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Which Institutions Encourage Entrepreneurs to Create Larger Firms?
Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - Institute for the Study of Labor (IZA) - 2011
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially...
Persistent link: https://www.econbiz.de/10008839291
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Can Water Pollution Policy Be Efficient?
Milliman, Jerome W. - In: Cato Journal 2 (1982) 1, pp. 165-204
In 1972 Congress established the Federal Water Pollution Control Act in which the Environmental Protection Agency was given responsibility to “restore and maintain the chemical, physical, and biological integrity of the nation’s waters.’’ Two national goals of...
Persistent link: https://www.econbiz.de/10011141228
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Competing for the Rental Value of Federal Land: The Assignment of Use Rights and Their Regulation
Libecap, Gary D. - In: Cato Journal 1 (1981) 2, pp. 391-404
Growth of the governmental regulation of economic activities since the depression is normally associated with industrial produc- tion.’ Indeed, pollution controls, work-safety requirements, and antitrust actions have recently been cited as contributing to declin- ing productivity and...
Persistent link: https://www.econbiz.de/10011141230
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Toward a Free Market in Forest Resources
Batten, Charles R. - In: Cato Journal 1 (1981) 2, pp. 501-517
conser- vation argue that resources must be conserved by government decree. Their position is based largely on a distrust of …
Persistent link: https://www.econbiz.de/10011141234
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The Myth of Neutral Taxation
Rothbard, Murray N. - In: Cato Journal 1 (1981) 2, pp. 519-564
, neutral to the market. Free-market economists have advocated such neutrality of government, and even economists favoring … redistributive actions by government have believed that the service activities and the re- distributive activities of government can … neutral government; the paper argues that all government activities necessari(y divert incomes, re- sources, and assets from …
Persistent link: https://www.econbiz.de/10011141242
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Pollution Externalities: Social Cost and Strict Liability
Lewin, Peter - In: Cato Journal 2 (1982) 1, pp. 205-229
This paper critically considers the neoclassical social-cost approach to problems of pollution. This traditional approach, when subjected to close scrutiny, is found to be seriously wanting in applicability and consistency. A less ambitious alternative based on notions of strict liability is...
Persistent link: https://www.econbiz.de/10010633438
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Legal Issues in Pollution-Engendered Torts
Best, Robert K.; Collins, James I. - In: Cato Journal 2 (1982) 1, pp. 101-136
The end ofWorld War II marked the birth of the modern chemical industry. From that time synthetic rubbers, fibers, and complex organohalogens have been produced in large commercial quan- tities, such that each member of modern society is exposed to chemicals of exotic physiocheniical activity....
Persistent link: https://www.econbiz.de/10010633441
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Public Goods andthe Theory of Government
Kalt, Joseph P. - In: Cato Journal 1 (1981) 2, pp. 565-584
Theeconomistisindeedinadifficultposition.Veryoftenheenters his profession motivated by a desire to in some way effect social reform, yet an intellectually honest and strict adherence to a wert- frei methodology often confines him to an ivory tower. The rigorous formulation and application of the...
Persistent link: https://www.econbiz.de/10010633454
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Law, Property Rights, and Air Pollution
Rothbard, Murray - In: Cato Journal 2 (1982) 1, pp. 55-99
Law is a set of commands; the principles of tort or criminal law, which we shall be dealing with, are negative commands or prohibi- tions, on the order of “thou shalt not†do actions, X, Y, or Z.1 In short, certain actions are considered wrong to such a degree that it is considered...
Persistent link: https://www.econbiz.de/10010633457
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Can Water Pollution Policy Be Efficient?
Milliman, Jerome W. - In: Cato Journal 2 (1982) 1, pp. 165-204
In 1972 Congress established the Federal Water Pollution Control Act in which the Environmental Protection Agency was given responsibility to “restore and maintain the chemical, physical, and biological integrity of the nation’s waters.’’ Two national goals of...
Persistent link: https://www.econbiz.de/10010633459