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Restraining the genuine homo economicus : why the economy cannot be divorced from its governance
Skaperdas, Stergios - 2003
The Homo economicus of traditional economics is far from being completely self-interested, rational, or as individualistic as he is purported to be; he will haggle to death over price but will not take what he wants by force. Implicitly, he is assumed to behave ruthlessly within a welldefined...
Persistent link: https://www.econbiz.de/10011507656
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Democracy, state capacity and public finance
Easaw, Joshy Z.; Leppälä, Samuli - 2019
with different intensities of democracy. Specifically, we consider the implications of political (dis)parity between the … unified framework to study the direct and indirect effects of democracy by combining state capacity investment and …
Persistent link: https://www.econbiz.de/10012137754
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Voting up? : the effects of democracy and franchise extension on human stature
Batinti, Alberto; Costa-Font, Joan; Hatton, Timothy J. - 2019
new instrument for democracy and the extension of the franchise, the effect of decolonisation on democracy in the … colonising country's democratisation to identify the causal effect of democracy on heights. We find robust evidence of a link … between democratic quality and human stature. The results indicate that the transition to democracy increased average male …
Persistent link: https://www.econbiz.de/10012029108
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Democratic redistribution and rule of the majority
Corneo, Giacomo; Neher, Frank - 2014
quality of democracy. However, there is a non-negligible share of democracies that implement a minority-backed amount of …
Persistent link: https://www.econbiz.de/10010461269
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Legitimacy : Yugoslav lessons for Ukraine
Gligorov, Vladimir - 2016
Examples from the breakup of Yugoslavia and state-building in the successor states are used to highlight the political and constitutional choices facing Ukraine. The main lesson is that legitimacy is needed for constitution-building, which is needed for long-term state stability. Ethnic and...
Persistent link: https://www.econbiz.de/10012156345
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Social capital and political institutions : evidence that democracy fosters trust
Ljunge, Martin - 2013
This paper finds evidence that more democratic political institutions increase trust. Second generation immigrants with ancestries from 115 countries are studied within 30 European countries. Comparing individuals born and residing in the same country, those whose father was born in a more...
Persistent link: https://www.econbiz.de/10010206754
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God does not play dice, but people should : random selection in politics, science and society
Frey, Bruno S.; Steiner, Lasse - 2014
This paper discusses and proposes random selection as a component in decision-making in society. Random procedures have played a significant role in history, especially in classical Greece and the medieval city-states of Italy. We examine the important positive features of decisions by random...
Persistent link: https://www.econbiz.de/10010359999
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Aleatoric democracy
Frey, Bruno S.; Osterloh, Margit - 2016
Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized … process. We suggest invigorating an old but nearly forgotten procedure to overcome this deficit: Aleatoric Democracy based on … considered. Persons and ideas, being so far disregarded, are taken into account. Democracy becomes vivid and creative, and does …
Persistent link: https://www.econbiz.de/10011571480
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Direct elections and trust in state and political institutions : evidence from Indonesia's election reform
Al Izzati, Ridho; Dartanto, Teguh; Suryadarma, Daniel; … - 2024
People's trust in state and political institutions is a key foundation of a well-functioning economy. We estimate the impact of direct elections on people's trust in state and political institutions, using a major political reform in Indonesia as the source of exogenous variation. Prior to 2005,...
Persistent link: https://www.econbiz.de/10014512446
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Public debt and economic growth : economic systems matter
Ahlborn, Markus; Schweickert, Rainer - 2016
Most studies on the relationship between public debt and economic growth implicitly assume homogeneous debt effects across their samples. We - in accordance with recent literature - challenge this view and state that there likely is a great deal of cross-country heterogeneity in that...
Persistent link: https://www.econbiz.de/10011436881