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The effect of direct democratic institutions on income redistribution : evidence from Switzerland

Feld, Lars P. (contributor); … - 2008

the main focus is on comparison between different forms of representative democracy, the influence of direct democracy on … redistribution has attracted much less attention. According to theoretical arguments and previous empirical results, government … representative democracies. In this paper, we find that institutions of direct democracy are associated with lower public spending …

Persistent link: https://www.econbiz.de/10012771335

Cross-Country Determinants of Life Satisfaction : Exploring Different Determinants Across Groups in Society

Bjørnskov, Christian - 2008

This paper explores a wide range of cross-country determinants of life satisfaction exploiting a database of 90,000 observations in 70 countries. We distinguish four groups of aggregate variables as potential determinants of satisfaction: political, economic, institutional, and human development...

Persistent link: https://www.econbiz.de/10012771337

Marry for What? Caste and Mate Selection in Modern India

Banerjee, Abhijit V. - 2010

This paper studies the role played by caste, education and other social and economic attributes in arranged marriages among middle-class Indians. We use a unique data set on individuals who placed matrimonial advertisements in a major newspaper, the responses they received, how they ranked them,...

Persistent link: https://www.econbiz.de/10013148231

State Capacity, Conflict and Development

Besley, Timothy J. - 2010

We report on an on-going project, which asks a number of questions relevant to the study of state capacity. What are the main economic and political determinants of the state's capacity to raise revenue and support private markets? How do risks of violent conflict affect the incentives to invest...

Persistent link: https://www.econbiz.de/10013148232

The De Soto Effect

Besley, Timothy J. - 2010

This paper explores the consequences of creating and improving property rights so that fixed assets can be used as collateral. This has become a cause célèbre of Hernando de Soto whose views are influential in debates about policy reform concerning property rights. Hence, we refer to the...

Persistent link: https://www.econbiz.de/10013148234

The Density Form of Equilibrium Prices in Continuous Time and Boiteuxs Solution to the Shifting-Peak Problem - (Now Published as Boiteuxs Solution to the Shifting-Peak Problem and...

Horsley, Anthony - 2009

Bewley's condition on production sets, imposed to ensure the existence of an equilibrium price density when L? is the commodity space, is weakened to allow applications to continuous-time problems, and especially to peak-load pricing when the users' utility and production function are Mackey...

Persistent link: https://www.econbiz.de/10012766339

Law Enforcement Under Incomplete Law : Theory and Evidence from Financial Market Regulation

Pistor, Katharina - 2008

This paper studies the design of law-making and law enforcement institutions based on the premise that law is inherently incomplete. Under incomplete law, law enforcement by courts may suffer from deterrence failure, defined as the social-welfare loss that results from the regime's inability to...

Persistent link: https://www.econbiz.de/10012771114

Implementation and Renegotiation

Maskin, Eric - 2008

Persistent link: https://www.econbiz.de/10012771115

Costly Bargaining and Renegotiation

Anderlini, Luca - 2008

We identify the inefficiencies that arise when negotiation between two parties takes place in the presence of transaction costs. First, for some values of these costs it is efficient to reach an agreement but the unique equilibrium outcome is one in which agreement is never reached. Secondly,...

Persistent link: https://www.econbiz.de/10012771116

Imperfect Capital Markets and Persistence of Initial Wealth Inequalities

Piketty, Thomas - 2008

We consider an infinite-horizon inter-generational economy with identical agents differing only in their inherited wealth and with a constant-returns-to-scale technology using capital and labour (called quot;effortquot;) and displaying a purely idiosyncratic risk. If effort is contractible, full...

Persistent link: https://www.econbiz.de/10012771117