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Theory and the Market after the Crisis: the Endogeneity of Financial Governance
Underhill, Geoffrey R D - C.E.P.R. Discussion Papers - 2010
market setting. The crisis however demonstrated that financial markets may prove highly dysfunctional in the absence of … adequate mechanisms of regulation and governance. This implies that economic theory requires an enhanced understanding of the … intersection of economic rationality with the rationality of governance. This article extends the insights of institutional …
Persistent link: https://www.econbiz.de/10008784732
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Inequality.
Richardson, S. - Research School of Economics, College of Business and … - 1997
The social sciences in Australia heve been vey active in decribing, measuring, debating and seeking to understand inequality. This essay assesses how the social sciences have gone abour this research task, thier main conclusions and what we still do not know.
Persistent link: https://www.econbiz.de/10005032834
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Isolated Capital Cities and Misgovernance: Theory and Evidence
Campante, Filipe; Do, Quoc-Anh; Guimarães, Bernardo - C.E.P.R. Discussion Papers - 2013
Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we provide a framework of endogenous institutional choice based on the idea that elites are constrained by the threat of rebellion, and that this threat is rendered less effective...
Persistent link: https://www.econbiz.de/10011084326
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Seeds of Distrust: Conflict in Uganda
Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2012
We study the effect of civil conflict on social capital, focusing on the experience of Uganda during the last decade. Using individual and county-level data, we document large causal effects on trust and ethnic identity of an exogenous outburst of ethnic conflicts in 2002-05. We exploit two...
Persistent link: https://www.econbiz.de/10011083530
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Decision-making Procedures: A General Theory and Its Field Experimental Test
Aldashev, Gani; Kirchsteiger, Georg; Sebald, Alexander - C.E.P.R. Discussion Papers - 2009
It is a persistent finding in psychology and experimental economics that people's behavior is not only shaped by outcomes but also by decision-making procedures. In this paper we develop a general framework capable of modelling these procedural concerns. Within the context of psychological games...
Persistent link: https://www.econbiz.de/10005039581
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Should Egalitarians Expropriate Philanthropists?
Dasgupta, Indraneel; Kanbur, Ravi - C.E.P.R. Discussion Papers - 2007
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....
Persistent link: https://www.econbiz.de/10005504401
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Property Crime with Private Protection: A Market-for-Offenses Approach
Hotte, Louis; Valognes, Fabrice; van Ypersele, Tanguy - C.E.P.R. Discussion Papers - 2003
We propose a market-for-offenses model of property crime, which explicitly accounts for protection expenditures among …
Persistent link: https://www.econbiz.de/10005504660
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Community and Class Antagonism
Dasgupta, Indraneel; Kanbur, Ravi - C.E.P.R. Discussion Papers - 2007
We investigate how vertical unity within a community interacts with horizontal class divisions of an unequal income distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from which outsiders are excluded. We formulate the...
Persistent link: https://www.econbiz.de/10005666575
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Transparency, Appropriability and the Early State
Mayshar, Joram; Moav, Omer; Neeman, Zvika - C.E.P.R. Discussion Papers - 2011
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
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On the Selection of Arbitrators
de Clippel, Geoffroy; Eliaz, Kfir; Knight, Brian - C.E.P.R. Discussion Papers - 2011
A key issue in arbitration, which resolves disputes among parties, involves the procedure for selecting an arbitrator. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem. Our findings highlight the problems with current...
Persistent link: https://www.econbiz.de/10009399707