.E.P.R. Discussion Papers - 2000

This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can … identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that … institutions. A range of evidence indicates that participatory democracies enable higher-quality growth. …

Persistent link: https://www.econbiz.de/10005791566