Narrow search
Showing 1 - 10 of 76
Cover Image
State Versus Private Ownership
Shleifer, Andrei - 2021
costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …
Persistent link: https://www.econbiz.de/10013239155
Cover Image
Religious Competition and Reallocation : The Political Economy of Secularization in the Protestant Reformation
Cantoni, Davide - 2017
Using novel microdata, we document an unintended, first-order consequence of the Protestant Reformation: a massive reallocation of resources from religious to secular purposes. To understand this process, we propose a conceptual framework in which the introduction of religious competition shifts...
Persistent link: https://www.econbiz.de/10012945605
Cover Image
Hold-Up, Asset Ownership, and Reference Points
Hart, Oliver - 2010
We study two parties who desire a smooth trading relationship under conditions of value and cost uncertainty. A rigid contract fixing price works well in normal times since there is nothing to argue about. However, when value or cost is exceptional, one party will hold up the other , damaging...
Persistent link: https://www.econbiz.de/10012759758
Cover Image
Property Rights to Frontier Land and Minerals : Us Exceptionalism
Libecap, Gary D. - 2018
Property rights are the most fundamental institution in any society. They determine who has decision-making authority … historians have long recognized the importance of secure property rights for economic outcomes. Other political economy …, philosophy, historical, and legal literatures emphasize different, but critical attributes based on how property rights are …
Persistent link: https://www.econbiz.de/10012920373
Cover Image
On the Ends of the State : Stationary Bandits and the Time Horizon in Eastern Congo
Henn, Soeren; Mugaruka, Christian; Ortiz, Miguel; … - 2022
armed actors' property rights over stealing from that economy are secure. By 2009, armed actors taxed, administered, and … violently expropriating the same villages. The findings suggest that the security of property rights over stealing, hence the …
Persistent link: https://www.econbiz.de/10014264760
Cover Image
The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron - 2014
, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …
Persistent link: https://www.econbiz.de/10013039764
Cover Image
Capital and Wealth in the 21st Century
Weil, David N. - 2015
In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300...
Persistent link: https://www.econbiz.de/10013029017
Cover Image
Managing Self-Confidence : Theory and Experimental Evidence
Mobius, Markus M. - 2011
Evidence from social psychology suggests that agents process information about their own ability in a biased manner. This evidence has motivated exciting research in behavioral economics, but has also garnered critics who point out that it is potentially consistent with standard Bayesian...
Persistent link: https://www.econbiz.de/10013125581
Cover Image
Lock-Downs, Loneliness and Life Satisfaction
Hamermesh, Daniel - 2020
Using the 2012-13 American Time Use Survey, I find that both who people spend time with and how they spend it affect their happiness, adjusted for numerous demographic and economic variables. Satisfaction among married individuals increases most with additional time spent with spouse. Among...
Persistent link: https://www.econbiz.de/10012836424
Cover Image
Social Identity and Preferences
Benjamin, Daniel J. - 2009
Social identities prescribe behaviors for people. We identify the marginal behavioral effect of these norms on discount rates and risk aversion by measuring how laboratory subjects' choices change when an aspect of social identity is made salient. When we make ethnic identity salient to...
Persistent link: https://www.econbiz.de/10012767030