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The financial bailouts of 2008 were but one example in a long list of privileges that governments occasionally bestow upon particular firms or particular industries. At various times and places, these privileges have included (among other things) monopoly status, favorable regulations,...
Persistent link: https://www.econbiz.de/10013065669
Competent public agencies are associated with better economic outcomes. Beyond competence, political leaders need to secure the loyalty of their agencies. Unfortunately, several theories predict a tradeoff between these two valued features. This paper finds that recruitment into agencies is...
Persistent link: https://www.econbiz.de/10003394384
Measures of institutional quality are strong predictors of cross-country differences in income and productivity. The institutional economics literature has long maintained that one way institutions influence economic growth is by impacting the efficient allocation of production factors across...
Persistent link: https://www.econbiz.de/10012900823
Political Economy. Specifically, this paper argues that Calhoun's theory of the concurrent majority offers a way of …
Persistent link: https://www.econbiz.de/10013006741
a lack of a hard budget constraint, exports this feature to the economy organizations it oversees. The channel through …This paper develops the theory of entangled political economy by outlining a process by which the political … which it does so is the repeated interactions of economy and polity organizations' agents during times of crisis. The …
Persistent link: https://www.econbiz.de/10013035230
Experiments have demonstrated that men are more willing to compete than women in stereotypically male tasks. We examine whether nominations close this gender gap. For example, are male nominators more willing than female nominators to enter nominees into competitions. Further, we consider the...
Persistent link: https://www.econbiz.de/10012314942
We study the COVID-19 pandemic's effect on college students' government- and market-attitudes using within-subject comparisons of survey responses elicited before and after the onset of the pandemic. We find that support for markets significantly declines after the onset of the pandemic, with...
Persistent link: https://www.econbiz.de/10012271407
Der Staat steht angesichts der Transformation von Wirtschaft und Gesellschaft durch die Digitalisierung, die Globalisierung und den Klimawandel vor neuen und großen Herausforderungen. Diesen wird er am besten gerecht, wenn er Probleme präventiv behandelt und nicht ex post „heilt“. Um die...
Persistent link: https://www.econbiz.de/10012271998
How can we toughen up the state against the backdrop of the transformative challenges of climate change, planetary boundaries, and technological progress? I examine this question through a fundamental analysis of the dimensions of democratic politics and the "management" of public affairs. I...
Persistent link: https://www.econbiz.de/10012547114
Businesses are "burdened" by government through corporate taxes and bureaucratic procedures. We interpret these two channels as tools for raising revenues and study, theoretically and empirically, how different political institutions rely on these tools. We establish two stylized facts: The...
Persistent link: https://www.econbiz.de/10012931683