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How I Learned to Stop Worrying and Love the Crisis

Fidrmuc, Jan - 2012

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...

Persistent link: https://www.econbiz.de/10013111368

Information Aggregation in Democratic Mechanisms

Britz, Volker - 2016

We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...

Persistent link: https://www.econbiz.de/10012994342

Constitution on Ice

Gylfason, Thorvaldur - 2021

This paper reports recent events in Iceland where the political agents of oligarchs didn‘t even bother to try to influence, let alone contest, a national referendum on a new constitution because, if they didn‘t like the result, they would simply find ways to nullify the outcome ex post. The...

Persistent link: https://www.econbiz.de/10013315565

Autocratic Transitions and Growth

Nannicini, Tommaso - 2010

-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth … of countries that experienced a transition to autocracy with the growth of a convex combination of similar countries that … statistical framework, in a panel of 160 countries, we focus on 14 episodes of transition from democracy to autocracy. We find …

Persistent link: https://www.econbiz.de/10013147271

Property Rights, Optimal Public Enforcement, and Growth

Irmen, Andreas - 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/10013117503

Creditor Passivity : The Effects of Bank Competition and Institutions on the Strategic Use of Bankruptcy Filings

Hainz, Christa - 2021

Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...

Persistent link: https://www.econbiz.de/10013316824

Tullock Challenges : Happiness, Revolutions and Democracy

Frey, Bruno S. - 2011

Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical “Tullock Challenges." The first relates to method: The measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...

Persistent link: https://www.econbiz.de/10013124683

Evaluating Real World Income Distributions Behind the Veil of Ignorance - How Risk Averse Do You Have to Be to Prefer Europe Over the US?

Weichenrieder, Alfons J. - 2013

The paper uses a veil of ignorance approach and income distribution data of developed countries to arrive at inequality corrected income rankings. While a risk neutral individual (based on year 2000 data) would have preferred to be born into the US rather than any European country in our sample...

Persistent link: https://www.econbiz.de/10013092158

Chain of Legitimacy : Constitution Making in Iceland

Gylfason, Thorvaldur - 2016

To understand Iceland's political situation, it is necessary to consider the historical background to the post-crash constitutional revision process launched in 2009. Also, the paper offers a brief account of some aspects of the constitution-making process during 2010-2013, including the work of...

Persistent link: https://www.econbiz.de/10012984508

The Economic Effects of Federalism and Decentralization - A Cross-Country Assessment

Voigt, Stefan; Blume, Lorenz - 2021

This paper is based on the conjecture that institutional details matter and that attempts to estimate the economic effects of federalism by drawing on a simple dummy variable neglect potentially important institutional details. Based on a principal component analysis, seven aspects of both...

Persistent link: https://www.econbiz.de/10013316441

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