Free Market Institute at Texas Tech University Research Paper Series最新文献

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The Shining Path of Peru: An Organizational Theory for Conflict 秘鲁的光辉道路:冲突的组织理论
Free Market Institute at Texas Tech University Research Paper Series Pub Date : 2021-10-01 DOI: 10.2139/ssrn.3941380
Edwar E. Escalante
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引用次数: 0
Bribe-Switching Bribe-Switching
Free Market Institute at Texas Tech University Research Paper Series Pub Date : 2021-05-10 DOI: 10.2139/ssrn.3843425
Desiree A. Desierto, Jamie Bologna Pavlik
{"title":"Bribe-Switching","authors":"Desiree A. Desierto, Jamie Bologna Pavlik","doi":"10.2139/ssrn.3843425","DOIUrl":"https://doi.org/10.2139/ssrn.3843425","url":null,"abstract":"The Foreign Corrupt Practices Act (FCPA) prohibits US firms from paying bribes to foreign public officials. We show that FCPA enforcement has no positive effect on the GDP per capita of the countries of these officials but, rather, increases their countries’ shadow economy. When public officials take bribes both from legal and illegal markets, corruption enforcement in legal markets induces them to make up for lost rents by taking more bribes from illegal markets. In equilibrium, they enforce less against illegal producers, thereby increasing the size of illegal markets. We find that one case of FCPA enforcement alone increases the shadow economy by as much as 0.25 percentage point (pp), homicide rates by 0.02 pp, and trade misinvoicing by 0.5 pp.","PeriodicalId":348474,"journal":{"name":"Free Market Institute at Texas Tech University Research Paper Series","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122679755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Crawling towards Weber? Mexican State Capacity in the 19th Century 爬向韦伯?19世纪墨西哥的国家能力
Free Market Institute at Texas Tech University Research Paper Series Pub Date : 2020-07-01 DOI: 10.2139/ssrn.3940700
Robin M. Grier
{"title":"Crawling towards Weber? Mexican State Capacity in the 19th Century","authors":"Robin M. Grier","doi":"10.2139/ssrn.3940700","DOIUrl":"https://doi.org/10.2139/ssrn.3940700","url":null,"abstract":"I examine 19th century Mexico for a better understanding of how and why it was so difficult to create the institutions of a modern state. I show that Mexico suffered from a vicious cycle in that period, something that is probably common to many developing countries, in that they needed a large army in order to create a monopoly on violence, but they did not have the money to fund such an institution. The chronic lack of funding led to a situation where the country was littered with roving bandits, and the central government had little ability to stop the constant revolts and banditry that prevailed. It was not until the late 19th century that the government was finally able to create a centralized police force and the beginnings of centralized, state control.","PeriodicalId":348474,"journal":{"name":"Free Market Institute at Texas Tech University Research Paper Series","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122425535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Democracy, Dictatorship, and the Monetary Commons 民主、独裁和货币公地
Free Market Institute at Texas Tech University Research Paper Series Pub Date : 1900-01-01 DOI: 10.2139/ssrn.3934048
Bryan P. Cutsinger, L. Rouanet
{"title":"Democracy, Dictatorship, and the Monetary Commons","authors":"Bryan P. Cutsinger, L. Rouanet","doi":"10.2139/ssrn.3934048","DOIUrl":"https://doi.org/10.2139/ssrn.3934048","url":null,"abstract":"In this paper, we analyze the e ect that alternative decision-making structures have on equilibrium in ation rates. Our analysis considers four scenarios: strong dictatorship, weak dictatorship, strong democracy and weak democracy. Each scenario implies different ownership structures over the real value of the money stock, which we treat as a common pool resource. We find that the equilibrium inflation rate that emerges under strong dictatorship and strong democracy is consistent with the revenue-maximizing rate, while the rate that emerges under weak dictatorship or weak democracy exceeds the revenue-maximizing rate. In other words, when political property rights over the real value of the money stock are ill-defined, there is a tragedy of the monetary commons. Our analysis explains why inflation rates are lower in more democratic countries and those that experience lower bouts of political instability.","PeriodicalId":348474,"journal":{"name":"Free Market Institute at Texas Tech University Research Paper Series","volume":"108 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115485852","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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