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The Network Origins of Large Economic Downturns
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2013-06-30)
This paper shows that large economic downturns may result from the propagation of microeconomic shocks over the input-output linkages across different firms or sectors within the economy. Building on the framework of ...
Network Security and Contagion
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2013-06-28)
We develop a theoretical model of security investments in a network of interconnected agents. Network connections introduce the possibility of cascading failures due to an exogenous or endogenous attack depending on the ...
Beyond Becker : training in imperfect labor markets
(Cambridge, Mass. : Dept. of Economics, Massachusetts Institute of Technology, 1998)
Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdepent World?
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2012-08-20)
Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not ...
Finding Eldorado: Slavery and Long-run Development in Colombia
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2012-06-12)
Slavery has been a major institution of labor coercion throughout history. Colonial societies used slavery intensively across the Americas, and slavery remained prevalent in most countries after independence from the ...
A Political Theory of Populism
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2011-08-03)
When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich elite, signals of true left-wing conviction are valuable. As a consequence, even a moderate politician ...
State Capacity and Economic Development: A Network Approach
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-08)
We study the direct and spillover effects of local state capacity using the network of Colombian municipalities. We model the determination of local and national state capacity as a network game in which each municipality, ...
Reevaluating the modernization hypothesis
(Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, 2007)
The rise of Europe : Atlantic trade, institutional change and economic growth
([Cambridge, Mass.] : MIT Sloan School of Management, 2002)
The rise of Europe : Atlantic trade, institutional change and economic growth
(Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, 2002)