In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical … models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable … focus on historically-determined differences in human capital and control for the effect of institutions, the impact of …

institutions, there is generally a conflict over these social choices, ultimately resolved in favor of groups with greater …This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental … cause of differences in economic development. We first document the empirical importance of institutions by focusing on two …

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 …

In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical … models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable … focus on historically-determined differences in human capital and control for the effect of institutions, the impact of …

institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural … stochastically grab power and the dynamics of collective experimentation over institutions …