The influence of government revenue, primarily taxation, on institutional quality has increasingly been identified as a key issue for state building. This study juxtaposes the hypothesis, as presented by Acemoglu, Johnson and Robinson (2001), that colonies where European settlers focused...

Electronic markets have grown rapidly in recent years. One of the largest markets on the Internet is the online auction platform eBay that is active in more than 40 countries and has more than 80 million active users. In order to reduce the problems caused by information asymmetries and...