current account imbalances within a currency union. Differences in institutions, especially labor market institutions and …

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 …

-colonial autocratic institutions within ethnic groups and the emergence of autocratic institutions across countries. Diversity has … amplified the importance of institutions in mitigating the adverse effects of non-cohesiveness on productivity, while … contributing to the scope for domination, leading to the formation of institutions of the autocratic type. …

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 …

relationship is influenced by the quality of local institutions, as proxied by corruption. We use representative data from a large …