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作者:Northwestern University; Loyola University Chicago
摘要:Industries that have different structures in Europe than in America can teach useful lessons about industrial evolution. Despite similar initial histories, European professional sports leagues adopted team promotion and relegation, which facilitates much easier entry than is possible in North America, where leagues themselves create new franchises to sell to investors. By contrasting the histories of the English Football League and the National Baseball League, we show that their structures ar...
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作者:Fordham University
摘要:I examine the portfolio allocations of women married in the years surrounding the 1870 Married Women's Property Act. The act, which gave women married after 1870 the right to own and control personal property, serves as a natural experiment to examine the extent to which individuals respond to changes in property law. I link wealth data to census information and find that, as a result of the act, women married after 1870 altered their portfolio allocations by shifting wealth-holding away from ...
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作者:University of California System; University of California Irvine
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作者:Barnhill, JH
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作者:Carnegie Mellon University
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作者:University of Connecticut
摘要:Risk and transaction costs often provide competing explanations of institutional outcomes. In this article we argue that they offer opposing predictions regarding the assignment of fixed and variable taxes in a multi-tiered governmental structure. Although the central government can pool regional risks from variable taxes, local governments can measure variable tax bases more accurately. Evidence on tax assignment from the mid-sixteenth-century Ottoman Empire supports the transaction cost expl...
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作者:University of California System; University of California Davis
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作者:University System of Ohio; Cleveland State University
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作者:Wheaton College
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作者:University of Colorado System; University of Colorado Boulder