The issue of internal security has become increasingly complex over the past decades. As there is an increasing overlap between private and public provision of security, the question of how to allocate responsibility for security between the public sphere (state) and the private sphere has...

Marriage and divorce decisions are influenced by the institutional environment they are made in. One example is the social insurance system, which acts as a substitute for within-household insurance against economic shocks. In this paper, we quantify the importance of household-level insurance...

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...

Although many virtuous leaders are guided by the ideal of prioritizing the need and welfare of their subordinates, others advance their self-interest at the expense of the people they purport to serve. In this article, we discuss the relationship between leadership and the spread of conspiracy...

The offshoring of production by multinational firms has expanded dramatically in recent decades, increasing these firms’ potential for economic growth and technological transfers across countries. What determines the location of offshore production? How do countries' policies and...

This paper discusses the historical and social origins of the bifurcation in the political institutions of China and Western Europe. An important factor, recognized in the literature, is that China centralized state institutions very early on, while Europe remained politically fragmented for...

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

The institutional reforms France imposed in the parts of Germany it occupied in the late eighteenth and early nineteenth centuries are claimed to provide an example of successful externally-imposed institutional reforms. The most detailed study is that of Lecce and Ogliari (2019), who argue that...

We use archetypoid analysis as a new tool to categorize institutions and faculties of economics. The approach identifies typical characteristics of extreme (archetypal) values in a multivariate data set. Each entity under investigation is assigned relative shares of the identified archetypoid,...