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the background of pathogen evolution. We show that a multi-firm industry operating under an IPR-based incentive mechanism …
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This paper examines the direct private equity investment strategies across sovereign wealth funds and their relationship to the funds' organizational structures. SWFs seem to engage in a form of trend chasing, since they are more likely to invest at home when domestic equity prices are higher,...
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The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many … institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of … Institutions (PoI) view claims that economic development is a consequence of an exogenous selection of institutions. Our survey of …
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This paper evaluates the impacts of increasing female representation in Bolivian municipal councils on public policy choices and welfare outcomes. By combining detailed administrative panel data on municipal expenditures and revenues together with electoral data, an innovative regression...
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