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that could protect surplus ("security"). But the joint achievement of security and prosperity had to escape a paradox … conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous …. Some economic shocks and military innovations deliver security and prosperity while others force societies back into a trap …
Persistent link: https://www.econbiz.de/10012456842
We develop a theoretical model of security investments in a network of interconnected agents. Network connections … introduce the possibility of cascading failures due to an exogenous or endogenous attack depending on the profile of security … networks, is that because security investments create positive externalities on other agents, there will be underinvestment in …
Persistent link: https://www.econbiz.de/10012459488
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/10012460525
We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an overall catch quota to a voluntary cooperative, with the...
Persistent link: https://www.econbiz.de/10012462317
Using data from the National Basketball Association (NBA), we examine whether patterns of workplace cooperation occur … levels of interracial cooperation can occur in a setting where workers are operating in a highly visible setting with strong …
Persistent link: https://www.econbiz.de/10012463898
We characterize the evolution over time of a network of credit relations among financial agents as a system of coupled stochastic processes. Each process describes the dynamics of individual financial robustness, while the coupling results from a network of liabilities among agents. The average...
Persistent link: https://www.econbiz.de/10012463991
To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation …
Persistent link: https://www.econbiz.de/10012464934
Several authors suggest that trust is an important determinant of cooperation between strangers in a society, and … therefore of performance of social institutions. We argue that trust should be particularly important for the performance of … professional societies, importance of large firms, and the performance of social institutions more generally supports this …
Persistent link: https://www.econbiz.de/10012472964
Improving the efficiency of tax collection is important for development and fairness purposes. I study the Audit Exchange Information Agreements, which are agreements between the states and the U.S. federal government to exchange information about income tax audit plans and techniques, signed...
Persistent link: https://www.econbiz.de/10012453560
Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012453864