This paper presents the results of the Mercatus Center's Small Bank Survey, which include responses from approximately 200 banks across 41 states with less than $10 billion in assets each, serving mostly rural and small metropolitan markets. The initial analysis suggests that Dodd-Frank...

Building on theoretical and empirical literatures showing that choices not only reflect but also create preferences, we develop a two-stage incentivized intervention to promote pro-sociality. In the first stage, participants are incentivized to complete a compound task consisting of a targeted...

We exploit local deficits and state-level differences in police revenue retention from civil asset forfeitures to estimate how incentives to raise revenue influence policing. In a national sample, we find that local fine and forfeiture revenue increases at a faster rate with drug arrests than...

The economic analysis of taxation contains two disparate strands of theorizing. One strand is a scientific strand that seeks to explain the rhyme and reason of the pattern of taxation that governments create. The other strand is a normative or exhortatory strand that seeks to instruct...

Research has found that negative liquidity shocks contract bank lending and amplify economic downturns. This paper investigates a reverse scenario — the effects of a flooding of liquidity on financial markets, using the case of Puerto Rico as a quasi-natural experiment. The U.S. Tax Reform Act...

Economists necessarily use models in thinking about their material because there is no alternative given the complexity of the material we face. But through what kinds of models might we use to theorize about the problem of governance? There is a choice between theoretical frameworks in this...

Prevailing ideology holds that democracy is a system of government where people govern themselves. This ideology clashes with the unavoidable recognition that in any but small towns and villages governance is an activity wherein a few govern and the many are governed. This situation is an...

Non-violent action entails exerting power to bring about change through means which avoid the use of physical force. Examples include protests, boycotts, civil disobedience, and non-cooperation, among others. Although it is possible for a single individual to engage in non-violence, larger-scale...

This paper uses subjects recruited from an online employment exchange to study the robustness of the triadic trust design with a different subject pool. In running our experiments we tried to take advantage of the cost reducing features of the micro-employment culture found on Amazon's...

Gene Sharp, a political scientist best known for his work on nonviolent action, passed away on January 28, 2018. Sharp leaves a lasting impact on academia, practitioners of nonviolent action, and societies who have used his methods to create political and social change. Sharp developed a...