Recent research indicates that the democratic peace - the observation that democratic nations rarely fight each other - is spurious: that advanced capitalism accounts for both democracy and the democratic peace (Mousseau 2009). This is not a trivial prospect: if economic conditions explain the...

This Ph.D. thesis consists of three chapters and analyzes how economic structures affect political outcomes. In the first chapter, Uwe Sunde and I develop a model to study the endogenous emergence of political regimes in societies in which productive resources are distributed unequally and...

The limited liability company (LLC) is a much more popular business entity in some U.S. states than in others. This empirical study provides the first detailed analysis of this phenomenon, using a partly original set of cross-sectional state-level data. I find that formation fees, rather than...