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In this article, I have estimated the Rule of Law for 193 countries using data from the Environment Social and Governance-ESG database of World Bank. I have used different econometric techniques to estimate the value of “Rule of Law” i.e.: Panel Data with Fixed Effects, Panel Data with...
Persistent link: https://www.econbiz.de/10015269460
This article examines the relationship between presence of vertical and horizontal inequalities and the emergence of social, distributive and civil conflicts in Belarus, Latvia, Kazakhstan, Kyrgyzstan, Lithuania, Russian Federation, Tajikistan and Ukraine. Are ethnic, religious or linguistic...
Persistent link: https://www.econbiz.de/10015269808
When individual judgments ('yes' or 'no') on some propositions are aggregated into collective judgments, the agenda setter can sometimes reverse a collective judgment by changing the set of propositions under consideration (the agenda). I define different kinds of agenda manipulation, and...
Persistent link: https://www.econbiz.de/10015239855
Most important results in Social Choice Theory concern impossibility theorems. They claim that no function, as complex as it might be, can satisfy simultaneously a restricted number of fair properties describing a democratic system. However, adopting new voting ideas can push back those limits....
Persistent link: https://www.econbiz.de/10015247505
The official results analysis of the Congolese presidential elections in 2011 aims at studying behavior displayed by voters towards the selected mode of poll. This reveals that most of them carry out a strategic vote because feeling, in an intuitive way, weaknesses of a single member voting...
Persistent link: https://www.econbiz.de/10015247700
When individual judgments ('yes' or 'no') on some propositions are aggregated into collective judgments, outcomes may be sensitive to the choice of propositions under consideration (the 'agenda'). Such agenda-sensitivity opens the door to manipulation by agenda setters. I define three types of...
Persistent link: https://www.econbiz.de/10015251899
When individual judgments ('yes' or 'no') on some propositions are aggregated into collective judgments, outcomes may be sensitive to the choice of propositions under consideration (the 'agenda'). Such agenda-sensitivity opens the door to manipulation by agenda setters. I define three types of...
Persistent link: https://www.econbiz.de/10015252381
None of the known macroeconomic theories are adequate to understand what to do in a global crisis like the 2020 Global Pandemic. Rational Expectations and monetarism cannot even ex-plain how is that a global crisis like this happens. The IS-LM model was designed to manage business cycles, but...
Persistent link: https://www.econbiz.de/10015214327
In this brief comment, the public choice theory aims to distinguish the dilemmas and conflicts in formal and empirical. The hypothesis argues that the reality more complex than the principles of choice of Pareto and Liberalism*. Both the ethics and politics are taking decisions that are not...
Persistent link: https://www.econbiz.de/10015221333
This paper shows that in an incomplete information situation if the set of states of the society which occur with positive probability satisfies 'connection' condition, then closure condition will be satisfied by all social choice sets. It then follows from Jackson's (1991) two fundamental...
Persistent link: https://www.econbiz.de/10015222000