market dynamics. Indeed, Virginia’s liberal institutions initially served to attract indentured servants from England needed … reversing the earlier democratic institutions. Our main contribution stems from integrating the labour markets and bargaining …

satisfaction gap between post-socialist and advanced countries and the role of political institutions in explaining this gap. My … and may have even reversed it in the post-crisis years. As institutions and macroeconomic conditions continue to improve …

Formal or informal institutions have long been adopted by societies to protect against opportunistic behavior. However …, we know very little about how these institutions are chosen and their impact on behavior. We experimentally investigate … the demand for different levels of institutions that provide low to high levels of insurance and its subsequent impact on …

Institutions are an important means for fostering prosocial behaviors, but in many contexts their scope is limited and … substantial amounting up to 30 to 40 percent of the direct effect of institutions. When the institution is determined endogenously … also find that institutions of either type enhance prosocial preferences and beliefs about others' prosocial behavior, even …

Why do some societies fail to adopt more efficient political and economic institutions in response to changing economic … productivity, cultural beliefs and institutions. In our model, production shocks that benefit one sector of the economy may induce …

Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do … institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with … prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital …