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It is by now generally agreed that government corruption is a serious impediment to economic growth. An intensive use of informal tolls and bribes on roads and waterways still prevail in several developing countries, hampering trade and economic development. On the basis of a general model of a...
Persistent link: https://www.econbiz.de/10012978823
-aggregated level. Our idea builds on the well documented interdependence between institutions and exports, which allows estimating the … that neglect regional differences in the effectiveness of institutions …
Persistent link: https://www.econbiz.de/10012857904
We examine how variation in antisemitism across countries can be explained by economic freedom. We propose two mechanisms. First, the more economic freedom, the greater the scope of market activities. If people perceive the consequences of the market economy as detrimental, they will be more...
Persistent link: https://www.econbiz.de/10012292417
Principal-agent problems can reduce gains from exchange available in long distance trade. One solution to mitigate this problem is multilateral punishment, whereby groups of principals jointly punish cheating agents by giving them bad reputations. But how does such punishment work when there is...
Persistent link: https://www.econbiz.de/10012950453
In the latter half of the fourth millennium BC, our ancestors witnessed a remarkable transformation, progressing from simple agrarian villages to complex urban civilizations. In regions as far apart as the Nile Valley, Mesopotamia, Central Asia, and the Indus Valley, the first states appeared...
Persistent link: https://www.econbiz.de/10014468991
Persistent link: https://www.econbiz.de/10005051330
How much do cultural biases affect economic exchange? We try to answer this question by using the relative trust European citizens have for citizens of other countries. First, we document that this trust is affected not only by objective characteristics of the country being trusted, but also by...
Persistent link: https://www.econbiz.de/10005661566
implies a pivotal role for institutions. I discuss the relation between neuroeconomics and institutional economics from three … different perspectives. How does neuroeconomics improve our knowledge about the relation between behavior and institutions (rule … follwoing)? Can neuroeconomics provide deeper insights into the effects of institutions on behavior? In which way does …
Persistent link: https://www.econbiz.de/10010307235
a strictly naturalistic approach to this duality in the context of the theory of institutions, which means that its use … for the analysis of institutions, which synthesizes Searle's and Aoki's theories, especially with regard to the role of …-following as a behavioral disposition. This allows to conceive institutions as causal circuits that connect the population …
Persistent link: https://www.econbiz.de/10010307556
The coordination plays central role in the economics. The conventional economic theory looks at the market and enterprise (or hierarchy) as two different, separated manner of coordination of economic goods and services. However the modern organization theory, price theory and institutional...
Persistent link: https://www.econbiz.de/10010307588