KONSTANTIN SONIN John Dewey Distinguished Service Professor Irving B
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
New Economic School Annual Report, 2004-2005
РОССИЙСКАЯ ЭКОНОМИЧЕСКАЯ ШКОЛА N E W E C O N O M I C S C H O O L New Economic School Annual Report, 2004-2005 Moscow, August 2005 TABLE OF CONTENTS RECTOR’S INTRODUCTION ..............................................................................................4 ACADEMIC PROGRAM........................................................................................................7 NES ACADEMIC PROGRAM .....................................................................................................7 NES ACADEMIC REQUIREMENTS.............................................................................................9 FACULTY...............................................................................................................................11 FULL-TIME FACULTY MEMBERS ...........................................................................................11 Tenured Faculty..................................................................................................................11 Tenure-Track Faculty.........................................................................................................11 PART-TIME FACULTY MEMBERS ...........................................................................................12 VISITING FACULTY ................................................................................................................12 RESEARCH............................................................................................................................13 RESEARCH CENTER ...............................................................................................................13 -
Nes Delivers Up-To-Date Economics Research And
NES DELIVERS UP-TO-DATE ECONOMICS RESEARCH AND EDUCATION, MAKING A VALUABLE CONTRIBUTION TO THE RUSSIAN SOCIETY, STATE AND BUSINESS 2021 New Economic School NES MISSION «NES does not rest NES delivers up-to-date Economics research and education, making on its laurels». a valuable contribution to the Russian society, state and business. NES nurtures a community of world-class economists in Russia by: • educating the best professionals in Economics in line with international standards • inviting academic talent from all over the world, including bringing Russian economists back home RUBEN ENIKOLOPOV Rector of the New Economic School • creating and supporting international research groups Full Professor • conducting internationally competitive research NES alumnus, MAE’2002 • boosting quality and prestige of Economics degrees The New Economic School has been a lead- • shaping new approaches to economic challenges er in economic education and research in Russia for many years. NES professors hold • helping the state institutions and businesses make managerial PhD degrees in economics and finance from decisions and shape their economic policies the world’s leading universities and publish their research in the world’s best academic • contribute to the Russian economy by delivering quality education journals. NES graduates are highly valued in in Economics and Finance as well as by carrying out applied and various fields: business, the public sector and academic research projects academia. NES does not rest on its laurels. The develop- ment strategy adopted this year defines our priorities for the next five years: strengthen- ing the School’s unique community, moving NES VALUES to our own campus, transition to a full cycle university by launching a PhD program, fur- ther development of the undergraduate and Professionalism master’s degree programs, and ensuring the financial independence and sustainability of Responsibility the School. -
A POLITICAL THEORY of POPULISM* Daron Acemoglu Georgy Egorov Konstantin Sonin I. Introduction There Has Recently Been a Resurgen
A POLITICAL THEORY OF POPULISM* Daron Acemoglu Georgy Egorov Konstantin Sonin When voters fear that politicians may be influenced or corrupted by the rich elite, signals of integrity are valuable. As a consequence, an honest polit- ician seeking reelection chooses ‘‘populist’’ policies—that is, policies to the left of the median voter—as a way of signaling that he is not beholden to the interests of the right. Politicians that are influenced by right-wing special interests re- Downloaded from spond by choosing moderate or even left-of-center policies. This populist bias of policy is greater when the value of remaining in office is higher for the polit- ician; when there is greater polarization between the policy preferences of the median voter and right-wing special interests; when politicians are perceived as more likely to be corrupt; when there is an intermediate amount of noise in the information that voters receive; when politicians are more forward-looking; and http://qje.oxfordjournals.org/ when there is greater uncertainty about the type of the incumbent. We also show that soft term limits may exacerbate, rather than reduce, the populist bias of policies. JEL Codes: D71, D74. I. Introduction There has recently been a resurgence of ‘‘populist’’ politicians in several developing countries, particularly in Latin America. at MIT Libraries on April 24, 2013 Hugo Cha´vez in Venezuela, the Kirchners in Argentina, Evo Morales in Bolivia, Alan Garcı´a in Peru, and Rafael Correa in Ecuador are some of the examples. The label populist is often -
The Killing Game: a Theory of Non-Democratic Succession
Research in Economics 69 (2015) 398–411 Contents lists available at ScienceDirect Research in Economics journal homepage: www.elsevier.com/locate/rie The killing game: A theory of non-democratic succession Georgy Egorov a,n, Konstantin Sonin b,c a Northwestern University, United States b University of Chicago, United States c Higher School of Economics, Moscow, Russia article info abstract Article history: The winner of a battle for a throne can either execute or spare the loser; if the loser is Received 13 April 2015 spared, he contends the throne in the next period. Executing the losing contender gives Accepted 26 May 2015 the winner a chance to rule uncontested for a while, but then his life is at risk if he loses to Available online 16 July 2015 some future contender who might be, in equilibrium, too frightened to spare him. The Keywords: trade-off is analyzed within a dynamic complete information game, with, potentially, an Non-democracy infinite number of long-term players. In an equilibrium, decisions to execute predecessors Succession depend on the predecessors’ history of executions. With a dynastic rule in place, Execution incentives to kill the predecessor are much higher than in non-hereditary dictatorships. Reputation The historical illustration for our analysis contains a discussion of post-World War II Markov perfect equilibrium politics of execution of deposed leaders and detailed discussion of non-hereditary military dictatorships in Venezuela in 1830–1964, which witnessed dozens of comebacks and no single political execution. & 2015 Published by Elsevier Ltd. on behalf of University of Venice. “Who disagrees with our leadership, will get a spit into his face, a blow onto his chin, and, if necessary, a bullet into his head”. -
14.770: Introduction to Political Economy
14.770: Introduction to Political Economy Daron Acemoglu and Benjamin Olken Fall 2018. This course is intended as an introduction to field of political economy. It is the first part of the two-part sequence in political economy, along with 14.773 which will be offered in the spring. Combined the purpose of the two classes is to give you both a sense of the frontier research topics and a good command of the tools in the area. The reading list is intentionally long, to give those of you interested in the field an opportunity to dig deeper into some of the topics in this area. The lectures will cover the material with *'s in detail and also discuss the material without *'s, but in less detail. Grading: Class requirements: • Problem sets (50% of grade). You may work in groups of maximum 2 students on the problem sets, and even then each of you must hand in your own solutions. There will be approximately 5-6 problem sets in total, covering a mix of theory and empirics. • Final Exam. (40% of grade). • Class participation (10% of grade) Course Information: Professors Daron Acemoglu: [email protected] Benjamin Olken: [email protected] Teaching Assistant Mateo Montenegro: mateo [email protected] Lecture MW 10:30-12:00 (E51-376) Recitation F 12:00 - 1:00 (E51-372) 1 Collective Choices and Voting (DA, 9/6 & 9/11) These two lectures introduce some basic notions from the theory of collective choice and the basic static voting models. 1. Arrow, Kenneth J. (1951, 2nd ed., 1963). -
New Economic School Annual Report, 2000-2001 for the New Economic School, Moscow
New Economic School Annual Report, 2000-2001 for the New Economic School, Moscow Suite 1721, Nakhimovskii Prospekt 47, 117418 Moscow, Russian Federation. ( tel(7)(095) 129-3844 or 129-3722 @ fax(7)(095)129-3722 = E-mail [email protected] NES Annual Report, 2000-2001 Table of Contents Introduction _______________________________________________________________1 The Academic Program ______________________________________________________3 Overview _______________________________________________________________3 Course Offerings for Academic Year 2000-2001 _______________________________3 Pre-Academic Year______________________________________________________3 Module I: 4 September - 29 October 2000 ___________________________________3 Module II: 30 October - 24 December 2000___________________________________5 Module III: 15 January - 11 March 2001 _____________________________________7 Module IV: 12 March – 6 May 2001 ________________________________________8 Module V: 14 May - 8 July 2001 __________________________________________10 English Language Instruction _____________________________________________11 Faculty __________________________________________________________________12 Public Seminar _________________________________________________________13 The Students______________________________________________________________15 Current Students: Profile_________________________________________________15 TABLE 1.A: BACKGROUND INFORMATION ON STUDENTS ENROLLED AT NES, 2000-2001 -- CLASS OF 2001_________________________________________________________15 -
Political Economy of Redistribution
DISCUSSION PAPER SERIES DP11285 POLITICAL ECONOMY OF REDISTRIBUTION Daniel Diermeier, Georgy Egorov and Konstantin Sonin DEVELOPMENT ECONOMICS and PUBLIC ECONOMICS ISSN 0265-8003 POLITICAL ECONOMY OF REDISTRIBUTION Daniel Diermeier, Georgy Egorov and Konstantin Sonin Discussion Paper 11285 Published 18 May 2016 Submitted 18 May 2016 Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK Tel: +44 (0)20 7183 8801 www.cepr.org This Discussion Paper is issued under the auspices of the Centre’s research programme in DEVELOPMENT ECONOMICS and PUBLIC ECONOMICS. Any opinions expressed here are those of the author(s) and not those of the Centre for Economic Policy Research. Research disseminated by CEPR may include views on policy, but the Centre itself takes no institutional policy positions. The Centre for Economic Policy Research was established in 1983 as an educational charity, to promote independent analysis and public discussion of open economies and the relations among them. It is pluralist and non-partisan, bringing economic research to bear on the analysis of medium- and long-run policy questions. These Discussion Papers often represent preliminary or incomplete work, circulated to encourage discussion and comment. Citation and use of such a paper should take account of its provisional character. Copyright: Daniel Diermeier, Georgy Egorov and Konstantin Sonin POLITICAL ECONOMY OF REDISTRIBUTION Abstract It is often argued that additional constraints on redistribution such as granting veto power to more players in the society makes property better protected from expropriation. We use a legislative bargaining-type model to demonstrate that this intuition may be ‡flawed. Increasing the number of veto players or raising the supermajority requirement for redistribution may reduce protection on the equilibrium path. -
Endogenous Property Rights
NBER WORKING PAPER SERIES ENDOGENOUS PROPERTY RIGHTS Daniel Diermeier Georgy Egorov Konstantin Sonin Working Paper 19734 http://www.nber.org/papers/w19734 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2013 We are grateful to seminar participants in Princeton, Moscow, Frankfurt, Mannheim, Northwestern, the University of Chicago and to participants of MACIE conference in Marburg and CIFAR meeting in Toronto for valuable comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Daniel Diermeier, Georgy Egorov, and Konstantin Sonin. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Endogenous Property Rights Daniel Diermeier, Georgy Egorov, and Konstantin Sonin NBER Working Paper No. 19734 December 2013 JEL No. D72,D74,P48 ABSTRACT It is often argued that additional checks and balances provide economic agents with better protection from expropriation of their wealth or productive capital. We demonstrate that in a dynamic political economy model this intuition may be flawed. Surprisingly, increasing the number of veto players or the majority requirement for redistribution may reduce property right protection on the equilibrium path. The reason is the existence of two distinct mechanisms of property rights protection. One are formal constraints that allow individuals or groups to block any redistribution which is not in their favor. -
BENJAMIN POLAK Yale University Office of the Provost Warner House | 1 Hillhouse Avenue | New Haven, CT 06511 Ph
BENJAMIN POLAK Yale University Office of the Provost Warner House | 1 Hillhouse Avenue | New Haven, CT 06511 ph. (203) 432 4444 | fax (203) 432 0161 | e-mail: [email protected] CURRENT POSITION: Provost; William C. Brainard Professor of Economics; Professor, School of Management RESEARCH AND TEACHING AREAS: Microeconomic Theory, Economic History DEGREES 1987-92 Ph.D. (1992) Economics, Harvard University Thesis: “Problems from the History of Capital Markets” 1984-85 M.A. (1986) History, Northwestern University Thesis: “Rinderpest and Kenya in the 1890s” 1981-84 B.A. (1984) Economics (first class honors), Cambridge University (Trinity College) Dissertation: “Agricultural Credit and Rural Differentiation in Highland Kenya” AWARDS/FELLOWSHIPS 2008- William C. Brainard Professor of Economics 2006 The Lex Hixon ’63 Prize for Teaching Excellence in the Social Sciences, Yale College 2005 Graduate Teaching Prize, Economics Department, Yale University 2005 William Clyde DeVane Medal for undergraduate teaching and scholarship at Yale College 2004 Graduate Advising Prize, Economics Department, Yale University 2000 Yale Course Critique Outstanding Course List: Econ 159 (joint 3rd), and Econ 159a (joint 8th) 1999-2001 Henry Kohn Associate Professor Chair, Yale University 1998 Graduate Advising Prize, Economics Department, Yale University 1998 Graduate Teaching Prize, Economics Department, Yale University 1998 Alfred P. Sloan Research Fellowship 1997 Yale Junior Faculty Sabbatical Fellowship 1996 Summer Research Support, MacArthur Foundation 1991-94 -
What Does Modern Political Economics Tell Us About the Fate of Russia’S Reforms?
FREE Policy Brief Series What Does Modern Political Economics Tell Us about the Fate of Russia’s Reforms? Sergei Guriev, NES/CEFIR September, 2011 After the 2008-09 crisis, Russia is facing a new set of challenges. The pre-crisis sources of growth have been exhausted. In order to implement its growth potential and catch up with OECD countries, Russia must improve its investment and business climate. Although the reform agenda has been repeatedly discussed, it is not being implemented. The explanation is provided by modern political economics: what is good policy (in terms of social welfare and growth) is not necessarily good politics (for a country’s rulers). In this sense, modern Russia is a perfect example of the non-existence of a political Coase theorem. Although everybody understands that the status quo is suboptimal, the most likely outcome is further postponement of reforms. Whither Russia? book’s different chapters arrived at similar conclusions, which might be summarized as follows: while Russia came out of the crisis in In 2009, the New Economic School joined the a reasonably good shape and has nothing to Russia Balance Sheet project launched by two fear in the near term, it has serious long-term DC-based think tanks: the Center for Strategic problems that need to be addressed as soon as and International Studies and the Peterson possible; however , it is unfortunately the case Institute for International Economics. The aim that Russia is unlikely to implement the of the project was to assess Russia’s assets and required reforms, since they go against the liabilities. -
Was Stalin Necessary for Russia's Economic Development?
NBER WORKING PAPER SERIES WAS STALIN NECESSARY FOR RUSSIA'S ECONOMIC DEVELOPMENT? Anton Cheremukhin Mikhail Golosov Sergei Guriev Aleh Tsyvinski Working Paper 19425 http://www.nber.org/papers/w19425 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 September 2013 The authors thank Mark Aguiar, Bob Allen, Paco Buera, V.V. Chari, Hal Cole, Andrei Markevich, Joel Mokyr, Lee Ohanian, Richard Rogerson for useful comments. We also thank participants at the EIEF, Federal Reserve Bank of Philadelphia, Harvard, NBER EFJK Growth, Development Economics, and Income Distribution and Macroeconomics, New Economic School, Northwestern, Ohio State, Princeton. Financial support from NSF is gratefully acknowledged. Golosov and Tsyvinski also thank Einaudi Institute of Economics and Finance for hospitality. Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the authors and do not necessarily reflect the views of their colleagues, the Federal Reserve Bank of Dallas, the Federal Reserve System, or the National Bureau of Economic Research. At least one co-author has disclosed a financial relationship of potential relevance for this research. Further information is available online at http://www.nber.org/papers/w19425.ack NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Anton Cheremukhin, Mikhail Golosov, Sergei Guriev, and Aleh Tsyvinski. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. -
New Economic School Modern Economic Education Modern Economic the Russian for and Research and State Business Society, Mission of Nes
NEW ECONOMIC SCHOOL MODERN ECONOMIC EDUCATION MODERN ECONOMIC THE RUSSIAN FOR AND RESEARCH AND STATE BUSINESS SOCIETY, MISSION OF NES NES IS COMMITTED TO BUILDING A SUSTAINABLE ECONOMICS MODERN COMMUNITY CAPABLE OF PROMINENTLY REPRESENTING ECONOMIC RUSSIA IN THE GLOBAL ECONOMICS PROFESSION BY: EDUCATION training new academic economists AND RESEARCH producing globally competitive economics research FOR THE RUSSIAN bringing back foreign-trained Russian economists to work in Russia contributing to improving Russia’s public policy through both SOCIETY, graduate training in economic policy and applied research at its Center for Economic and Financial Research BUSINESS AND STATE NES VALUES PROFESSIONALISM RESPONSIBILITY MUTUAL RESPECT INTEGRITY NEW ECONOMIC SCHOOL RUBEN ENIKOLOPOV Rector of the New Economic School (NES alumnus, MAE’2002) “The New Economic School is a university with unique atmosphere that tunes to a lively and genuine interest in economics. I know this firsthand – after all, I myself once graduated from the School with a Master’s Degree. The fundamental knowledge that can be obtained at NES is also highly demanded in business. At present as the School Rector I can say that both I and the entire university governance are making and of course will make every effort to maintain a high level of education at NES, so that the School remains the leading educational institution of Russia and Eastern Europe”. 3 NEW ECONOMIC SCHOOL Alexander Fridman Don Patinkin Arkady Dvorkovich Barry Ickes Gur Ofer Zarema Kasabieva Valery Makarov Zvi Griliches Shlomo Weber Victor Polterovich Sergei Guriev Stanislav Anatolyev Maxim Boycko Alexei Goriaev Konstantin Sonin HISTORY Pavel Katyshev Oleg Zamulin Oleg Shibanov 4 HISTORY OF NES 1992 Establishment of the New Economic School.