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Economic efficiency and the quest for a more just world

Tarko, Vlad - 2022

This paper revisits the debates about the meaning of economic efficiency, and the moral dilemmas associated with using … Kaldor-Hicks efficiency or Pareto efficiency for policy analysis. I lay out the best case for efficiency as meta-value, and … argue that Pareto efficiency is a poor normative criterion, while, nonetheless, offering a valuable tool for positive …

Persistent link: https://www.econbiz.de/10014077660

Microfoundations of Terrorism : Exit, Sincere Voice, and Self-Subversion in Terrorist Networks

Koker, Tolga - 2008

Group pressure is a powerful tool at terrorist groups' disposal to uphold its network. The paper presents a behavioral model that explains how the radical leadership sustains group unity by pressuring likely dissidents into conformity. It explains that dissenters face three options. The first is...

Persistent link: https://www.econbiz.de/10012722854

Who is Running the IMF : Critical Shareholders or the Staff?

Fratianni, Michele U. - 2014

The paper deals with the principal-agent relationship at the International Monetary Fund (IMF). We argue that residual control rights at the IMF are vested with the critical shareholders, the countries included in the G-7. This group controls vast financial resources and enjoys the highest...

Persistent link: https://www.econbiz.de/10012709545

Civil Society Meets the State : Towards Associational Democracy?

Baccaro, Lucio - 2013

This article discusses the 'associational democratic' model of relationship between state and civil society organizations, which recommends devolution of as many regulatory functions as possible to local groups and associations with detailed knowledge of problems and possible solutions,...

Persistent link: https://www.econbiz.de/10012711649

Water or Gasoline? Civil Society in Contentious Scenarios

Petrova, Marina G. - 2020

Even though most countries experience non-violent protest, there is considerable variation in terms of its trajectories. In certain cases, non-violent resistance propagates into an increased number of protests, while in other cases it results into civil war. This paper seeks to explain this...

Persistent link: https://www.econbiz.de/10012846271

Reducing Social Welfare by Making Financial Markets More Complete : Implications for the 2008 Crisis

Stout, Lynn A. - 2020

In the two decades leading up to the 2008 financial crisis, numerous significant changes in federal law greatly reduced transactions costs in financial markets and made possible new types of trading in new types of financial instruments. The driving policy assumption behind these and similar...

Persistent link: https://www.econbiz.de/10012846719

Introduction, Democracy and Political Ignorance : Why Smaller Government is Smarter, 2nd edition

Somin, Ilya - 2020

One of the biggest problems with modern democracy is that most of the public is usually ignorant about politics and government. Many people understand that their votes are unlikely to change the outcome of an election and don't see the point in learning much about politics. This creates a nation...

Persistent link: https://www.econbiz.de/10012850464

Social Trust Distance in Mergers and Acquisitions

Lin, Tse-Chun - 2019

This paper studies the role of regional cultural differences in M\&A transactions in the U.S. We construct a county-level measure of cultural trust based on the World Values Survey data and find that a larger social trust distance between two companies reduces the likelihood of them combining...

Persistent link: https://www.econbiz.de/10012901142

Publication Patterns and Coauthorship in the Journal of Corporate Finance

Andrikopoulos, Andreas - 2018

In this article, we explore publication patterns in the Journal of Corporate Finance and discuss scientometric results from 1994 to 2017. We document evidence on the number and size of published papers, collaborative research in terms of coauthorship, editorial board characteristics, and...

Persistent link: https://www.econbiz.de/10012913520

Globalization and Political Structure

Gancia, Gino Alessandro - 2017

The first wave of globalization (1830-1914) witnessed a decline in the number of countries from 125 to 54. Political consolidation was often achieved through war and conquest. The second wave of globalization (1950-present) has led instead to an increase in the number of countries to a record...

Persistent link: https://www.econbiz.de/10012940953