Many tasks can only be completed if several people contribute. Likewise, many institutions, e.g. voting rules, require …

institutions. We find that landownership concentration, a proxy for the institution of serf labor, has a negative effect on …

Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of … a transactions-based economy with contracts preceding the transactions, and show that any one of (1) institutions, (2 …

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. …

of institutions. Yet via unification, East Germany had immediate access to credible, high quality institutions. This … paper argues that success in a capitalist economy depends not only on high quality institutions but also on finding one …

After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … importance of institutions for development. Other authors maintain that the type of constraints that the recent theoretical …

phenomenon, which is present in poor as well as rich countries; that political institutions have a weak effect on ethnic …