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Why do criminals use constitutions? This paper argues that constitutions perform three critical functions in criminal organizations. First, criminal constitutions promote consensus by creating common knowledge among criminals about what the organization expects of them and what they can expect...
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How can people who lack access to effective government institutions establish property rights and facilitate exchange? The illegal narcotics trade in Los Angeles has flourished despite its inability to rely on state-based formal institutions of governance. An alternative system of governance has...
Persistent link: https://www.econbiz.de/10014162126
Why does prison social order vary around the world? While many of the basic characteristics of prisons are similar globally, the extent and form of informal inmate organization varies substantially. This paper develops a governance theory of prison social order. Inmates create extralegal...
Persistent link: https://www.econbiz.de/10012969455
This article first reviews Professor Rapp's conclusion that economic arguments offer a decidedly negative view of anti-gouging laws. It then analyzes and critiques Professor Rapp's economic defense of such regulations by (1) applying a standard economic concept - elasticity - and highlighting...
Persistent link: https://www.econbiz.de/10013122180
Foreign aid's advocates claim aid has been successful. Aid's critics claim aid has failed. We explain why both camps are correct. Aid can, and in a few cases has, increased a particular output by devoting more resources to its production. In this sense, aid has occasionally had limited success....
Persistent link: https://www.econbiz.de/10013156928
Foreign aid's advocates claim aid has been successful. Aid's critics claim aid has failed. We explain why both camps are correct. Aid can, and in a few cases has, increased a particular output by devoting more resources to its production. In this sense, aid has occasionally had limited success....
Persistent link: https://www.econbiz.de/10013082368