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Why Some Democracies are Headed by a Monarch?

Tridimas, George - 2014

liberal opposition to share office rents, while the alternative to the negotiation is a violent conflict that ends with either … deposition of the monarchy or absolute rule by the monarch. A model of conflict between the king and the liberal opposition is … explored where conflict for office rents is a costly contest with probabilistic outcomes and results in a reduction of …

Persistent link: https://www.econbiz.de/10013050916

Sovereign Risk Management : A Rationalist Explanation of Putin's and Trump's Risk Taking Behavior and Its Consequences

Lehrbass, Frank - 2017

Firstly, two seemingly unrelated topics of Russian politics are investigated. It is shown that under expected utility maximization the assumptions of an unbiased oil forward market and a risk-acceptant attitude (strictly convex utility function) of president Putin are sufficient to explain...

Persistent link: https://www.econbiz.de/10012962012

Using Acemoglu and Robinson's concept to assess Leviathans in CECCs in the long term

Matera, Rafał - In: Comparative economic research : Central and Eastern Europe 25 (2022) 3, pp. 63-89

The main objective of the paper is to use the following terms of Daron Acemoglu and James Robinson - Despotic, Real, Paper, Shackled Leviathans - to check and evaluate the state of democracy, governance and social power in Central and Eastern European Countries (CECCs). Six states were included...

Persistent link: https://www.econbiz.de/10013407461

On the Durability of King and Council : The Continuum between Dictatorship and Democracy

Congleton, Roger D. - 2011

In practice one rarely observes pure forms of dictatorship that lack a council, or pure forms of parliament that lack an executive. Generally government policies emerge from organizations that combine an executive branch of government, the king, with a cabinet or parliamentary branch, the...

Persistent link: https://www.econbiz.de/10014055672

Fiduciary Exemption for Public Necessity : Shareholder Profit, Public Good, and the Hobson's Choice during a National Crisis

Rhee, Robert J. - 2015

This Article is written as two discrete, independently accessible topical sections. The first topical section, presented in Part I of this Article, is a case study of Bank of America's acquisition of Merrill Lynch and the impact of a flawed merger execution on the board's subsequent decisions....

Persistent link: https://www.econbiz.de/10013039377

Why are Heterogenous Communities Inefficient? Theory, History and an Experiment

Hugh-Jones, David - 2015

We examine why heterogenous communities may fail to provide public goods. Current work characterizes sanctioning free-riders as an under-supplied public good. We argue that often free-riders can be punished by the coordinated action of a group. This punishment can be profitable, and need not be...

Persistent link: https://www.econbiz.de/10013027408

Corruption Around the World : Causes, Consequences, Scope, and Cures

Tanzi, Vito - 2006

Corruption is attracting a lot of attention around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption and possible corrective actions. It emphasizes the costs of corruption in terms of economic growth. It also emphasizes that the fight...

Persistent link: https://www.econbiz.de/10012782308

Kleptocracy, Totalitarianism and Corruption

Mohamed, Issam A.W - 2014

The present paper is part of unpublished book divided into three interrelated manuscripts that analyze the collapse of the Sudan. The theory introduced here is that the regime was built on kleptocratic framework. That enhanced a rapid transformation of the values' system of the country and...

Persistent link: https://www.econbiz.de/10014043955

Why Was Keynes Not Awarded the Nobel Peace Prize After Writing ‘The Economic Consequences of the Peace’?

Jonung, Lars - 2021

John Maynard Keynes became world famous with the publication of The Economic Consequences of the Peace in 1919, a harsh critique of the Versailles peace treaty. As a consequence, Keynes was nominated by German professors in economics for the Nobel Peace Prize three years in a row, 1922, 1923 and...

Persistent link: https://www.econbiz.de/10013230929

Endogenous Policy Decentralization : Testing the Central Tenet of Economic Federalism

Strumpf, Koleman S.; Oberholzer-Gee, Felix - 2001

The economic theory of federalism is largely built around the premise that more heterogeneous preferences result in more decentralized policy-making. Despite its prominence and importance, this central tenet of economic federalism has never been empirically evaluated. This paper presents the...

Persistent link: https://www.econbiz.de/10014200725