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A dynamic general equilibrium model of larceny – or property crime – is presented in which both economic conditions and government policies affect the commission calculus. The model provides a behavioral framework that is used to estimate the effects of government policies on the commission...
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This essay uses a political economy model to study the relationship between urbanisation and demographic change in China. The model identifies political stability and government capacity as two crucial factors that shape family decisions regarding the number of children. As population growth and...
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A formal dynamic theory of the transition from a developing autocracy to democracy is presented in the context of a heterogeneous agent general equilibrium growth model. The theory shows that the primary determinants affecting the timing of democratic transitions are per capita income, the...
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