have low quality institutions, while the curse is reversed if institutions are good enough. Using new data we find that …

distributional conflict, even if all it does is add another level of conflict. In case managers have to be provided with incentives …

agents who are uncertain about each other's fighting potential. We model the default option of outright conflict as a … probabilistic contest. Examples of such contests may be international conflict, litigation, and elections. We show, in particular …, that if the loss of surplus from outright conflict is small enough, then any mechanism must assign a positive probability …

A long tradition in economics explores the association between the quality of formal institutions and economic … performance. The literature on the relationship between such institutions and happiness is, however, rather limited. In this paper …, we revisit the findings from recent cross-country studies on the institutions-happiness association. Our findings suggest …

arrangements, among both academicians and policy makers. Extending the definition of institutions to include formal and informal …