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leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint … to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face … basis risk associated with the index insurance, and with imperfect trust that promised payouts will be delivered. …
Persistent link: https://www.econbiz.de/10011083318
reconcile the conflicting primal and dual estimates of productivity growth over the period. …
Persistent link: https://www.econbiz.de/10011249371
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts of the state's extractive technology. We posit further that this extractive technology is determined by the transparency of the production technology. This theory is applied to...
Persistent link: https://www.econbiz.de/10009283392
We propose a theory by which geographic variations in the transparency of the production process explain cross-regional differences in the scale of the state, in its hierarchical structure, and in property rights over land. The key linkage between geography and these institutions, we posit, is...
Persistent link: https://www.econbiz.de/10011083761
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
We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a … positive effect on their conflict propensities because more closely related populations, on average, tend to interact more and … that affect conflict, including measures of trade and democracy. …
Persistent link: https://www.econbiz.de/10005061475
Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of … global economic welfare. A rough accounting indicates that such costs might be of the same order of magnitude as the "direct …" costs of war, such as lost human capital, as illustrated by case studies of World War I and World War II. …
Persistent link: https://www.econbiz.de/10005504411
to what has frequently been argued, we show that multi-divisional organizations may involve lower influence costs than … single-tier organizations, even though they offer more scope for organizational conflict and have more executives that can be … influenced. These benefits derive from two effects. First, part of the conflict in multi-divisional organizations takes place on …
Persistent link: https://www.econbiz.de/10005504716
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
group is dominant. We provide a test of a key aspect of our model using data from La Violencia, a political conflict in …
Persistent link: https://www.econbiz.de/10005656168