Showing 1 - 10 of 26
Committees improve decisions by pooling independent information of members, but promote manipulation, obfuscation, and exaggeration of private evidence when members have conflicting preferences. We study how self-interest mediates these conflicting forces. When members' preferences differ, no...
Persistent link: https://www.econbiz.de/10013218407
This paper explores the power of threats in the absence of binding commitment. The threatener cannot commit to carrying out the threat if the victim refuses payment, and cannot commit to not carrying out the threat if payment is made. If exercising the threat is costly to the threatener, then...
Persistent link: https://www.econbiz.de/10013224941
We collect data on the rules and practices of financial and conflict disclosure by politicians in 175 countries …
Persistent link: https://www.econbiz.de/10013243647
We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in firms incorporated in that state. This change limited managers'...
Persistent link: https://www.econbiz.de/10013117403
conflict of interest studies, because many agents are evaluating the same thing, private incentives to distort evaluations are …
Persistent link: https://www.econbiz.de/10013118120
We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially … a sequence of bad actions originated. Assuming that both sides are not extremists, spirals of distrust and conflict get … this mechanism can be useful in interpreting cycles of ethnic conflict and international war, and how it also emerges in …
Persistent link: https://www.econbiz.de/10013103053
of endogeneity between land tenancy and land conflict we instrument land conflict with Catholic priests …
Persistent link: https://www.econbiz.de/10013147156
Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather uncommon. I argue that the ubiquity of regulation is explained not so much by the failure of markets, or by asymmetric information, as by the failure of courts to solve contract and...
Persistent link: https://www.econbiz.de/10013148865
- formal titles. Land conflict will be minimal when governments supply property rights to first possessors. But, governments …, governments may assign de jure rights but be unwilling to enforce the right. This generates potential or actual conflict over land … depending on the violence potentials of de facto and de jure claimants. We examine land settlement and conflict on the frontiers …
Persistent link: https://www.econbiz.de/10013151034
conjecture that increasing female property rights increased conflict within household and this increased conflict resulted in … with asymmetric information and costly conflict is consistent with these findings …
Persistent link: https://www.econbiz.de/10013056668