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Article

The new comparative economics

Simeon Djankov; Edward Glaeser; Rafael La Porta; Florencio Lopez-de-Silanes; Andrei Shleifer · Journal of Comparative Economics 31(4), 595–619 · 2003

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Type: Article
Author: Simeon Djankov; Edward Glaeser; Rafael La Porta; Florencio Lopez-de-Silanes; Andrei Shleifer
Identifier: DOI 10.1016/j.jce.2003.08.005
Accessed: 2026-09-01

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TheoryThe 'new comparative economics' of Djankov, Glaeser, La Porta, Lopez-de-Silanes and Shleifer (2003) frames institutional choice as a trade-off between the social costs of disorder (private expropriation) and of dictatorship (expropriation by the state).