-profit entrepreneurs: kings, lords, or mafia dons. Though self-governance is best for the population, it faces problems of long …

Recent events in several countries have underscored the importance of good governance in private occupational pension …. Under complete contracting, governance can be shown to be neutral: DC and DB plans differ only on risk allocation. If …

shareholders) engage in corporate governance. In classical models, blockholders exert governance through direct intervention in a … governance by extracting private benefits of control or pursuing objectives other than firm value maximization. I highlight the …

Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence … capital city allows the elite to appropriate a larger share of output, so the costs of better governance for the elite, in …

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan … also in ensuring their soundness and stability. In this paper we study the specific corporate governance structures of a … public governance literatures, where present. Our analysis highlights a striking variety in central bank governance …

different ownership and governance structures. The empirical results indicate significant financial constraints even among the …

This paper discusses proposed governance reforms of legal services markets. The model distinguishes between a status … quo position supported by a system of professionally enforced collective reputation and forms of governance based more …