We present a theoretical model postulating that the relationship between crime and governance is "hump-shaped" rather than linearly decreasing. State failure, anarchy and a lack of infrastructure are not conducive for the establishment of any business. This includes illegal businesses, as...

"Je besser ein Land regiert wird, umso niedriger ist die Kriminalität dort." Diese weit verbreitete Ansicht wird hier am Beispiel der Piraterie hinterfragt. Wir zeigen, dass optimale Bedingungen für Piraterie in den Ländern bestehen, in denen Infrastruktur und Märkte ausreichend entwickelt...

We present a theoretical model postulating that the relationship between crime and governance is “hump-shaped”, rather than linearly decreasing, when criminals need access to markets. State collapse, violent conflict and a lack of infrastructure are not conducive for the establishment of any...

We present a theoretical model postulating that the relationship between crime and governance is "hump-shaped" rather than linearly decreasing. State failure, anarchy and a lack of infrastructure are not conducive for the establishment of any business. This includes illegal businesses, as...

"Je besser ein Land regiert wird, umso niedriger ist die Kriminalität dort." Diese weit verbreitete Ansicht wird hier am Beispiel der Piraterie hinterfragt. Wir zeigen, dass optimale Bedingungen für Piraterie in den Ländern bestehen, in denen Infrastruktur und Märkte ausreichend entwickelt...

What determines the direction of spread of currency crises? We examine data on waves of currency crises in 1992, 1994, 1997, and 1998 to evaluate several hypotheses on the determinants of contagion. We simultaneously consider trade competition, financial links, and institutional similarity to...