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Using a unique conjoint data set drawn from 281 college students in Hong Kong. I estimate a random-coefficient discrete choice demand system for Microsoft Office from legal and various illegal sources. Counterfactual results show two things. First, most students would switch to Internet piracy...
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economics of crime literature, this paper analyzes whether chain gangs reduced road maintenance costs. Using a fixed …
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The empirical literature testing the economic theory of crime has extensively studied the relative importance of the …
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