In diverse areas – from retirement savings, to fuel economy, to prescription drugs, to consumer credit, to food and beverage consumption – government makes personal decisions for us or helps us make what it sees as better decisions. In other words, government serves as our agent. Understood...

Korean Abstract: 본 연구는 지방교부세제도에서는 어떤 자치단체장이라도 지방교부금의 상한까지 사용하려 하고 재원이 다른 용도로 사용될 가능성이 상대적으로 높다는 측면에서 지방세를 통한 지방재원 조달의 경우보다...

Trust between citizens and their governments is crucial for the legitimacy and functioning of democracies. This paper discusses the main determinants of people’s trust in public institutions and their measurement, in times of crisis as well as for a long-term, strong, inclusive and green...

The aim of this paper is to review China's institutional reforms and consequent development of Chinese corporate governance system and financial system. As part of the wider economic reform initiated since the late 1970s, the Chinese government has adopted various measures aimed at reforming...

How important are windows of opportunity for institutional change? This paper focuses on groundwater-related regulation and assistance in Texas since 1949. Communities adopted a common framework to form local government organizations. These groundwater conservation districts modified the...

I explore consequences of publishing inconvenient information about the performance of public institutions. To understand how citizens would respond to such information, I conducted a survey experiment in which respondents were informed about sentencing disparity in the Czech Republic caused by...

Uniformity, the use of a common accounting measurement, is an essential feature of financial reporting, yet its desirability has long been debated. We study a model in which firms decide whether to adopt either their local accounting methods or a common method, followed by an investor allocating...

This paper introduces and describes a new city-level data set on political institutions in pre-modern Europe. To be precise, it presents three variables reporting the prevalence of the different existing types of participative political institutions between 800 AD and 1800 AD in 104 cities in...

This paper argues that government and market institutions when interacting with one another lead to the generation of a network effect in property value. Using data from the Florida Department of Revenue on market value assessments of homes in 17 counties, I find that living in a basic governing...

In this paper, I study whether a strong centralized state facilitated the development of local institutions in Imperial China from 1000 A.D. to 1900 A.D. I exploit plausibly exogenous variation in the state administrative capacity in the local area induced by regime changes. Using a novel and...