Cursed Resources? Political Conditions and Oil Market Outcomes
نویسندگان
چکیده
منابع مشابه
Cursed Resources? Political Conditions and Oil Market Outcomes
We analyze how a country’s political institutions affect oil production within its borders. We find a pronounced negative relationship between political openness and volatility in oil production, with democratic regimes exhibiting less volatility than more autocratic regimes. This relationship holds across a number of robustness checks including using different measures of political conditions,...
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Distribution and allocation of resources is affected by factors such as values, norms, social stratifications, ideology, information, coercion, political challenges, and even external factors. This finding means that there is always a fundamental tendency to redirect resources toward political goals instead of public interests and development. Because the resource structure is strongly influenc...
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There is evidence that people do not fully take into account how other peoples actions are contingent on these others information. This paper deÞnes and applies a new equilibrium concept in games with private information, cursed equilibrium, which assumes that each player correctly predicts the distribution of other players actions, but underestimates the degree to which these actions are co...
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ژورنال
عنوان ژورنال: The Energy Journal
سال: 2015
ISSN: 0195-6574
DOI: 10.5547/01956574.36.3.gmet