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Gary Becker and George Stigler advocate the privatization of law enforcement. In the present article, we explore the idea … enforcement. The model predicts the level of enforcement and the number of offenses that would occur in a world of exclusively … blackmail and bribery. The positive implications of the model appear to be consistent with observations of the real world …
Persistent link: https://www.econbiz.de/10013243963
Does the lack of international copyrights benefit or harm developing countries? I examine the effects of U.S. copyright piracy during a period when the U.S. was itself a developing country. U.S. statutes since 1790 protected the copyrights of American citizens, but until 1891 deemed the works of...
Persistent link: https://www.econbiz.de/10013218341
In 1997, France Tsbquo;lsbquo;com, the state-owned French telephone company, went through a partial privatization. The …
Persistent link: https://www.econbiz.de/10012763327
Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this quot;make-or-buyquot; choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a...
Persistent link: https://www.econbiz.de/10012759893
government employees and contracting out to private suppliers, also known as privatization. We examine empirically how United … laws restricting county spending encourage privatization, whereas strong public unions discourage it. The evidence is … by political patronage and taxpayer resistance to government spending in the privatization decision …
Persistent link: https://www.econbiz.de/10013222637
The controversies surrounding gun control policies have recently moved to the forefront of public's attention in the United States and elsewhere. Since 2005, eighteen states in the United States have passed laws extending the right to self-defense with no duty to retreat to any place a person...
Persistent link: https://www.econbiz.de/10013104721
From 2000 to 2010, more than 20 states passed laws that make it easier to use lethal force in self-defense. Elements of these laws include removing the duty to retreat in places outside of one's home, adding a presumption of reasonable belief of imminent harm, and removing civil liability for...
Persistent link: https://www.econbiz.de/10013105463
The efficiency of common law rules is central to achieving efficient resource allocation in a market economy. While many theories suggest reasons why judge-made law should tend toward efficient rules, the question whether the common law actually does converge in commercial areas has remained...
Persistent link: https://www.econbiz.de/10012772379
In this essay, we discuss empirical research on the economic effects of the civil justice system. We discuss research on the effects of three substantive bodies of law- contracts, torts, and property- and research on the effects of the litigation process. We begin with a review of studies of...
Persistent link: https://www.econbiz.de/10013249376
This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world …
Persistent link: https://www.econbiz.de/10012963762