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Clans, Guilds, and Markets : Apprenticeship Institutions and Growth in the Pre-Industrial Economy

de la Croix, David - 2016

In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions … learn as apprentices from the old. Institutions such as the family, the clan, the guild, and the market organize who learns … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans …

Persistent link: https://www.econbiz.de/10012456543

Labor Supply Shocks and Capital Accumulation : The Short and Long Run Effects of the Refugee Crisis in Europe

Caliendo, Lorenzo; Opromolla, Luca David; Parro, Fernando; … - National Bureau of Economic Research - 2023

, and endogenous capital accumulation. We find that real GDP increases in Europe in the long term, with large distributional …

Persistent link: https://www.econbiz.de/10013537773

Fighting Communism Supporting Collusion

Galiani, Sebastián; Paz y Miño, José Manuel; … - National Bureau of Economic Research - 2022

We develop a simple model to explain why a powerful importer country like the United States may provide political support for international collusive agreements concerning certain commodities (e.g., coffee). This behavior raises questions due to the fact that an importer country should have...

Persistent link: https://www.econbiz.de/10013334385

Dynamics of Information Exchange in Endogenous Social Networks

Acemoglu, Daron - 2010

We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An underlying state determines payoffs from different actions. Agents decide which others to form a costly communication link with incurring the...

Persistent link: https://www.econbiz.de/10012462246

Hobbesian Wars and Separation of Powers

Li, Weijia; Roland, Gérard; Xie, Yang - National Bureau of Economic Research - 2023

This paper formalizes the principle that persecution power of government may generate violent contests over it. We show that this principle yields a large set of theoretical insights on different separation-of-powers institutions that can help to preempt such contests under different...

Persistent link: https://www.econbiz.de/10014226142

The Value of De Minimis Imports

Fajgelbaum, Pablo D.; Khandelwal, Amit - National Bureau of Economic Research - 2024

Section 321 of the 1930 Tariff Act allows up to $800 in imports per person per day to enter the US duty-free and with minimal customs requirements. Fueled by rising direct-to-consumer trade, these "de minimis" shipments have exploded yet are not recorded in Census trade data. Who benefits from...

Persistent link: https://www.econbiz.de/10014576636

Cutting Out the Middleman : The Structure of Chains of Intermediation

Grant, Matthew; Startz, Meredith L. - National Bureau of Economic Research - 2022

Distribution of goods often involves multiple intermediaries engaged in sequential buying and reselling. Why do these chains of intermediation exist, and what are their implications for consumers? We show that multi-intermediary chains arise in response to internal economies of scale in trade...

Persistent link: https://www.econbiz.de/10013334328

Discrete Choice, Complete Markets, and Equilibrium

Mongey, Simon; Waugh, Michael E. - National Bureau of Economic Research - 2024

This paper characterizes the allocations that emerge in general equilibrium economies populated by households with preferences of the additive random utility type that make discrete consumption, employment or spatial decisions. We start with a complete markets economy where households can trade...

Persistent link: https://www.econbiz.de/10014486227

Insurer-Provider Networks in the Medical Care Market

Ho, Katherine - 2005

Managed care health insurers in the US restrict their enrollees' choice of hospitals to specific networks. This paper investigates the causes and welfare effects of the observed hospital networks. A simple profit maximization model explains roughly 63 per cent of the observed contracts between...

Persistent link: https://www.econbiz.de/10012466849

The Topography of Nations

Allen, Treb - National Bureau of Economic Research - 2023

simple algorithm for its calculation. When combined with detailed spatial geography data from Europe, the equilibrium …

Persistent link: https://www.econbiz.de/10014421232

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