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Many economic transactions are prohibited—even in the absence of health or safety concerns or negative externalities—because of ethical concerns that cause these exchanges to be perceived as “repugnant” if conducted through a market. Establishing a system of payments for human organs is...
Persistent link: https://www.econbiz.de/10011123650
This study analyses the impact of political connections on the operational performance of non-financial firms in Poland. Using a data set covering the 2001–2011 period, we find that political connections lower firm profitability, as measured on the level of income from sales. The negative...
Persistent link: https://www.econbiz.de/10011056994
The strength of the United Kingdom’s central finance agency (H.M. Treasury) has been attributed to its broad and powerful influence on policy issues; the high intellectual standards of its staff; the relatively clear division between the “official” treasury and the political level; and the...
Persistent link: https://www.econbiz.de/10011007549
Current education reform proposals involve improving educational outcomes through forms of market-based competition and expanded parental choice. In this paper, we explore the impact of choice through open enrollment within the Chicago Public Schools (CPS). Roughly half of the students within...
Persistent link: https://www.econbiz.de/10005084810
This paper analyzes corruption as a collusive act which requires the participation of two willing partners. An agent intending to engage in a corrupt act must search for a like-minded partner. When many people in the economy are corrupt, such a search is more likely to be fruitful. Thus when an...
Persistent link: https://www.econbiz.de/10005086813
. The State and the Market are imperfect institutions. Nonetheless, both of them have been idealized by their strongest … supporters. Consequently, demands on the State and the Market have been much stronger than these institutions could reasonably … provide. Also, the economists have used for a long time to look at the relationship between state and market as if they were …
Persistent link: https://www.econbiz.de/10005690274
This paper aims to provide a swift tour of the economic issues presented by vouchers and thus to fill an apparent gap in the literature for a basic survey of the subject. Among the issues it considers are: factors determining a voucher's cash-equivalence; reasons (such as paternalism,...
Persistent link: https://www.econbiz.de/10005830891