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The Origins of State Capacity: Property Rights, Taxation, and Politics

Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2007

Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens … "economic institutions", which in turn reflect past investments in legal and fiscal state capacity. We study the economic and … wars, as well as political stability and inclusive political institutions, are conducive to building state capacity …

Persistent link: https://www.econbiz.de/10005662311

A Model of Equilibrium Institutions

Guimarães, Bernardo; Sheedy, Kevin D. - C.E.P.R. Discussion Papers - 2012

Institutions that serve the interests of an elite are often cited as an important reason for poor economic performance …. This paper builds a model of institutions that allocate resources and power to maximize the payoff of an elite, but where … any group that exerts sufficient fighting effort can launch a rebellion that destroys the existing institutions. The …

Persistent link: https://www.econbiz.de/10011084465

Who Wants to Revise Privatization and Why? Evidence from 28 Post-Communist Countries

Denisova, Irina; Eller, Markus; Frye, Timothy; … - C.E.P.R. Discussion Papers - 2007

privatization, but most respondents prefer to leave firms in private hands. We examine who wants to revise privatization and why …. Respondents with poor human capital and few assets support revising privatization due to a preference for state over private … property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of …

Persistent link: https://www.econbiz.de/10005497879

Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production

Antràs, Pol - C.E.P.R. Discussion Papers - 2011

I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...

Persistent link: https://www.econbiz.de/10009320400

Global Sourcing of a Complex Good

Van Biesebroeck, Johannes; Zhang, Lijun - C.E.P.R. Discussion Papers - 2011

We analyze a firm that produces a final good from multiple intermediates that can each be sourced domestically or from a low-wage country. The model explicitly incorporates that sourcing decisions of intermediates are interdependent. Equilibrium predictions depend crucially on a key modeling...

Persistent link: https://www.econbiz.de/10009324256

Can Market Failure Cause Political Failure

Aney, Madhav; Ghatak, Maitreesh; Morelli, Massimo - C.E.P.R. Discussion Papers - 2011

We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed heterogeneously with wealth and talent. In our model, market failure due to...

Persistent link: https://www.econbiz.de/10009246601

Organizing the Global Value Chain

Antràs, Pol; Chor, Davin - C.E.P.R. Discussion Papers - 2012

We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...

Persistent link: https://www.econbiz.de/10011083351

De Facto and De Jure Property Rights: Land Settlement and Land Conflict on the Australian, Brazilian and U.S. Frontiers

Alston, Lee J.; Harris, Edwyna; Mueller, Bernardo - Research School of Economics, College of Business and … - 2009

We present a general model of the interaction between settlement and the emergence of de facto property rights on frontiers prior to governments establishing and enforcing de jure property rights. Settlers have an incentive to establish de facto property rights to avoid the dissipation...

Persistent link: https://www.econbiz.de/10004966281

Global Sourcing

Antràs, Pol; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2004

We present a North-South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...

Persistent link: https://www.econbiz.de/10005788904

Entrepreneurial Entry: Which Institutions Matter?

Aidis, Ruta; Estrin, Saul; Mickiewicz, Tomasz - C.E.P.R. Discussion Papers - 2009

In this paper we explore the relationship between the individual decision to become an entrepreneur and the institutional context. We pinpoint the critical roles of property rights and the size of the state sector for entrepreneurial activity and test the relationships empirically by combining...

Persistent link: https://www.econbiz.de/10005792210