This policy comment analyzes the risks and issues that might arise from the legal regulation of illegal narcotic and … corruption-sensitive institutions. We discuss the need to implement regulatory models that minimize the risk of diversion and … regulation stakeholders and the influence of their interactions on regulation outcomes. Importantly, we look at the integration …

The purpose of this paper is to nuance the widely held view that well-functioning institutions are the ultimate … institutions have in serving the economic status quo, conserving old habits and incumbent economic interests. Therefore, existing … institutions often act as impediments to entrepreneurship and innovation. We argue that a common yet underappreciated source of …