Showing 1 - 10 of 347
. Succinctly, countries receive a commercial return on their soft power …
Persistent link: https://www.econbiz.de/10012457132
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10012457900
This paper examines the relationship between the concentration of political power in legislative bargaining and the … limit the concentration of power …
Persistent link: https://www.econbiz.de/10012458653
Shareholder valuations are economically and statistically positively correlated with independent directors' power …, gauged by social network power centrality. Powerful independent directors' sudden deaths reduce shareholder value …
Persistent link: https://www.econbiz.de/10012458854
unanticipated) changes in the distribution of political power and in economic structure. We focus on the Markov Voting Equilibria …, which require that economic and political changes should take place if there exists a subset of players with the power to … institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural …
Persistent link: https://www.econbiz.de/10012459504
This paper presents new evidence on the power sharing layout of national political elites in a panel of African … monolithically controlling power, we show that African ruling coalitions are large and that political power is allocated …
Persistent link: https://www.econbiz.de/10012460235
The study of autocracies and weakly institutionalized countries is plagued by scarcity of information about the relative strength of different players within the political system. This paper presents novel data on the composition of government coalitions in a sample of fifteen post-colonial...
Persistent link: https://www.econbiz.de/10012460236
the intensity of holding gold is correlated with 'global power' - by the history of being a past empire, or by the sheer …
Persistent link: https://www.econbiz.de/10012460766
This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that...
Persistent link: https://www.econbiz.de/10012462813
political power decides the allocation of resources. We show that Pareto efficient allocations take a quasi-Markovian structure … and can be represented recursively as a function of the identity of the group in power and updated Pareto weights. For … disappear and labor supply and consumption levels fluctuate over time. The labor supply of groups that are not in power are …
Persistent link: https://www.econbiz.de/10012463249