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Public Choice and the Economic Analysis of Anarchy : A Survey
Powell, Benjamin; Stringham, Edward Peter - 2009
Public choice economists began studying the economics of anarchy in the 1970s. Since then, the amount of research on … anarchy has burgeoned. This article surveys the important public choice contributions to the economics of anarchy. Following … their historical studies of attempts to internalize externalities under anarchy, public choice scholars are arriving at a …
Persistent link: https://www.econbiz.de/10014211569
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Institutionalized Corruption and the Kleptocratic State
Charap, Joshua - 2006
may arise as a predatory hierarchy from a state of pure anarchy. A dictator minimizes the probability of a palace … associated with anarchy and weak dictators, while strong dictators implement a system of monopolistic corruption. Efforts at …
Persistent link: https://www.econbiz.de/10012782606
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Anarchy, efficiency, and redistribution
Bös, Dieter; Kolmar, Martin - 2000
The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules … in trade. The second purpose of the paper is to develop a theory of institutions that implement optimal allocations. We …
Persistent link: https://www.econbiz.de/10011539751
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Decisiveness and the viability of anarchy
Grossman, Herschel I. (contributor);  … - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001508021
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Aggressiveness and Redistribution
Bös, Dieter; Kolmar, Martin - 2003
situation of partial anarchy in some market redistributive policies in other markets may help to reduce the inefficiency in the …
Persistent link: https://www.econbiz.de/10010263060
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Anarchy, Efficiency, and Redistribution
Bös, Dieter; Kolmar, Martin - 2021
The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules … in trade. The second purpose of the paper is to develop a theory of institutions that implement optimal allocations. We …
Persistent link: https://www.econbiz.de/10013321133
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Utility Maximizing Behavior in Organized Anarchies
Thompson, Fred - 2008
Public choice theorists generally assume that bureaucrats seek to maximize their own utility functions, subject to externally imposed constraints. Changes in constraint values may, therefore, be expected to result in predictable changes in the behavior of most organizations, not just businesses....
Persistent link: https://www.econbiz.de/10014218688
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Bread and bullets
Akerlof, George A.; Snower, Dennis J. - 2016
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10011413959
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Bread and bullets
Akerlof, George A.; Snower, Dennis J. - 2016
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10011452045
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What makes a revolution?
MacCulloch, Robert - 1999 - Draft
A fundamental requirement of market economies is the security of ownership claims to property. Yet history is littered with cases of challenges to these claims. A large literature has found contradictory evidence for the effect of income and income inequality on revolt, possibly due to omitted...
Persistent link: https://www.econbiz.de/10010519062