Traders, Cops and Robbers

We propose a simple model of trade outside the law preyed on by robbers and possiblyprotected by private cops. We establish the conditions for trade collapse, secure trade andinsecure trade. Endogenous predation and enforcement can explain both puzzling failures ofcommonly observed state policies against illegal trade and puzzlingly large trade responses toliberalization in licit goods.[...]

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Year of publication:	2005-07-19
Authors:	Anderson, James E.
Institutions:	Boston College / Department of Economics
Subject:	Handel \| trade \| Vollstreckung \| Kosten \| Illegalität \| illegal trade

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Extent:	393216 bytes 34 p. application/pdf
Type of publication:	Book / Working Paper
Language:	English
Classification:	F1 - Trade ; K42 - Illegal Behavior and the Enforcement of Law ; Specific management methods ; Study of commerce ; Business operations of other services ; Individual Reports, Studies ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005870996