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This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a …
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Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
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; Unified Growth Theory …
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establishes that consistent with the predictions of the theory, individuals and ethnic groups that are originated in regions …
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Despite the importance attributed to the effects of diversity on the stability and prosperity of nations, the origins of the uneven distribution of ethnic and cultural fragmentation across countries have been underexplored. Building on the role of deeply-rooted biogeographical forces in...
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