The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates the decentralized coordination mechanism inherent in all...

The idea that US power underpins international security remains deeply anchored in today's US political elite. Ultimately, this idea also lies at the heart of US-led alliances, including NATO. But the three pillars of Pax Americana - US military strength, the country's economic openness and the...

The idea that US power underpins international security remains deeply anchored in today's US political elite. Ultimately, this idea also lies at the heart of US-led alliances, including NATO. But the three pillars of Pax Americana - US military strength, the country's economic openness and the...

The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates the decentralized coordination mechanism inherent in all...

Warum reagieren Gesellschaften so zögerlich auf die Klimakrise? Die in dem Essay verfolgte These lautet: Die wirtschaftlichen, politischen und sozialen Prozesse moderner kapitalistischer Gesellschaften weisen Macht- und Anreizstrukturen auf, die hinreichende Reaktionen auf die Klimakrise...

Dieser Beitrag thematisiert die ökonomische Macht von Unternehmen in Österreich und stellt die Frage, ob diese - wie auch in anderen OECD-Ländern - zugenommen hat. Konzeptuell wird eine neuartige Differenzierung zwischen ökonomischer und politischer Macht sowie zwischen Marktmacht im engeren...

Which region(s) will come to dominate the world economy? This paper develops the Global Gaidar Model (GGM), a 17-region, 2-skills, 100-period OLG model, to address this and other questions. The model is carefully calibrated to 2017 UN demographic and IMF fiscal data. Productivity growth and its...

Warum reagieren Gesellschaften so zögerlich auf die Klimakrise? Die in dem Essay verfolgte These lautet: Die wirtschaftlichen, politischen und sozialen Prozesse moderner kapitalistischer Gesellschaften weisen Macht- und Anreizstrukturen auf, die hinreichende Reaktionen auf die Klimakrise...

We measure the evolution of dominant firms in the U.S. economy since 1960, and globally since 1990. Contrary to common wisdom, dominant firms have not become larger, have not become more productive, and their contribution to aggregate productivity growth has fallen by more than one third since 2000

Die Europäisierungsforschung widmet sich der Erforschung der Rückwirkungen der europäischen Integration auf die EU-Mitgliedstaaten. Trotz der Bedeutung von Kapital und Arbeit und ihren Organisationen für die politischen Ökonomien der EU-Mitgliedstaaten hat die Europäisierungslite-ratur den...

Dieser Beitrag thematisiert die ökonomische Macht von Unternehmen in Österreich und stellt die Frage, ob diese - wie auch in anderen OECD-Ländern - zugenommen hat. Konzeptuell wird eine neuartige Differenzierung zwischen ökonomischer und politischer Macht sowie zwischen Marktmacht im engeren...

"How do corporations use their instrumental and structural power within markets and states to advance their policy agendas? Capitalism and Class Power examines corporate power through chapters on the U.S. military industrial complex, the rise of billionaire wealth in the U.S., the role of a...

"Perhaps we were too distracted by the pandemic, or the endless financial crises, or the rise of TikTok. But under cover of them all, a new and more exploitative system has been taking hold. Insane sums of money that were supposed to re-float our economies after the crash of 2008 went to big...

El periodista de investigación Gareth Gore llegó a España en 2017 para informar sobre el inesperado derrumbe del Banco Popular, considerado hasta entonces como una de las entidades más rentables del mundo. Lo que había de ser una crónica más sobre las consecuencias desastrosas de una...

An economic group is a collection of parent and subsidiary corporations that operates as a single economic organism under the same legislature of control. The decisions taken by the economic groups in any country are among the most influential factors that impact its market and the country's...

The digital economy has brought new business models that rely on zero-price markets and multi-sided platforms that exploit broad business ecosystems. The traditional concept of market power used by competition authorities cannot engage with this new reality, which is more multidimensional than...

Rapidly rising carbon emissions from the intense development of Western Canada’s fossil fuels continue to aggravate the global climate emergency and destabilize democratic structures. The urgency of the situation demands not only scholarly understanding, but effective action. Regime of...

The Zambakari Advisory is pleased to publish its Summer 2020 Special Issue: “Courting Africa: Asian Powers and the New Scramble for the Continent.” To produce a quality perspective and shine a nuanced light on this “scramble,” we invited prominent scholars to think about Africa’s...

This paper shows how predation breaks the links between an economy's aggregate resourceendowment and aggregate consumption and between the interpersonal distribution of endowments and the interpersonal distribution of consumption. We construct a general-equilibrium model in which some people...

An economic group is a collection of parent and subsidiary corporations that operates as a single economic organism under the same legislature of control. The decisions taken by the economic groups in any country are among the most influential factors that impact its market and the country's...

We use survey responses by firms to examine the firm-level determinants and effects of political influence, their perception of corruption and prevalence of bribe paying. We find that: (a) measures of political influence and corruption/bribes are uncorrelated at the firm level; (b) firms that...

We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...

Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The current paper develops a voting model where citizens are uncertain about the welfare effects induced by alternative policy options and derive information about those effects from...

"The reader may benefit from my explanation of the key turning points in my own thinking, during the six years of research. Ever since my graduate studies at Yale, the quest for a better understanding of the process of economic growth has been an important part of my research. Much of the work...

Lange galt China als eine Art sanfter, schlafender Riese. Zwar war das politische System und dessen Menschenrechtsverletzungen nur schwer vereinbar mit westlichen demokratischen Werten, doch man setzte auf das Prinzip "Wandel durch Handel". China würde sich mit steigendem Wohlstand schon...