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Political scientists and economists increasingly agree that institutions may influence economic growth, but there is little general agreement on what institutions tend to produce what consequences. We apply public choice insights for a theoretical analysis that may be termed “Madisonian”:...
Persistent link: https://www.econbiz.de/10009421987
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of extremism decreases with wealth, power, and degree of democracy, but increases with the stakes in the conflict and …
Persistent link: https://www.econbiz.de/10010556680
, and payoff and information structures. We discuss implications for the efficiency of democracy, voting, lobbying …
Persistent link: https://www.econbiz.de/10010604871
, and payoff and information structures. We discuss implications for the efficiency of democracy, voting, lobbying …
Persistent link: https://www.econbiz.de/10005051078
Persistent link: https://www.econbiz.de/10010706558
We consider implementation of a deterministic allocation rule using transfers in quasi-linear private values …
Persistent link: https://www.econbiz.de/10010930783
implementation of the organization's objectives. We show that the introduction of a professional monitor (e.g. auditor, regulator …
Persistent link: https://www.econbiz.de/10005370566
We consider full implementation in complete-information environments when agents have an arbitrarily small preference …
Persistent link: https://www.econbiz.de/10010738055
We consider implementation of a deterministic allocation rule using transfers in quasi-linear private values … and sufficient for implementation and every locally incentive compatible mechanism is incentive compatible. …
Persistent link: https://www.econbiz.de/10010706362