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In late 2013, the Japanese Supreme Court voided inheritance rules giving non-marital children half the shares of their marital half-siblings. To punish children for the sins of their parents, it explained, violated the equal protection clause of the Constitution. Like the stigma that most...
Persistent link: https://www.econbiz.de/10013013762
Verifiable proxies for social capital potentially provide an empirically tractable way to identify environments where social norms both constrain behavior and substitute for judicial enforcement. Using regression and factor analysis with Japanese prefecture-level data, I explore several aspects...
Persistent link: https://www.econbiz.de/10014146431
Nuclear reactors entail massive non-transferrable site-specific investments. The resulting appropriable quasi-rents offer the mob the ideal target. In exchange for large fees, it can either promise to "protect" the utility (and silence the reactor's local opponents) or "extort" from it (and...
Persistent link: https://www.econbiz.de/10014136767