In diesem Beitrag diskutieren wir den in der Literatur heftig umstrittenen Aspekt, ob Vertrauen (Institutionen) nur ein Komplement zu formellen Institutionen (Vertrauen) sein oder diese(s) möglicherweise sogar substituieren kann (können). Wir fassen Vertrauen als spezifische, kooperative...

The aim of this paper is threefold: we first discuss the appropriateness of the traditional trust-game-tree for the analysis of trust relationships. Following the definition put forward by Lee et al. (2005) that confident expectations and a willingness to be vulnerable are critical components of...

In this paper, we analyze the performance of the Swedish real estate sector by various profitability measures. We use an unbalanced panel of 781 non-listed companies from 1998 to 2000 with 3421 observations. There exists large regional and sectorial differences in performance but it is not due...

Natural disasters have been linked to both violent conflict and, in some settings, poor economic growth, but do they also drive government parties out of office? We study gov- ernment turnover in a global sample of more than 200 elections to the executive. Natural disasters are associated with...

Since its first appearance in the late 1800s, the origins of the Sicilian mafia have remained a largely unresolved mystery. Both institutional and historical explanations have been proposed in the literature through the years. In this paper, we develop an argument for a market structure...

This paper introduces quality of government rather than regime type as dependent variable in studies of the political effects of natural resources. It consists of two parts. First, it theorizes the role of fiscal dependency of oil and gas rents in relation to three different dimensions of...

In this study, a number of factors have been considered as potential determinants of institutional quality in Sub- Saharan African countries. The empirical analysis has shown that historical factors such as state legitimacy determine the quality of current institutions in the region. Foreign aid...

The use of institutional measures in empirical work is widespread, but the question of what these measures actually capture and how they are constructed is something that is not given enough attention. Institutions and their measures are therefore like a “black box of goodies”: Something...

This paper generalizes the two-period model of Watt (2000) who demonstrates the possibility of optimal accommodation of a pirate when the royalty rate applying to a creation is uniform and second-period Cournot competition applies. Admitting nonlinear contracts with period-specific royalty rates...

Boundary algebra [BA] is a <--,(-),()> algebra of type <2,1,0>, and a simplified notation for Spencer-Brown’s (1969) primary algebra. The syntax of the primary arithmetic [PA] consists of two atoms, () and the blank page, concatenation, and enclosure between ‘(‘ and ‘)’, denoting the primitive notion of...</2,1,0></--,(-),()>