Showing 141 - 150 of 46,176
Institutions determine prospects for economic growth and development. This paper collapses potentially complex interactions of different institutions into a simple condition on the primitives that determines whether a society supports spot markets or not. In a dynamic model of an agrarian...
Persistent link: https://www.econbiz.de/10005455482
Does less inequality in wealth distribution imply better property rights protection? In this paper we show that this … conflict to peace stage (with no rent-seeking and fast growth) requires the reduction of inequality. This generates an …
Persistent link: https://www.econbiz.de/10011098839
belief and measures of wealth inequality, controlling for potential confounding factors such as patterns of spatial and cross …-pastoral societies that tend to sustain higher levels of inequality and where vulnerable material wealth plays a dominant role in the …
Persistent link: https://www.econbiz.de/10011190125
Traditionally, allocations by dictators in Dictator Games (gifts) have been explained by aspects of altruism, reciprocity, and fairness. However, this assumes the gift to be desirable to the dictators and responder. Giving may also be driven by the source of the endowment. We examine this by...
Persistent link: https://www.econbiz.de/10010776369
Traditionally, larger than equilibrium allocations by proposers in Dictator Games (gifts) have been explained by aspects of altruism, reciprocity, and fairness. However, this assumes the gift to be mutually desirable to the proposer and responder. Giving may also be driven by a desire of the...
Persistent link: https://www.econbiz.de/10010960259
economic, institutional, and cultural environment. If investment opportunities are scarce, inequality is high, property rights …
Persistent link: https://www.econbiz.de/10010925715
belief and measures of wealth inequality, controlling for potential confounding factors such as patterns of spatial and cross …-pastoral societies that tend to sustain higher levels of inequality and where vulnerable material wealth plays a dominant role in the …
Persistent link: https://www.econbiz.de/10010925728
This paper explores the extent to which episodes of democratization can be explained by variation in income inequality … Robinson (2001), our empirical examination considers the possibility that the effect of income inequality on democratization …, we demonstrate that variation in income inequality can explain democratization following recessions, but that there is no …
Persistent link: https://www.econbiz.de/10010929538
citizens benefit from not-too-low inequality. Our model also implies that disastrous economic policies, characteristic for many … on the level of inequality, autocrats can deter foreign threats by choking the economy. This policy may prevent …
Persistent link: https://www.econbiz.de/10011892035
redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate …
Persistent link: https://www.econbiz.de/10005661707