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Non-positivity of the generalized substitution effect, non-positivity of the own-price substitution effect, homogeneity of degree zero in all prices and income, and the law of demand are some of the most primitive comparative static results in the standard revealed preference theory of...
Persistent link: https://www.econbiz.de/10010269516
Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action ('investment'). We build an...
Persistent link: https://www.econbiz.de/10010271893
Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving Associations) theorises the use of such institutions as arising from market failures in the development of formal saving and credit mechanisms. As economic development proceeds,...
Persistent link: https://www.econbiz.de/10010278666
We model simultaneous inter and within identity-group conflict in two territories connected by cross-territorial spill-overs. Within each territory, two groups contest the division of a group-specific public good, and all members contest the division of group income. Each group has a...
Persistent link: https://www.econbiz.de/10011479249
We examine how cross-community cost or benefit spillovers, arising from the consumption of group-specific public goods, affect both inter-group conflicts over the appropriation of such goods and decentralized private provision for their production. Our model integrates production versus...
Persistent link: https://www.econbiz.de/10012322562
We examine how cross-community cost or benefit spillovers, arising from the consumption of group-specific public goods, affect both inter-group conflicts over the appropriation of such goods and decentralized private provision for their production. Our model integrates production versus...
Persistent link: https://www.econbiz.de/10012875984
We examine how inequality in the endowment of secure wealth, mediated through voluntary public good provision, affects rent-seeking within and between groups. We model a scenario where two communities, each internally differentiated into rich, intermediate and poor segments, contest one another...
Persistent link: https://www.econbiz.de/10012882447
We examine how inequality in the endowment of secure wealth, mediated through voluntary public communities, each internally differentiated into rich, intermediate and poor segments, contest one another for the division of some rent. Any rent accruing to a community is distributed internally...
Persistent link: https://www.econbiz.de/10013480158
We model a contest between two groups of equal population size over the division of a group-specific public good. Each group is fragmented into sub-groups. Each sub-group allocates effort between production and contestation. There is perfect coordination within sub-groups, but sub-groups cannot...
Persistent link: https://www.econbiz.de/10011744593
We model political contestation over school language policy, within linguistic communities where weak property rights protection leads to high decentralized expropriation. We show that improvements in governance institutions that facilitate property rights protection might exacerbate such...
Persistent link: https://www.econbiz.de/10011744710