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Grossman, Herschel I. - 2002

A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving … possible to design such a self-enforcing constitution. The paper is also concerned with discovering generic features of a self …-enforcing constitution. The analysis yields the following theoretical propositions: If and only if (1) none of the parties to a dispute …

Persistent link: https://www.econbiz.de/10012469982

New Area- and Population-based Geographic Crosswalks for U.S. Counties and Congressional Districts, 1790–2020

Ferrara, Andreas; Testa, Patrick A.; Zhou, Liyang - National Bureau of Economic Research - 2024

In applied historical research, geographic units often differ in level of aggregation across datasets. One solution is to use crosswalks that associate factors located within one geographic unit to another, based on their relative areas. We develop an alternative approach based on relative...

Persistent link: https://www.econbiz.de/10014512060

The U.S. Constitution and Monetary Powers : An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation's Monetary System Emerged

Grubb, Farley - 2005

The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the …

Persistent link: https://www.econbiz.de/10012466888

Constitutions, Corporations, and Corruption : American States and Constitutional Change

Wallis, John Joseph - 2004

During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...

Persistent link: https://www.econbiz.de/10012468242

Consequences of Constitutions

Persson, Torsten - 2003

electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is …

Persistent link: https://www.econbiz.de/10012468524

The Guarantees of Freedom

Porta, Rafael La - 2002

Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from political interference in the administration of justice, from those of American freedom, which allow judges to restrain law-making powers of the sovereign through constitutional...

Persistent link: https://www.econbiz.de/10012469956

Constitutions and Order : A Theory and Evidence from Colombia and the United States

Fergusson, Leopoldo; Mejia, Javier; Robinson, James A.; … - National Bureau of Economic Research - 2023

We propose a framework to explain why some societies may end up with different constitutional solutions to the problem of maintaining order in the face of self-interested behavior. Though the salient intellectual tradition since Hobbes has focused on how institutional design is used to eradicate...

Persistent link: https://www.econbiz.de/10014322888

Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"

Acemoglu, Daron - 2005

In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...

Persistent link: https://www.econbiz.de/10012467450

The Rybczynski Theorem, Factor-Price Equalization, and Immigration : Evidence from U.S. States

Hanson, Gordon H. - 1999

Recent literature on the labor-market effects of U.S. immigration tends to find little correlation between regional immigrant inflows and changes in relative regional wages. In this paper we examine whether immigration, or endowment shocks more generally, altered U.S. regional output mixes as...

Persistent link: https://www.econbiz.de/10012471722

Who Can Tell Which Banks Will Fail?

Blickle, Kristian; Brunnermeier, Markus Konrad; Luck, … - National Bureau of Economic Research - 2022

We use the German Crisis of 1931, a key event of the Great Depression, to study how depositors behave during a bank run in the absence of deposit insurance. We find that deposits decline by around 20% during the run and that there is an equal outflow of retail and non-financial wholesale...

Persistent link: https://www.econbiz.de/10012938722