Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- European History (2)
- Lobbying (2)
- Administrative law (1)
- Agencies (1)
- Aggregate index (1)
-
- American History (1)
- Australian (1)
- Bank of United States (1)
- Bank panic (1)
- Bank regulation (1)
- Banks’ shareholders (1)
- Christianity (1)
- Citizenship (1)
- Corruption (1)
- Courts (1)
- Craft guilds (1)
- Earnings (1)
- Economy (1)
- Environmental (1)
- Expatriation (1)
- Federal Reserve History (1)
- Final decision (1)
- Finance (1)
- Financial crisis (1)
- Financial integration (1)
- Financial stability (1)
- Free rider (1)
- German financial crisis of 1931 (1)
- Globalisation (1)
- Globalization (1)
- Publication
- File Type
Articles 1 - 11 of 11
Full-Text Articles in Economics
Strong Firms Lobby, Weak Firms Bribe: A Survey-Based Analysis Of The Demand For Influence And Corruption, Sven Feldmann
Strong Firms Lobby, Weak Firms Bribe: A Survey-Based Analysis Of The Demand For Influence And Corruption, Sven Feldmann
Sven Feldmann
We use survey responses by firms to examine the firm-level determinants and effects of political influence, their perception of corruption and prevalence of bribe paying. We find that: (a) measures of political influence and corruption/bribes are uncorrelated at the firm level; (b) firms that are larger, older, exporting, government-owned, are widely held and/or have fewer competitors have more political influence, perceive corruption to be less of a problem and pay bribes less often; (c) influence increases sales and government subsidies and in general makes the firm have a more positive view on the government. In sum, we show that strong …
Religion, Longevity, And Cooperation: The Case Of The Craft Guild, Gary Richardson
Religion, Longevity, And Cooperation: The Case Of The Craft Guild, Gary Richardson
Gary Richardson
Whenthe mortality rate is high, repeated interaction alonemaynot sustain cooperation, and religion may play an important role in shaping economic institutions. This insight explains why during the fourteenth century, when plagues decimated populations and the church promoted the doctrine of purgatory, guilds that bundled together religious and occupational activities dominated manufacturing and commerce. During the sixteenth century, the disease environment eased, and the Reformation dispelled the doctrine of purgatory, necessitating the development of new methods of organizing industry. The logic underlying this conclusion has implications for the study of institutions, economics, and religion throughout history and in the developing world …
Intensified Regulatory Scrutiny And Bank Distress In New York City During The Great Depression,” With Patrick Van Horn, Gary Richardson
Intensified Regulatory Scrutiny And Bank Distress In New York City During The Great Depression,” With Patrick Van Horn, Gary Richardson
Gary Richardson
Bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This article tests competing theories about the causes of New York’s banking crisis. The cause appears to have been intensified regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money center banks to events overseas.
Self-Regulation, Poonam Mehra
The Misdirection Of Resources And The Current Recession, Mario J. Rizzo
The Misdirection Of Resources And The Current Recession, Mario J. Rizzo
Mario Rizzo
An analysis of the deficiencies of the stimulus pakage of February, 2009 from the point of view of a microeconomist.
Has Globalization Increased Australian Inequality?, Noel Gaston, Gulasekaran Rajaguru
Has Globalization Increased Australian Inequality?, Noel Gaston, Gulasekaran Rajaguru
Gulasekaran Rajaguru
No abstract provided.
On The Political Substitutability Between Tariffs And Subsidies, Daniel Brou, Michele Ruta
On The Political Substitutability Between Tariffs And Subsidies, Daniel Brou, Michele Ruta
Daniel Brou
This paper provides a simple model that highlights the political substitutability between import tariffs and production subsidies.1 When taxes are distortionary, political pressures by domestic interest groups representing the import competing sector induce the government to set inefficiently high tariffs and subsidies. If the government commits the tariff to a lower level - for instance by signing a binding commitment in a trade agreement - interest groups demand (and in the political equilibrium obtain) a larger production subsidy. This political substitutability between tariffs and subsidies is shown to reduce social welfare.
Making Property Productive: Reorganizing Rights To Real And Equitable Estates In Britain, 1660 To 1830, Gary Richardson
Making Property Productive: Reorganizing Rights To Real And Equitable Estates In Britain, 1660 To 1830, Gary Richardson
Gary Richardson
Between 1660 and 1830, Parliament passed thousands of Acts restructuring rights to real and equitable estates. These estate Acts enabled individuals and families to sell, mortgage, lease, exchange and improve land previously bound by inheritance rules and other legal legacies. The loosening of these legal constraints facilitated the reallocation of land and resources towards higher-value uses. Data reveal correlations between estate Acts, urbanization and economic development during the decades surrounding the Industrial Revolution.
Flying Passports Of Convenience, Karl T. Muth
Flying Passports Of Convenience, Karl T. Muth
Karl T Muth
This paper proposes an economic alternative to the legal construct of citizenship that currently dominates international law.
Financial Stability, Trade Openness And The Structure Of Banks’ Shareholders, Claudiu T. Albulescu
Financial Stability, Trade Openness And The Structure Of Banks’ Shareholders, Claudiu T. Albulescu
Claudiu T Albulescu
The adverse effect of financial crises upon the world’s economies represented the background for the development of a wide economic literature on financial stability. The assessment of this phenomenon stands for a complex exercise, as many techniques can be used for this purpose. Such a technique is the construction of an aggregate financial stability index which allows for a comparison between financial systems stability. Based on an aggregate index and on a panel of data, we show that, for several Eastern European Countries, the financial stability is largely influenced by the trade openness and by the quality of banks’ shareholders. …
Ripe Standing Vines And The Jurisprudential Tasting Of Matured Legal Wines – And Law & Bananas: Property And Public Choice In The Permitting Process, Donald J. Kochan
Ripe Standing Vines And The Jurisprudential Tasting Of Matured Legal Wines – And Law & Bananas: Property And Public Choice In The Permitting Process, Donald J. Kochan
Donald J. Kochan
From produce to wine, we only consume things when they are ready. The courts are no different. That concept of “readiness” is how courts address cases and controversies as well. Justiciability doctrines, particularly ripeness, have a particularly important role in takings challenges to permitting decisions. The courts largely hold that a single permit denial does not give them enough information to evaluate whether the denial is in violation of law. As a result of this jurisprudential reality, regulators with discretion have an incentive to use their power to extract rents from those that need their permission. Non-justiciability of permit denials …