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State fragility, rent seeking and lobbying: evidence from African data

Kodila-Tedika, Oasis; Simplice, Asongu - In: International Journal of Social Economics 43 (2016) 10, pp. 1016-1030

building is integrated and the hypothesis of state fragility being a function of rent seeking and/or lobbying by de facto power … holders is tested. Findings The resulting interesting finding is that political interference, rent seeking and lobbying … are two main policy implications. First, political interference, rent seeking and lobbying are likely to increase the …

Persistent link: https://www.econbiz.de/10014807857

Does It Pay To Pray? Costly Ritual and Cooperation

Ruffle, Bradley J.; Sosis, Richard - In: The B.E. Journal of Economic Analysis & Policy 7 (2007) 1

Abstract Time-consuming and costly religious rituals pose a puzzle for economists committed to rational choice theories of human behavior. We propose that either through selection or a causal relationship, the performance of religious rituals is associated with higher levels of cooperation. To...

Persistent link: https://www.econbiz.de/10014587616

Matching as a Stochastic Process

Bolle, Friedel; Otto, Philipp E. - In: Jahrbücher für Nationalökonomie und Statistik 236 (2016) 3, pp. 323-348

Abstract Results of multi-party bargaining are usually described by concepts from cooperative game theory, in particular by the core. In one-on-one matching, core allocations are stable in the sense that no pair of unmatched or otherwise matched players can improve their incomes by forming a...

Persistent link: https://www.econbiz.de/10014609913

Behavioral finance: insights from experiments I: theory and financial markets

Duxbury, Darren - In: Review of Behavioral Finance 7 (2015) 1, pp. 78-96

Purpose – The purpose of this paper, and a companion paper (Duxbury, 2015), is to review the insights provided by experimental studies examining financial decisions and market behavior. Design/methodology/approach – Focus is directed on those studies examining explicitly, or with direct...

Persistent link: https://www.econbiz.de/10014990074

Behavioral finance: insights from experiments II: biases, moods and emotions

Duxbury, Darren - In: Review of Behavioral Finance 7 (2015) 2, pp. 151-175

Purpose – The purpose of this second of two companion papers is to further review the insights provided by experimental studies examining financial decisions and market behavior. Design/methodology/approach – Focus is directed on those studies examining explicitly, or with direct...

Persistent link: https://www.econbiz.de/10014990214

Co-Investments and Tacit Collusion in Regulated Network Industries: Experimental Evidence

Krämer, Jan; Vogelsang, Ingo - In: Review of Network Economics 15 (2017) 1, pp. 35-61

Abstract Several regulatory authorities have recently allowed competing network operators to co-invest in network infrastructure. With the use of a laboratory experiment, we investigate the impact of co-investments on competition in regulated network industries, particularly in comparison to...

Persistent link: https://www.econbiz.de/10014618878

The salience of informed risk: an experimental analysis

Santorsola, Marco; Caferra, Rocco; Morone, Andrea - In: Journal of Economic Studies 51 (2023) 9, pp. 21-35

Purpose Expanding on the real-world financial market framework and considering the current market turmoil, with cryptocurrencies (where contracts for difference (CFDs) are extremely common) (Hasso et al ., 2019) displaying unprecedented volatility, the authors aim to test in an online...

Persistent link: https://www.econbiz.de/10015350128

Endogenous Corruption in a Federation

Plekhanov, Alexander - In: The B.E. Journal of Economic Analysis & Policy 7 (2007) 1

Abstract The paper shows that corruption at the federal level may be contagious for regional governments suggesting that federal structure of the government may be one of the reasons for persistence of corruption. The analysis reveals that well-informed voters may rationally forego their chance...

Persistent link: https://www.econbiz.de/10014587610

Lessons for Emerging European Constitutionalism from the United States Constitution: Trigger Rules

McGinnis, John O. - In: Journal des �conomistes et des �tudes Humaines 11 (2001) 1

This essay offers some lessons from the history of the United States Constitution for constitutions for emerging democracies in Eastern Europe. The United States Constitution declined in efficacy over time because special interests eroded its restraints on rent-seeking. This essay seeks to...

Persistent link: https://www.econbiz.de/10014612379

Was Transition about Free-Market Economics?

Colombatto, Enrico - In: Journal des �conomistes et des �tudes Humaines 11 (2001) 1

Transition has not always been a success story. In some cases failure was due to the introduction of topdown legislature, which was not always compatible with the existing informal rules of the game. In other cases transition was just a euphemism for a fight for power with little substantial...

Persistent link: https://www.econbiz.de/10014612381