Related papers: Statehood Without Capacity
Institutions play a critical role in enabling communities to manage common-pool resources and avert tragedies of the commons. However, a fundamental issue arises: Individuals typically perceive participation as advantageous only after an…
We consider the house allocation problems with strict preferences, where monetary transfers are not allowed. We propose two properties in the spirit of justified fairness. Interestingly, together with other well-studied properties…
In recent years, the economic policy of privatization, which is defined as the transfer of property or responsibility from public sector to private sector, is one of the global phenomenon that increases use of markets to allocate resources.…
We study how firm heterogeneity and market power affect macroeconomic fragility, defined as the probability of long slumps. We propose a theory in which the positive interaction between firm entry, competition and factor supply can give…
Existing research has established that autocrats offer concessions to prevent ouster by their inner circle. This paper examines how those concessions are influenced by the relative uncertainty of an autocrat's inner circle about remaining…
Motivated by data on coauthorships in scientific publications, we analyze a team formation process that generalizes matching models and network formation models, allowing for overlapping teams of heterogeneous size. We apply different…
We consider the first-order theory of random variables with the probabilistic independence relation, which concerns statements consisting of random variables, the probabilistic independence symbol, logical operators, and existential and…
Industrial policy has returned to the centre of economic governance, particularly in the high-tech sectors where positive network externalities in demand make market dominance self-reinforcing. This paper studies the welfare effects of an…
The sustainability conditions for the market participants with a different ownership model were also determined. It was revealed, that the nonlinear form of the equations describing the market behavior with the prevailing private capital,…
We obtain new constraints for the modular energy of general states by using the monotonicity property of relative entropy. In some cases, modular energy can be related to the energy density of states and these constraints lead to…
Since 1887, administrative law has navigated a "capability-accountability trap": technological change forces government to become more sophisticated, but sophistication renders agencies opaque to generalist overseers like the courts and…
Contextuality is a central feature of quantum theory, traditionally understood as the impossibility of reproducing quantum measurement statistics using noncontextual ontological models. We study classical ontological descriptions in which a…
Permissionless systems resist Sybil attacks by binding influence to scarce resources. We show that scarcity alone is insufficient: the structural properties of the resource determine whether influence can be concentrated at sublinear cost…
The aim of this article is to represent the general description of an entity by means of its states, contexts and properties. The entity that we want to describe does not necessarily have to be a physical entity, but can also be an entity…
We consider manipulations in the context of coalitional games, where a coalition aims to increase the total payoff of its members. An allocation rule is immune to coalitional manipulation if no coalition can benefit from internal…
It is proposed that self-organisation (SO) in non-equilibrium systems is governed by a general principle: it emerges when a minute subset of system configurations are exceptionally stable and long-lived to survive the noise generated by the…
There are several theories in economics regarding the roots or causes of prosperity in a society. One of these theories or hypotheses -- named geography hypothesis -- mentions that the reason why some countries are prosperous and some…
This paper studies the formation of the grand coalition of a cooperative game by investigating its possible internal dynamics. Each coalition is capable of forcing all players to reconsider the current state of the game when it does not…
At the zero lower bound, the New Keynesian model predicts that output and inflation collapse to implausibly low levels, and that government spending and forward guidance have implausibly large effects. To resolve these anomalies, we…
Sharing economy is a distributed peer-to-peer economic paradigm, which gives rise to a variety of social interactions for economic purposes. One fundamental distributed decision-making process is coalition formation for sharing certain…