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Supply and demand for telecommunication infrastructure
Veith, Tobias - 2010
to initiate adequate investment incentives. Using a two-equation estimation approach, a direct competition effect (more … service competition increases the supply of infrastructure) can be disentangled from an indirect effect (more service … competition increases the demand for infrastructure quality and, as a consequence, increases the supply of infrastructure). While …
Persistent link: https://www.econbiz.de/10008701353
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The French Revolution and German industrialization : the new institutional economics rewrites history
Kopsidis, Michael; Bromley, Daniel W. - 2014
Our purpose here is to challenge the "big-bang" approach to economic history in which some alleged institutional imposition - a deus machine - is claimed to launch a series of new economic behaviors. This so-called prime mover is then carried forward by the inexorable forces of path dependency...
Persistent link: https://www.econbiz.de/10010362250
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Convergent Evolution Toward the Joint-Stock Company
Le Bris, David; Goetzmann, William N.; Pouget, Sébastien - National Bureau of Economic Research - 2023
The origin of the modern publicly-held joint-stock company is typically traced to large-scale maritime trading companies in England and the Netherlands in the early 17th century. Highlighting medieval cases in southern Europe, we claim that the joint-stock company likely emerged in several times...
Persistent link: https://www.econbiz.de/10014436952
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Interest rates, sanitation infrastructure, and mortality decline in nineteenth-century England and Wales
Chapman, Jonathan - 2021
This paper investigates whether high borrowing costs deterred investment in sanitation infrastructure in late nineteenth-century Britain. Town councils had to borrow to fund investment, with considerable variation in interest rates across towns and over time. Panel regressions, using annual data...
Persistent link: https://www.econbiz.de/10012820694
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Institutions and creative destruction in CEECs : determinants of inefficient use of assets
Fidrmuc, Jarko; Siddiquiy, Martin - 2015
We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
Persistent link: https://www.econbiz.de/10011375699
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Zakat : Islam's missed opportunity to limit predatory taxation
Kuran, Timur - 2019
One of Islam's five canonical pillars is a predictable, fixed, and mildly progressive tax system called zakat. It was meant to finance various causes typical of a pre-modern government. Implicit in the entire transfer system was personal property rights as well as constraints on government—two...
Persistent link: https://www.econbiz.de/10012125609
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From institutions to financial development and growth : what are the links?
Fernández, Andrés; Tamayo, César E. - 2015
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078
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Property rights and economic freedom: an econometric analysis
Van, Germinal G. - 2020
The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to...
Persistent link: https://www.econbiz.de/10012437721
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The effects of land redistribution : evidence from the French Revolution
Finley, Theresa; Franck, Raphaël; Johnson, Noel D. - 2020
This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution to assess the role played by transaction costs in delaying the reallocation of property rights in the aftermath of fundamental institutional reform. French districts with a...
Persistent link: https://www.econbiz.de/10012299758
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Borderline disorder : (de facto) historical ethnic borders and contemporary conflict in Africa
Depetris-Chauvin, Emilio; Özak, Ömer - 2020
: competition for agricultural land, population pressure, cultural similarity and weak property rights. …
Persistent link: https://www.econbiz.de/10012306383