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Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto

Nuri, Vladimir Z. - EconWPA - 2002

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

Persistent link: https://www.econbiz.de/10005126382

The Transition to a Market Economy in Russia: Property Rights, Mass Privatization and Stabilization

Feige, Edgar L. - EconWPA - 2003

The Soviet Union and the nations of Eastern Europe are undergoing a historically unprecedented restructuring as they move inexorably from centrally planned economies toward market economies. This historic transition must be guided by a coherent set of stabilization policies to reduce the threat...

Persistent link: https://www.econbiz.de/10005118685

PERESTROIKA AND SOCIALIST PRIVATIZATION: WHAT IS TO BE DONE? AND HOW?

Feige, Edgar L. - EconWPA - 2003

This paper examines the question of whether a communist nation, characterized by state ownership of the means of production and a centrally planned command system of allocation can be transformed into an efficient market oriented economy without fully compromising the socialist ideals of an...

Persistent link: https://www.econbiz.de/10005118763

Pushing the Prize Up, A Few Notes on Al-Qaeda's Reward Structure and the choice of Casualties

Caruso, Raul; Locatelli, Andrea - EconWPA - 2005

The article aims at suggesting possible conjectures on Al-Qaeda's logic and structure. Even if the organization's secrecy makes any empirical evidence difficult to find, some insight can be provided by economic theory of contests: in this terms, Al-Qaeda can be acknowledged like an agent...

Persistent link: https://www.econbiz.de/10005408420

A Very Simple Model of Conflict with Asymmetric Evaluations and Institutional Constraint

Caruso, Raul - EconWPA - 2005

This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … conflict in order to appropriate a positive fraction of a stake. An institutional constraint is modelled through an exogenously … conflicting agents are willing to commit themselves to ease the conflict joining an institutional setting they do not ‘disarm …

Persistent link: https://www.econbiz.de/10005408438

Antitrust Policy: A Century of Economic and Legal Thinking

Kovacic, William E.; Shapiro, Carl - EconWPA - 2003

Passage of the Sherman Act in the United States in 1890 set the stage for a century of jurisprudence regarding monopoly, cartels, and oligopoly. Among American statutes that regulate commerce, the Sherman Act is unequaled in its generality. The Act outlawed "every contract, combination or...

Persistent link: https://www.econbiz.de/10005126062

Estimating the Quality of Economic Governance: A Cross-Country Analysis

Basu, Sudip Ranjan - EconWPA - 2005

This paper proposes a methodology to combine different dimensions of economic governance into a combined index. The quality of economic governance index (QEGI) is estimated as the weighted average of principal components of the standardised economic governance indicators, where weights are...

Persistent link: https://www.econbiz.de/10005407926

Ultimatums and Tantrums: A Resource Sharing Experiment

Janmaat, John - EconWPA - 2005

The ultimatum game experiment has a long history in experimental economics. In-vivo ultimatum like strategic settings often involve uncertain rejection and payoff reversals. This paper presents the results of an ultimatum like experiment extended to reflect characteristics of a shared...

Persistent link: https://www.econbiz.de/10005408212

Government Policies toward Information and Communication

Willmore, Larry - EconWPA - 2004

The development of what one might call 'modern' systems of information and communication began with the Gutenberg printing press in the 15th century, and progressed through the prepaid postal system, electric telegraph and telephone in the 19th century, radio and television broadcasting in the...

Persistent link: https://www.econbiz.de/10005408391

All that Glitters: Precious Metals, Rent Seeking and the Decline of Spain

Drelichman, Mauricio - EconWPA - 2004

The windfall acquisition of precious metals from American mines and the military revolution of the Early Modern age allowed the Spanish monarchs to command large amounts of credit andpursue an expansive imperial policy unlike that of any other Early Modern nation; when the costof the Empire...

Persistent link: https://www.econbiz.de/10005556873

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