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On the Design of Hierarchies : Coordination Versus Specialization

Hart, Oliver - 1999

We develop a model of hierarchies based on the allocation of authority. A firm's owners have ultimate authority over a firm's decisions, but they have limited time or capacity to exercise this authority. Hence owners must delegate authority to subordinates. However, these subordinates also have...

Persistent link: https://www.econbiz.de/10012471397

Is the American Soft Power a Casualty of the Trade War?

Fan, Haichao; Hu, Yichuan; Tang, Lixin; Wei, Shang-Jin - National Bureau of Economic Research - 2022

The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on … the US soft power--is affected by the trade war, utilizing variations across Chinese cities in the exposure to the Trump …

Persistent link: https://www.econbiz.de/10013191093

A Theory of Power Structure and Institutional Compatibility : China vs. Europe Revisited

Jia, Ruixue; Roland, Gérard; Xie, Yang - National Bureau of Economic Research - 2021

differences in the power structure of society: (1) the Ruler enjoyed weaker absolute power in Europe; (2) the People were more on … par with the Elites in China in terms of power and rights. Based on these narratives, we build a game-theoretical model … and analyze how the power structure can shape the stability of an autocratic rule. If we read greater absolute power of …

Persistent link: https://www.econbiz.de/10012482621

Do Powerful Politicians Cause Corporate Downsizing?

Cohen, Lauren - 2010

This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that...

Persistent link: https://www.econbiz.de/10012462813

State Capacity, Conflict and Development

Besley, Timothy J. - 2009

We report on an on-going project, which asks a number of questions relevant to the study of state capacity. What are the main economic and political determinants of the state's capacity to raise revenue and support private markets? How do risks of violent conflict affect the incentives to invest...

Persistent link: https://www.econbiz.de/10012463562

To Segregate or to Integrate : Education Politics and Democracy

de la Croix, David - 2007

political power can lead to multiple equilibria in the determination of public education spending. The main predictions of the …

Persistent link: https://www.econbiz.de/10012465331

Political Dynasties

Dal Bó, Ernesto - 2007

is causal: a longer period in power increases the chance that a person may start (or continue) a political dynasty …. Therefore, dynastic political power is self-perpetuating in that a positive exogenous shock to a person's political power has … persistent effects through posterior dynastic attainment. In politics, power begets power …

Persistent link: https://www.econbiz.de/10012465532

The Injustice of Inequality

Glaeser, Edward L. - 2002

In many countries, the operation of legal, political and regulatory institutions is subverted by the wealthy and the politically powerful for their own benefit. This subversion takes the form of corruption, intimidation, and other forms of influence. We present a model of such institutional...

Persistent link: https://www.econbiz.de/10012469509

Power in a Theory of the Firm

Rajan, Raghuram G. - 1997

investments power. Past literature emphasizes the allocation of ownership as the" primary mechanism by which the firm does this … access to critical resources. " Access can be better than ownership because: i) the power agents get from access is more …

Persistent link: https://www.econbiz.de/10012472538

Like Me, Buy Me : The Effect of Soft Power on Exports

Rose, Andrew K. - 2015

. Succinctly, countries receive a commercial return on their soft power …

Persistent link: https://www.econbiz.de/10012457132