When there are two groups of officials in a public organization, we show that depending on the groups' behavior - collusive or competitive - increasing the level of monitoring and punishment may have different impacts on corruption. If the two groups of public officials had been demonstrating...

We consider an economy with a tax on all labor earnings. We discover that a slightly binding minimum wage on one sector can enhance efficiency. The minimum wage attracts high-reservation wage workers into the minimum-wage sector. If the labor demand curve in the free sector is quite flat, the...

For the steel import quota bill of 1999, each word in the Congressional Record costs $39 in campaign contributions from the steel industry. Consequently, our answer is "Yes, talk is cheap!"

Cyprus is a divided island. Despite the lack of a comprehensive peace agreement reunifying the country, in 2004 trade commenced across the Green Line that separates the Greek and Turkish Cypriot communities. The volume of trade has grown steadily since, but has it reached its full potential?...

This study empirically explores the following issue: Does corruption fuel conspicuous consumption? It examines the existence and magnitude of any potential corruption-effect on conspicuous consumption expenditure. Regression analyses of an unbalanced panel data for 20 OECD countries between 2004...

In addition to legal constraints and social-psychological barriers, in a post-conflict setting mutually beneficial economic transactions might not occur due to the widening gap between the health, quality, and environmental standards of the parties. A lack of incentives during the years of...

We examine every TDS Bill introduced by the House of Representatives and approved by the U.S. International Trade Commission in the last six years. The significant relationship between these bills and campaign contributions coupled with the personal characteristics of proponents and sponsors...

The percentage of Protestants 100 years ago has a more significant impact on today's level of corruption than the current percentage of Protestants within a country. This supports Williamson [Williamson, O.E., 2000. The new institutional economics: taking stock, looking ahead, Journal of...