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Full-Text Articles in Political Economy
Digital Market Concentration: An Institutional And Social Cost Analysis, Jack Shane
Digital Market Concentration: An Institutional And Social Cost Analysis, Jack Shane
Honors Projects
In this thesis, I develop an analysis of the industry concentration seen in digital markets today. I begin with a description and argument for the use of institutional economics. This framework allows for the integration of an interdisciplinary approach to economics. My analysis details the socioeconomic and political impacts, as well as the underlying market dynamics that have pushed digital markets towards concentration. I offer novel explanations for the lack of firm behavior that should theoretically increase profit, the existence of barriers to competition, and consumer behavior that focus on the role of social institutions. I also detail many of …
New Institutional Economics: Political Institutions And Divergent Development In Costa Rica And Honduras, Maynor Alberto Loaisiga Bojorge
New Institutional Economics: Political Institutions And Divergent Development In Costa Rica And Honduras, Maynor Alberto Loaisiga Bojorge
Honors Projects
For most of their histories, Costa Rica and Honduras were primarily agricultural societies with little economic diversification. However, around 1990, after the implementation of Washington Consensus reforms, the economies of both nations began to diverge. Costa Rica’s economy rapidly expanded for the following 30 years, while Honduras remained stagnant. Through a New Institutional Economics approach, I argue that institutional differences between Costa Rica and Honduras are responsible for the impressive economic growth Costa Rica has been able to achieve in the past few decades. Specifically, early political developments in Costa Rica have deeply imbedded relatively egalitarian values into the population, …