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Property rights, optimal public enforcement, and growth

Irmen, Andreas; Kuehnel, Johanna - 2011

We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement...

Persistent link: https://www.econbiz.de/10010280647

Pampered Bureaucracy, Political Stability, and Trade Integration

Stroup, Caleb; Zissimos, Benjamin - 2017

This paper examines the effect of trade integration and comparative advantage on one of a country’s institutions, which in turn inuences its economic efficiency. The environment we explore is one in which a country’s lower classes may revolt and appropriate wealth owned by a ruling elite....

Persistent link: https://www.econbiz.de/10011615926

Mine, Ours or Yours? Unintended Framing Effects in Dictator Games

Bergh, Andreas; Wichardt, Philipp Christoph - 2018

This paper reports results from a classroom dictator game comparing the effects of three different sets of standard instructions. The results show that seemingly small differences in instructions induce fundamentally different perceptions regarding entitlement. Behavior is affected accordingly,...

Persistent link: https://www.econbiz.de/10011872106

Insecure Property Rights and the Missing Middle

Grigoryan, Aram; Polborn, Mattias - 2018

them to a contest for control of their firms. Entrepreneurs have heterogeneous productivity, and decide how much capital to … invest before raiders decide whom to attack. In equilibrium, low productivity entrepreneurs are unaffected by the existence … of raiders, while mid- and high-productivity entrepreneurs suffer. However, while raiders essentially act like a tax for …

Persistent link: https://www.econbiz.de/10011931953

Persuasion as a contest

Skaperdas, Stergios; Vaidya, Samarth - 2007

From marketing and advertising to political campaigning and court proceedings, contending parties expend resources to persuade an audience of the correctness of their view. We examine how the probability of persuading the audience depends on the resources expended by the parties, so that...

Persistent link: https://www.econbiz.de/10010264260

Incomplete property rights and overinvestment

Amegashie, J. Atsu - 2009

I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...

Persistent link: https://www.econbiz.de/10010265975

Conflict, settlement, and the shadow of the future

McBride, Michael; Skaperdas, Stergios - 2009

In many instances of potential violent or non-violent conflict the future strategic positions of adversaries are very different when there is open conflict than when there is settlement. In such environments we show that, as the future becomes more important, open conflict becomes more likely...

Persistent link: https://www.econbiz.de/10010267048

The costs of organized violence : a review of the evidence

Skaperdas, Stergios - 2009

I critically review recent studies that estimate those costs of violence and conflict that can emerge among organized political groupings, from states, religious and ethnic organizations to guerillas and paramilitaries. The review includes studies that estimate direct and indirect costs due to...

Persistent link: https://www.econbiz.de/10010267051

Socio-political conflict and economic performance in Bolivia

Evia, Jose Luis; Laserna, Roberto; Skaperdas, Stergios - 2008

We examine how socio-political conflict in Bolivia has affected its economic performance since the 1970s. Such conflict includes strikes, demonstrations, road blockades, and conventional rent-seeking. Since conflict has costs, it diverts resources away from production, tends to reduce investment...

Persistent link: https://www.econbiz.de/10010273773

International trade and transnational insecurity : how comparative advantage and power are jointly determined

Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2009

We augment the canonical neoclassical model of trade to allow for interstate disputes over land, oil, water, or other resources. The costs of such disputes in terms of arming depend on the trade regime in place. Under either autarky or free trade, the larger country (in terms of factor...

Persistent link: https://www.econbiz.de/10010273813