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In this paper, we propose a political-economy model of China that explains both the rapid economic growth and frequent rate of accidents that have occurred in China. The central government delegates authority to the local government to regulate the production activities of the firm. Under...
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We present a Stackelberg model of conflict, in which contestants have limited endowments to be put in two separate sectors, thus incorporating salient features of many conflicts. The model is applied to the case of conflict over natural resources. Consistent with amounting empirical evidence...
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We generalize the result of Alesina and Rodrik (1994) by showing that their static solution is also a time consistent Stackelberg solution of a differential game between the government and the median voter
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moral codes, this article explores a theory of ethics, known as the “Hunt-Vitell” theory of ethics, that illuminates the … concept of personal moral codes and uses the theory to discuss which types of personal moral codes foster trust and distrust … in society. This article then uses resource-advantage (R-A) theory, one of the most completely articulated dynamic …
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a high level of competition. What a country produces and how much it competes domestically and internationally are …
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