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The Emergence of Weak, Despotic and Inclusive States
Acemoglu, Daron - 2017
) and civil society (representing non-elite citizens), where both players can invest to increase their power. The model …
Persistent link: https://www.econbiz.de/10012950052
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James Alan - 2014
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764
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The Injustice of Inequality
Glaeser, Edward L.; Scheinkman, José Alexandre; … - 2021
In many countries, the operation of legal, political and regulatory institutions is subverted by the wealthy and the politically powerful for their own benefit. This subversion takes the form of corruption, intimidation, and other forms of influence. We present a model of such institutional...
Persistent link: https://www.econbiz.de/10013220922
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New Tools for the Analysis of Political Power in Africa
Rainer, Ilia - 2012
The study of autocracies and weakly institutionalized countries is plagued by scarcity of information about the relative strength of different players within the political system. This paper presents novel data on the composition of government coalitions in a sample of fifteen post-colonial...
Persistent link: https://www.econbiz.de/10013100130
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How is Power Shared in Africa?
Francois, Patrick - 2012
This paper presents new evidence on the power sharing layout of national political elites in a panel of African … monolithically controlling power, we show that African ruling coalitions are large and that political power is allocated …
Persistent link: https://www.econbiz.de/10013100131
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Do Powerful Politicians Cause Corporate Downsizing?
Cohen, Lauren - 2010
This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that...
Persistent link: https://www.econbiz.de/10013146270
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Power Fluctuations and Political Economy
Acemoglu, Daron - 2010
political power decides the allocation of resources. We show that Pareto efficient allocations take a quasi-Markovian structure … and can be represented recursively as a function of the identity of the group in power and updated Pareto weights. For … disappear and labor supply and consumption levels fluctuate over time. The labor supply of groups that are not in power are …
Persistent link: https://www.econbiz.de/10013150732
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State Capacity, Conflict and Development
Besley, Timothy - 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/10013152438
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Predictability and Power in Legislative Bargaining
Ali, Syed Nageeb - 2014
This paper examines the relationship between the concentration of political power in legislative bargaining and the … limit the concentration of power …
Persistent link: https://www.econbiz.de/10013056192
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Power in a Theory of the Firm
Rajan, Raghuram Govind; Zingales, Luigi - 2021
investments power. Past literature emphasizes the allocation of ownership as the" primary mechanism by which the firm does this … access to critical resources. " Access can be better than ownership because: i) the power agents get from access is more …
Persistent link: https://www.econbiz.de/10013246058