Three essays on mechanism design and institutions

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Abstract

This thesis is concerned with both mechanism design and political economy issues. The
first chapter examines the conditions under which information aggregation (through an
appropriately designed mechanism) can solve hidden-types (also commonly referred
as adverse selection) problems. The remaining two chapters adopt a contract theory
approach in order to explain prominent institutions of many contemporary political
regimes. Chapter two provides a theory on why laws, which restrict the freedom of
private parties to commit on certain transactions, may actually be beneficial for increasing
social surplus and promoting economic growth and how the evolution of these
laws interacts with the process of economic development. Finally, chapter three examines
the issue on how the separation between the legislative and the executive branch
of a government can complement political competition in order to achieve an efficient
provision of public goods.

Item Type: Thesis [via Doctoral College] (PhD)
Subjects: H Social Sciences > HB Economic Theory
Library of Congress Subject Headings (LCSH): Game theory, Information theory in economics
Official Date: May 2011
Dates:
Date
Event
May 2011
Submitted
Institution: University of Warwick
Theses Department: Department of Economics
Thesis Type: PhD
Publication Status: Unpublished
Supervisor(s)/Advisor: Ohinata, Asako
Sponsors: University of Warwick. Department of Economics; Greek State Scholarship Foundation (IKY)
Extent: vi, 151 leaves.
Language: eng
URI: https://wrap.warwick.ac.uk/55434/

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