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"This paper demonstrates that levels of entrepreneurship can be greatly affected by the general policy environment. Using a state-level panel, we estimate the effects of several policy variables on rates of entrepreneurship and find that bankruptcy exemptions, corporate tax rates, and the level...
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We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of rules for validating transactions in blockchains, creates an industrial ecosystem with specialized suppliers of goods and services. We analyze the two-way interactions between...
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have been made over how to allocate and use resource revenues. [...] The Government of Papua New Guinea has increased the …-level government so that the provision of services at the District level, where most people live, can be improved. It has also recently … children and women, resources companies, international agencies, NGOs and government representatives. If all major players …
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