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Is Corruption in China 'Out of Control'? A Comparison with the U.S. In Historical Perspective

Ramirez, Carlos D. - 2012

This paper compares corruption in China over the past 15 years with corruption in the U.S. between 1870 and 1930 …, periods that are roughly comparable in terms of real income per capita. Corruption indicators for both countries and both … periods are constructed by tracking corruption news in prominent U.S. newspapers. Several robustness checks confirm the …

Persistent link: https://www.econbiz.de/10013097049

Corruption Scrutiny and Corporate Investment : Evidence from China

Ramirez, Carlos D. - 2015

We examine whether corporate corruption scrutiny affects corporate investment in China. A corruption news index (CNI …) containing firm-specific measures of corruption scrutiny is developed by tracking all articles in the press about corruption for …

Persistent link: https://www.econbiz.de/10013024807

Why Local Governments Do Not Maximize Profits : On the Value Added by the Representative Institutions of Town and City Governance

Congleton, Roger D. - 2011

This paper provides an explanation for the lack of profit-maximizing governments and for widespread use of more or less representative forms of local governance based on economic, rather than political, considerations. The analytical part of the paper suggests that profit-maximizing governments...

Persistent link: https://www.econbiz.de/10014185773

Institutionalized Bailouts and Fiscal Policy : Consequences of Soft Budget Constraints

Fink, Alexander; Stratmann, Thomas - 2013

States have soft budget constraints when they can expect a bailout by the federal government in the event of a financial crisis. This gives rise to incentives for unsound state fiscal policy. We test whether states with softer budget constraints have higher debts and deficits, receive more...

Persistent link: https://www.econbiz.de/10014200345

The Relevance of the Municipality Debate for the Solution of Collective Action Problems

Boettke, Peter J.; Lemke, Jayme S.; Palagashvili, Liya - 2017

Elinor Ostrom and her colleagues in The Workshop in Political Theory and Policy Analysis at Indiana University in Bloomington conducted fieldwork in metropolitan police departments across the United States. They found that small police departments with a high degree of community involvement were...

Persistent link: https://www.econbiz.de/10014163803

New Thinking in Austrian Economics

Boettke, Peter J.; Coyne, Christopher J. - 2023

This paper discusses the unique features of Austrian economics and some of the recent contributions of this school of thought. We organize these contributions in different research “buckets” in the hope that this will be a useful guide to readers while demonstrating the ongoing relevance of...

Persistent link: https://www.econbiz.de/10014260541

Municipal Corporations, Economic Calculation, and Political Pricing : Exploring a Theoretical Antimony

Wagner, Richard E. - 2011

This paper explores a possible path toward dissolving an antinomy within political economy: market order is treated as emergent and spontaneous while political order is treated as planned. This paper pursues a path that seeks to locate the entire social order as emergent and spontaneous. Where a...

Persistent link: https://www.econbiz.de/10014186463

Patience, Cognitive Skill and Coordination in the Repeated Stag Hunt

Al-Ubaydli, Omar - 2011

Coordination games have become a critical tool of analysis in fields such as development and institutional economics. Understanding behavior in coordination games is an important step towards understanding the differing success of teams, firms and nations. This paper investigates the...

Persistent link: https://www.econbiz.de/10013129957

Two Systems of Public Finance : Entrepreneurial and Parasitical

Hanke, Steve H. - 2012

Expositions of the theory of public finance mostly assume that taxation must be the primary instrument for generating revenue. This assumption is neither historically accurate nor theoretically necessary. Rather, it universalizes an institutional arrangement that is particular to the...

Persistent link: https://www.econbiz.de/10013103584

Virginia Political Economy, Rationally Reconstructed

Wagner, Richard E. - 2013

The idea of an identifiable school of thought denoted as Virginia political economy was in play at least as early as 1963, and it is reasonable to conclude that this identifier began to take shape some years earlier. It is common though not universal to identify a school of thought...

Persistent link: https://www.econbiz.de/10013085689