expropriation. In a dynamic setting, market payoffs may induce sufficient inequality in next period's endowments for markets to … alternate with expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. Long run …Economic institutions determine prospects for growth and development. This paper examines necessary conditions for an …

efficiency and amplifying macroeconomic fluctuations, depends on social mobility, initial inequality, and the mismatch between …Economic institutions determine prospects for growth and development. In this paper a condition on the primitives … to coalitional expropriation. More equally distributed power and higher congruence of land and power favor stable markets …

expropriation. In a dynamic setting, market payoffs may induce sufficient inequality in next period's endowments for markets to … alternate with expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. Long run …Economic institutions determine prospects for growth and development. This paper examines necessary conditions for an …

Institutions determine prospects for economic growth and development. This paper collapses potentially complex … assigned to the skilled or to the powerful, i.e.\ by coalitional expropriation or by markets. The model finds two different … types of limit behavior: a sequence of stable markets and a limit cycle where markets and expropriation alternate. More …

expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. …Institutions affect prospects for economic growth and development. In this paper a condition on the primitives … respect to coalitional expropriation. More equally distributed power and higher congruence of land and power favor stable …

We study the labor market outcomes of males aged 18-60 obtaining an urban hukou as a result of land expropriation …-à-vis native urbanites. We also find that children of families experiencing a hukou change due to expropriation have similar … economic determinant of labor market outcomes and as a source of inequality. Differences in educational investment, regardless …