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In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10010950707
Over the past twenty-five years the Duke history of economics faculty, together with the collection development librarians in the David M. Rubenstein Rare Book and Manuscript Library, have been gathering the papers of notable (mostly) twentieth century economists in what is now called The...
Persistent link: https://www.econbiz.de/10010943304
The research in Psychology and Economics (a.k.a. Behavioral Economics) suggests that individuals deviate from the standard model in three respects: (i) non-standard preferences; (ii) non-standard beliefs; and (iii) non-standard decision-making. In this paper, I survey the empirical evidence from...
Persistent link: https://www.econbiz.de/10005774777
Intellectual property (IP) protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation. Optimal policy depends on the quantitative strength of these two forces. We give a quantitative assessment of current IP policies. We...
Persistent link: https://www.econbiz.de/10005829844
More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10008756468
Here is an early sample of a work in progress: a masterclass in applied economic theory and policy analysis—wrapped in the great American novel. In five acts, the novel takes its readers through an important quarter century of the American experience from the perspectives of five close family...
Persistent link: https://www.econbiz.de/10014077938
Here is an early sample of a work in progress: a masterclass in applied economic theory and policy analysis—wrapped in the great American novel. In five acts, the novel takes its readers through an important quarter century of the American experience from the perspectives of five close family...
Persistent link: https://www.econbiz.de/10014079092
Over the past twenty-five years the Duke history of economics faculty, together with the collection development librarians in the David M. Rubenstein Rare Book and Manuscript Library, have been gathering the papers of notable (mostly) twentieth century economists in what is now called The...
Persistent link: https://www.econbiz.de/10013032009
One approach to analyzing inequality is to compare average economic choices from a classical theoretical framework. Another approach considers the impact of the formation of society, through statutes and institutions, on average economic outcomes. This paper studies the effects of slavery on...
Persistent link: https://www.econbiz.de/10013038303
Persistent link: https://www.econbiz.de/10012907286