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, theory even predicts that strategic interaction forces firms to set the market clearing price. For society, this would be …
Persistent link: https://www.econbiz.de/10003877116
of local crime rates on financing commitments for infrastructure projects. We test the propositions of this framework … higher crime is associated with higher government underpayment for infrastructure projects. We also find that the closer an … infrastructure project is located to urban centres, the higher the returns to crime relative to the costs faced by the criminals …
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Providing public goods is hard, because providers are best off free-riding. Is it even harder if one group's public good is a public bad for another group or, conversely, gives the latter a windfall profit? We experimentally study public goods provision embedded in a social context and find that...
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, theory even predicts that strategic interaction forces firms to set the market clearing price. For society, this would be …
Persistent link: https://www.econbiz.de/10014205721
attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …
Persistent link: https://www.econbiz.de/10014054223