Showing 1 - 10 of 155
Motivated by a novel stylized fact - countries with isolated capital cities display worse quality of governance - we … democracies, the threat of insurgencies is not a binding constraint, and the model predicts no correlation between isolated … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence …
Persistent link: https://www.econbiz.de/10010951385
of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions …
Persistent link: https://www.econbiz.de/10010950707
Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of...
Persistent link: https://www.econbiz.de/10005830552
We examine six molecules facing initial loss of US exclusivity (LOE, from patent expiration or challenges) between June 2009 and May 2013 that were among the 50 most prescribed molecules in May 2013. We examine prices per day of therapy (from the perspective of average revenue received by retail...
Persistent link: https://www.econbiz.de/10010969367
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...
Persistent link: https://www.econbiz.de/10010885305
We examine how the articulation of government policy affects behavior. Our experiment compares a government mandate to purchase health insurance to a financially equivalent tax on the uninsured. Participants report their probability of purchasing health insurance under one of the two...
Persistent link: https://www.econbiz.de/10010950663
World democracies widely differ in electoral rules, as well as in legislative, executive or legal institutions …
Persistent link: https://www.econbiz.de/10010950738
We examine the role of repetition in government regulation. Using Florida restaurant inspection data from 2003 to 2010, we find that inspectors new to the inspected restaurant report 12.7-17.5% more violations than the second visit of a repeat inspector. This effect is even more pronounced if...
Persistent link: https://www.econbiz.de/10010950881
Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...
Persistent link: https://www.econbiz.de/10010951021
Over 10,000 people in the U.S. die each year while waiting for an organ. Attempts to increase organ transplantation have focused on changing the registration question from an opt-in frame to an active choice frame. We analyze this change in California and show it decreased registration rates....
Persistent link: https://www.econbiz.de/10010951166