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We analyze a unique data set detailing the financial activities of a drug-selling street gang on a monthly basis over a …, contain detailed information on both the sources of revenues (e.g. drug sales, extortion) and expenditrues (e.g. costs of … drugs sold, weapons, tribute to the central gang organization, wages paid to various levels of the gang). Street-level drug …
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About 1.4 million refugees and irregular migrants arrived in Europe in 2015 and 2016. We model how refugees and irregular migrants are self-selected. Using unique datasets from the International Organization for Migration and Gallup World Polls, we provide the first large-scale evidence on...
Persistent link: https://www.econbiz.de/10012864933
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10013232406
In 2004, the European Union admitted 10 new countries, and wages in these countries were generally well below the levels in the existing member countries. Citizens of these newly-admitted countries were subsequently free to take jobs anywhere in the EU, and many did so. In 2015, a large number...
Persistent link: https://www.econbiz.de/10012455632
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Why does illegal trade often flourish without formal enforcement, but sometimes fail? Why do illegal trade-reducing policies often fail? Why do States often appear to tolerate illegal trade? A model of trade with cops and robbers provides answers. `Safety in numbers' is a key element: the...
Persistent link: https://www.econbiz.de/10012469128
Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...
Persistent link: https://www.econbiz.de/10014337819