In this paper we study how differences in the quality of countries' institutions affect the impact of natural hazards in … output distance frontier model to assess two important aspects of the relation-ship between institutions and hazard impacts … institutions of higher quality indeed correlate with higher disaster relief efficiencies. Most important are indicators of good …

, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial … unleashing technological change and through rituals, legal institutions, political economy, and conflict. Synthesizing a disjoint …

satisfaction, but affects different types of citizens differently. Second, we focus on informal institutions and rules of the game …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the …

The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …. We show that institutions must improve significantly in order to yield a stable equilibrium in which the optimal number … of firms is liquidated. There is also a range where improving institutions may decrease the number of bad firms …