Showing 1 - 10 of 88
We argue that anticorruption laws may provide an efficiency rationale for why political parties should meddle in the distribution of political nominations and government contracts. Anticorruption laws forbid trade in spoils that politicians distribute. However, citizens may pay for gaining...
Persistent link: https://www.econbiz.de/10005181580
This paper presents a new model of interest groups and policy formation in the legislature. In our setting, the already given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies to the case of un-enforced or enforced party...
Persistent link: https://www.econbiz.de/10010595384
There exist many indicators for corporatism. Using a latent variables approach, we extract common aspects in 29 … corporatism indicators which have been suggested in the literature and find two factors that can be identified as the degree of …
Persistent link: https://www.econbiz.de/10005406015
This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Some countries especially in continental Europe exhibit a corporatist politicoeconomic equilibrium with a substantial protection of insiders on...
Persistent link: https://www.econbiz.de/10005766256
institutions. This paper shows how such institutions can emerge as a decentralized equilibrium. In a first stage, individuals …
Persistent link: https://www.econbiz.de/10005406144
instruments: the literacy rate at the end of the XIXth century, and the political institutions in place over the past several … and with available measures of institutions in a cross-country setting. …
Persistent link: https://www.econbiz.de/10005406158
Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing … outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come … institutions in a public goods game. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium …
Persistent link: https://www.econbiz.de/10005406364
phenomenon, which is present in poor as well as rich countries; that political institutions have a weak effect on ethnic …
Persistent link: https://www.econbiz.de/10011167133
This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...
Persistent link: https://www.econbiz.de/10011194242
institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …
Persistent link: https://www.econbiz.de/10010736742