Arbeitspapier

Institutional competition, political process and holdup

We compare the effect of legal and institutional competition for the design of labor institutions in an environment characterized by holdup problems in human and physical capital. We compare autarky with the two country case, assuming that capital is perfectly mobile and labor immobile. We distinguish two cases. In the first, the political system is free from capture, while in the second, we examine the case where labor captures the institutional design problem. We find that in the former case, a competition of systems reduces welfare while in the latter it improves the overall outcome.

Sprache
Englisch

Erschienen in
Series: SFB 649 Discussion Paper ; No. 2006,027

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Deffains, Bruno
Demougin, Dominique M.
Ereignis
Veröffentlichung
(wer)
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
(wo)
Berlin
(wann)
2006

Handle
Letzte Aktualisierung
10.03.2025, 11:46 MEZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Deffains, Bruno
  • Demougin, Dominique M.
  • Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk

Entstanden

  • 2006

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