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Coalition Formation in Political Games
Acemoglu, Daron - 2006
political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of …-transferable utility cooperative game. In all cases, the nature of the ruling coalition is determined by the power constraint, which …
Persistent link: https://www.econbiz.de/10012465911
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James A. - 2014
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10012457900
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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
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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
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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
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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
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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
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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
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Political Dynasties
Dal Bó, Ernesto - 2007
persistent effects through posterior dynastic attainment. In politics, power begets power … politics versus other occupations, and analyze the connection between political dynasties and political competition. We also … is causal: a longer period in power increases the chance that a person may start (or continue) a political dynasty …
Persistent link: https://www.econbiz.de/10012465532
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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