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This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution to assess the role played by transaction costs in delaying the reallocation of property rights in the aftermath of fundamental institutional reform. French districts with a...
Persistent link: https://www.econbiz.de/10012299758
that are more effective at preventing outsider's entry and at mitigating price competition lead to less patenting. We test … restrict entry and price competition. We show that guilds which originated from medieval religious confraternities were more … likely to regulate entry and competition, and that the effect on patenting is robust to instrumenting guild statutes with …
Persistent link: https://www.econbiz.de/10011717162
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was affected by the action of some interest groups that pursued both state protection from competition and specific public …
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The Reformation provided a powerful source of legitimacy for secularization of governance and enabled the regional authorities to change the institutional structure to eliminate the inefficiencies under the prevailing (Catholic) regime. We investigate this idea in a simple model of regime change...
Persistent link: https://www.econbiz.de/10011509503
It is generally argued that, in the context of Imperial Germany, public primary education was used to form "loyal citizens" and to build a nation. In this paper we analyze to what extent central spending on primary education affected participation at general elections and votes for...
Persistent link: https://www.econbiz.de/10011541141
The economic impact of an institutional transplant depends on the underlying cultural envi-ronment of the receiving country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the receiving territories are characterized by cultural...
Persistent link: https://www.econbiz.de/10011405198