We study contestability in non-profit markets when non-commercial providers supply a homogeneous collective good through increasing-returns-to-scale technologies. Unlike in the case of for-profit competition, in the non-profit case the absence of price-based sales contracts means that fixed...

This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...

Human societies of all kinds solve a problem of order. That is what differentiates them from sets of isolated individuals. The problem may be solved in various ways: in particular, some societies possess a state which provides order, while others are stateless. However, the existence of a state...