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From Wild West to the Godfather : Enforcement Market Structure
Anderson, James E.; Bandiera, Oriana - 2021
Weak states enable private enforcement but it does not always fade away in the presence of strong states. We develop a general equilibrium model of the market organization of enforcers (self-enforcers, competitive specialized enforcers or monopoly) who defend endowments from predators. We...
Persistent link: https://www.econbiz.de/10013215342
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Traders, Cops and Robbers
Anderson, James E.; Bandiera, Oriana - 2021
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/10013245087
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Organized Crime, Violence, and Politics
Alesina, Alberto F. - 2016
We investigate how criminal organizations strategically use violence to influence elections in order to get captured politicians elected. The model offers novel testable implications about the use of pre-electoral violence under different types of electoral systems and different degrees of...
Persistent link: https://www.econbiz.de/10012996383
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Hatred and Profits : Getting Under the Hood of the Ku Klux Klan
Fryer, Roland G. - 2010
The Ku Klux Klan reached its heyday in the mid-1920s, claiming millions of members. In this paper, we analyze the 1920s Klan, those who joined it, and the social and political impact that it had. We utilize a wide range of newly discovered data sources including information from Klan membership...
Persistent link: https://www.econbiz.de/10012759820
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Formal Employment and Organized Crime : Regression Discontinuity Evidence from Colombia
Khanna, Gaurav - 2019
Canonical models of crime emphasize economic incentives. Yet, causal evidence of sorting into criminal occupations in response to individual-level variation in incentives is limited. We link administrative socioeconomic microdata with the universe of arrests in Medellín over a decade. We...
Persistent link: https://www.econbiz.de/10012863694
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Weak States : Causes and Consequences of the Sicilian Mafia
Acemoglu, Daron - 2017
We document that the spread of the Mafia in Sicily at the end of the 19th century was in part shaped by the rise of socialist Peasant Fasci organizations. In an environment with weak state presence, this socialist threat triggered landholders, estate managers and local politicians to turn to the...
Persistent link: https://www.econbiz.de/10012941171
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Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
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Transition to FDI Openness : Reconciling Theory and Evidence
McGrattan, Ellen R. - 2011
conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data …
Persistent link: https://www.econbiz.de/10013130264
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Inflation Targeting
Svensson, Lars E. O. - 2011
-market economies. The chapter discusses the history, macroeconomic effects, theory, practice, and future of inflation targeting …
Persistent link: https://www.econbiz.de/10013131986
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Unilateral Tariff Liberalisation
Baldwin, Richard - 2010
strives to partly redress this lacuna on the theory side by introducing three novel political economy mechanisms with …
Persistent link: https://www.econbiz.de/10013135235