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作者:Baldwin, Richard
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作者:Rodrik, Dani
作者单位:Harvard University
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作者:Stern, Nicholas
作者单位:University of London; London School Economics & Political Science
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作者:Acemoglu, Daron; Robinson, James A.
作者单位:Massachusetts Institute of Technology (MIT); Harvard University
摘要:We construct a model to study the implications of changes in political institutions for economic institutions. A change in political institutions alters the distribution of de jure political power, but creates incentives for investments in de facto political power to partially or even fully offset change in de jure power. The model can imply a pattern of captured democracy, whereby a democratic regime may survive but choose economic institutions favoring an elite. The model provides conditions...
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作者:Duflo, Esther; Kremer, Michael; Robinson, Jonathan
作者单位:Massachusetts Institute of Technology (MIT); Harvard University; University of California System; University of California Santa Cruz
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作者:Jefferson, Philip N.
作者单位:Swarthmore College
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作者:Haile, Philip A.; Hortacsu, Ali; Kosenok, Grigory
作者单位:Yale University; National Bureau of Economic Research; University of Chicago; New Economic School
摘要:The quantal response equilibrium (QRE) notion of Richard D. McKelvey and Thomas R. Palfrey (1995) has recently attracted considerable attention, due in part to its widely documented ability to rationalize observed behavior in games played by experimental subjects. However, even with strong a priori restrictions on unobservables, QRE imposes no falsifiable restrictions: it can rationalize any distribution of behavior in any normal form game. After demonstrating this, we discuss several approach...
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作者:Alonso, Ricardo; Dessein, Wouter; Matouschek, Niko
作者单位:University of Southern California; University of Chicago; Northwestern University
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作者:Chiappori, Pierre-Andre; Salanie, Bernard
作者单位:Columbia University
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作者:Gourio, Francois
作者单位:Boston University