Acemoglu, Daron; Ticchi, Davide; Vindigni, Andrea - Collegio Carlo Alberto, Università degli Studi di Torino - 2006
Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding economic development. Why certain societies choose or end up with such inefficient organizations has received very little attention, however. In this paper, we present a simple theory...