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Acemoglu, Daron - 2010

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

Persistent link: https://www.econbiz.de/10012760481

Chiefs : Elite Control of Civil Society and Economic Development in Sierra Leone

Acemoglu, Daron - 2013

The lowest level of government in sub-Saharan Africa is often a cadre of chiefs who raise taxes, control the judicial system and allocate the most important scarce resource - land. Chiefs, empowered by colonial indirect rule, are often accused of using their power despotically and inhibiting...

Persistent link: https://www.econbiz.de/10013088683

Learning and Disagreement in an Uncertain World

Acemoglu, Daron - 2010

Most economic analyses presume that there are limited differences in the prior beliefs of individuals, as assumption most often justified by the argument that sufficient common experiences and observations will eliminate disagreements. We investigate this claim using a simple model of Bayesian...

Persistent link: https://www.econbiz.de/10012760581

Networks, Shocks, and Systemic Risk

Acemoglu, Daron - 2015

This chapter develops a unified framework for the study of how network interactions can function as a mechanism for propagation and amplification of microeconomic shocks. The framework nests various classes of games over networks, models of macroeconomic risk originating from microeconomic...

Persistent link: https://www.econbiz.de/10013028546

Coalition Formation in Political Games

Acemoglu, Daron - 2006

We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of resources. A ruling coalition needs to contain enough...

Persistent link: https://www.econbiz.de/10012778980

Emergence and Persistence of Inefficient States

Acemoglu, Daron - 2006

attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …

Persistent link: https://www.econbiz.de/10012778981

The Emergence of Weak, Despotic and Inclusive States

Acemoglu, Daron - 2017

Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...

Persistent link: https://www.econbiz.de/10012950052

Experimentation, Patents, and Innovation

Acemoglu, Daron - 2013

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm receives a private signal on the success...

Persistent link: https://www.econbiz.de/10012753422

A Theory of Military Dictatorships

Acemoglu, Daron - 2010

We investigate how nondemocratic regimes use the military and how this can lead to the emergence of military dictatorships. Nondemocratic regimes need the use of force in order to remain in power, but this creates a political moral hazard problem; a strong military may not simply work as an...

Persistent link: https://www.econbiz.de/10012759411

Determinants of Vertical Integration : Finance, Contracts, and Regulation

Acemoglu, Daron - 2010

We study the determinants of vertical integration in a new dataset of over 750,000 firms from 93 countries. Existing evidence suggests the presence of large cross-country differences in the organization of firms, which may be related to differences in financial development, contracting costs or...

Persistent link: https://www.econbiz.de/10012762442