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widely examined. However, the interplay between the involved firms in a collusive agreement, i.e., the governance dimension … paper empirically reveals that polycentric structures within the cartel governance may contribute to longer duration and … aspects: The entangled governance structures of collusive undertakings as well as the relevance of polycentricity in the firm …
Persistent link: https://www.econbiz.de/10014481223
partly affects cooperation. While there is no positive democracy effect when the institution is implemented, the vote …
Persistent link: https://www.econbiz.de/10011587713
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...
Persistent link: https://www.econbiz.de/10010267482
Threats of mass revolts could effectively constrain a dictator's public policy if it were not for the collective-action problem. Mass revolts nevertheless happen, but they follow a stochastic pattern. We describe this pattern in a threshold model of collective action and integrate it into an...
Persistent link: https://www.econbiz.de/10011336491
We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight...
Persistent link: https://www.econbiz.de/10010199716
We assess Gordon Tullock's work on dictatorship and revolutions using a common analytic framework that captures the dynamics of mutually reinforcing perceptions within a potentially rebelling subgroup of a population. We can reconstruct all of Tullock's central findings but we also find him...
Persistent link: https://www.econbiz.de/10010487522
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...
Persistent link: https://www.econbiz.de/10003260821
Do environmental initiatives like carbon accounting provide a viable alternative to monetary calculation based on profit and loss? Economic insights about calculation and imputation suggest that they do not provide a reliable, rational guide to action. Non-monetary calculation of the...
Persistent link: https://www.econbiz.de/10013160500
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...
Persistent link: https://www.econbiz.de/10012784207
A theory is introduced to systematically explain autocracies' diverse experiences with taxation. State power relative to citizens' capacity for violence determines the limit of taxation, the highest tax rate that citizens will tolerate and pay. Rulers can spend resources on coercion to increase...
Persistent link: https://www.econbiz.de/10013008128