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Persistent link: https://www.econbiz.de/10014546177
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
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/10012470249
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/10012456581
In September 1997, the anti-obesity drugs Pondimin and Redux, ingredients in the popular drug combination fen … how consumers respond to drug withdrawals. In theory, remaining drugs in the therapeutic class could enjoy competitive … benefits, or suffer negative spillovers, from the withdrawal of a competing drug. Our findings suggest that, while the …
Persistent link: https://www.econbiz.de/10012467462
This paper presents a model of prosecutors' decision-making processes in which prosecutors (both federal and state) internalize some of the benefits of reducing crime, but also care about developing their own human capital. Since U.S. attorneys make their decision first, they have the...
Persistent link: https://www.econbiz.de/10012472209
By the end of 1991, Czechoslovakia, Hungary and Poland have achieved a substantial degree of openness to foreign trade. In all three countries, trade is now de-monopolized and licensing and quotas playa very small role. Exchange controls have virtually disappeared for current-account...
Persistent link: https://www.econbiz.de/10012474915
This paper identifies obstacles hindering the transformation of centrally-planned economies (CPEs) into well-functioning market economies. The analysis is motivated by the recent experience with economic transformation and restructuring in Eastern Europe and the U.S.S.R. The economic system in...
Persistent link: https://www.econbiz.de/10012475224
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