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Using public approval for the President of the European Commission as an example, we investigate whether there are economic effects on public support for political authority: (1) when democratic accountability is absent; and (2) when public information about authorities is low. We find that...
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Extraction from a common pool resource (CPR), such as a fishery, can lead to socially inefficient and undesirable outcomes as a result of appropriation problems. Through regulation of the CPR, users may achieve a more profitable and socially efficient outcome. Feeny et al. (Land Econ...
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