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Indirect Rule and State Weakness in Africa : Sierra Leone in Comparative Perspective

Acemoglu, Daron; Chaves, Isaías N.; Robinson, James A.; … - 2014

A fundamental problem for economic development is that most poor countries have 'weak state' which are incapable or unwilling to provide basic public goods such as law enforcement, order, education and infrastructure. In Africa this is often attributed to the persistence of 'indirect rule' from...

Persistent link: https://www.econbiz.de/10012458573

Markets Versus Governments : Political Economy of Mechanisms

Acemoglu, Daron - 2006

We study the optimal Mirrlees taxation problem in a dynamic economy with idiosyncratic (productivity or preference) shocks. In contrast to the standard approach, which implicitly assumes that the mechanism is operated by a benevolent planner with full commitment power, we assume that any...

Persistent link: https://www.econbiz.de/10012466444

Politics and Economics in Weak and Strong States

Acemoglu, Daron - 2005

While much research in political economy points out the benefits of "limited government," political scientists have long emphasized the problems created in many less developed nations by "weak states," which lack the power to tax and regulate the economy and to withstand the political and social...

Persistent link: https://www.econbiz.de/10012467409

The Power of the Street : Evidence from Egypt's Arab Spring

Acemoglu, Daron - 2014

During Egypt's Arab Spring, unprecedented popular mobilization and protests brought down Hosni Mubarak's government and …

Persistent link: https://www.econbiz.de/10012458000

Misinformation : Strategic Sharing, Homophily, and Endogenous Echo Chambers

Acemoglu, Daron; Ozdaglar, Asuman E.; Siderius, James - National Bureau of Economic Research - 2021

We present a model of online content sharing where agents sequentially observe an article and must decide whether to share it with others. The article may contain misinformation, but at a cost, agents can fact-check it to determine whether its content is entirely accurate. While agents derive...

Persistent link: https://www.econbiz.de/10012585368

Dynamics of Information Exchange in Endogenous Social Networks

Acemoglu, Daron - 2010

We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An underlying state determines payoffs from different actions. Agents decide which others to form a costly communication link with incurring the...

Persistent link: https://www.econbiz.de/10012462246

Bayesian Learning in Social Networks

Acemoglu, Daron - 2008

We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood of individuals, and chooses one of two possible actions....

Persistent link: https://www.econbiz.de/10012464607

Learning, Diversity and Adaptation in Changing Environments : The Role of Weak Links

Acemoglu, Daron; Ozdaglar, Asuman E.; Pattathil, Sarat - National Bureau of Economic Research - 2023

Adaptation to dynamic conditions requires a certain degree of diversity. If all agents take the best current action, learning that the underlying state has changed and behavior should adapt will be slower. Diversity is harder to maintain when there is fast communication between agents, because...

Persistent link: https://www.econbiz.de/10014287315

The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide

Acemoglu, Daron - 2015

We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link this change to the reversal in the nature of economic institutions, which underwent a series of growth-enhancing reforms following Turkey's financial crisis in 2001, but then...

Persistent link: https://www.econbiz.de/10012457061

A Theory of Equality Before the Law

Acemoglu, Daron - 2018

the carrot and involves low coercion, low inequality, and low effort. A society in which the elite control the means of …--even from the viewpoint of the elite--to establish equality before the law, where all agents are subject to the same coercive … limits on the extent of coercion, greater marginal returns to effort, increases in the size of the elite group, greater …

Persistent link: https://www.econbiz.de/10012453039