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This paper develops a model of the war against illegal drugs in both producer and consumer countries. The paper studies the trade-off faced by the government of the drug consumer country between prevention policies (aimed at reducing the demand for drugs) and enforcement policies (aimed at...
Persistent link: https://www.econbiz.de/10010264484
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a …?). Thus, conflict is viewed as ultimately stemming from imperfect property-rights enforcement. When comparing autarky with … conflict. We find that importers of the contested resource gain unambiguously. By contrast, countries exporting the contested …
Persistent link: https://www.econbiz.de/10010261309
This paper develops a model of the war against illegal drugs in both producer and consumer countries. The paper studies the trade-off faced by the government of the drug consumer country between prevention policies (aimed at reducing the demand for drugs) and enforcement policies (aimed at...
Persistent link: https://www.econbiz.de/10005405900
This paper develops a simple model of the war against illegal drugs in producer and consumer countries. Our analysis shows how the equilibrium quantity of illegal drugs, as well as their price, depends on key parameters of the model, among them the price elasticity of demand, and the...
Persistent link: https://www.econbiz.de/10008838957
Institutions are usually defined as rules of the game. But if rules are dead letters without being enforced, then what is the role of destructive power in the genesis of institutions? This is the first question which will be addressed in the present paper. While the importance of incremental or...
Persistent link: https://www.econbiz.de/10005619541
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a …”). Thus, conflict is viewed as ultimately stemming from imperfect property-rights enforcement. When comparing autarky with … conflict. We find that importers of the contested resource gain unambiguously. By contrast, countries exporting the contested …
Persistent link: https://www.econbiz.de/10005196293
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a …'). Thus, conflict is viewed as ultimately stemming from imperfect property-rights enforcement. When comparing autarky with … conflict. We find that importers of the contested resource gain unambiguously. By contrast, exporters of the contested resource …
Persistent link: https://www.econbiz.de/10005408071
We study a general equilibrium model in which entrepreneurs finance investment with optimal financial contracts. Because of enforceability problems, contracts are constrained efficient. We show that limited enforceability amplifies the impact of technological innovations on aggregate output....
Persistent link: https://www.econbiz.de/10005772132
Immigration control-related audits and their resulting sanctions are not solely determined by impartial enforcement of laws and regulations. They are also determined by the incentives faced by vote-maximizing congressmen, agents acting on their behalf, and workers likely to compete with...
Persistent link: https://www.econbiz.de/10010281920
Immigration control-related audits and their resulting sanctions are not solely determined by impartial enforcement of laws and regulations. They are also determined by the incentives faced by vote-maximizing congressmen, agents acting on their behalf, and workers likely to compete with...
Persistent link: https://www.econbiz.de/10010544181