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substantial reversal to state intervention if nowadays the world was hit by a shock of the size of the Great Depression …
Persistent link: https://www.econbiz.de/10012464054
institutional factors. We use the World Values Surveys to identify the relationship between intensity of religious beliefs and …
Persistent link: https://www.econbiz.de/10012469472
Generating government revenue is a common objective in privatization. This paper asks: what determines privatization … actions prior to privatization. The data, gathered from primary sources, encompass 361 privatized Mexican companies in 49 four …-digit industry codes. The determinants of auction privatization prices are divided into three groups: (1) company performance and …
Persistent link: https://www.econbiz.de/10012473365
Social welfare spending on health, welfare, and insurance against adverse outcomes expanded a great deal in all of the developed countries during the 20th century. The institutional structure of the spending varies with respect to the extent that governments or market institutions provide the...
Persistent link: https://www.econbiz.de/10013210094
trade and finance transactions with the rest of the world, governed by voter-majority-controlled welfare state. We analyze …
Persistent link: https://www.econbiz.de/10012480145
Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns the mitigation of this internal contradiction in capitalism. Firms need charters, regulations and laws to restrain those entrusted with their governance, just as economies need...
Persistent link: https://www.econbiz.de/10012462167
This essay examines how repugnance sometimes constrains what transactions and markets we see. When my colleagues and I have helped design markets and allocation procedures, we have often found that distaste for certain kinds of transactions is a real constraint, every bit as real as the...
Persistent link: https://www.econbiz.de/10012465958
of the world. We characterize the transfers that are necessary to restore efficiency and compare them to the transfers …
Persistent link: https://www.econbiz.de/10012471858
taxation of one form or another. The consequences of privatization are analyzed and the benefits of an early development of an …
Persistent link: https://www.econbiz.de/10012475308
Random samples of the Moscow' and New York populations were compared in their attitudes towards free markets by administering identical telephone interviews in the two countries in May, 1990. Although the Soviet respondents were somewhat less likely to accept exchange of money as a solution to...
Persistent link: https://www.econbiz.de/10012475577