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extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the … beliefs and ideologies of their peoples or leaders? Or are inefficiencies in politics and economics the outcome of social and … expense of the society at large. At the center of the theoretical case are the commitment problems inherent in politics …
Persistent link: https://www.econbiz.de/10012469326
Do societies choose inefficient policies and institutions? An extension of the Coase theorem to politics would suggest … politics; parties holding political power cannot make commitments to bind their future actions because there is no outside …
Persistent link: https://www.econbiz.de/10014071810
extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the … beliefs and ideologies of their peoples or leaders? Or are inefficiencies in politics and economics the outcome of social and … expense of the society at large. At the center of the theoretical case are the commitment problems inherent in politics …
Persistent link: https://www.econbiz.de/10014100919
extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the … beliefs and ideologies of their peoples or leaders? Or are inefficiencies in politics and economics the outcome of social and … expense of the society at large. At the center of the theoretical case are the commitment problems inherent in politics …
Persistent link: https://www.econbiz.de/10013216095
Persistent link: https://www.econbiz.de/10002061485
Persistent link: https://www.econbiz.de/10002382890
Persistent link: https://www.econbiz.de/10002160710
Persistent link: https://www.econbiz.de/10003301925
This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two 'quasi-natural experiments' in history, the division of...
Persistent link: https://www.econbiz.de/10012468212
This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two “quasi-natural experiments” in history, the...
Persistent link: https://www.econbiz.de/10014023781