The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...

This paper reviews studies that attempt to measure empirically, revenue gains from tax harmonisation. Three groups of studies emerge, those that use cross-country regression, partial equilibrium analysis, and applied general-equilibrium (CGE) models—they all suggest (explicitly or implicitly)...

The central purpose of this paper is to introduce a new political economy explanation to modern Social Security Systems. This approach is based on the Single-Mindedness Theory (SMT), which assumes that the more single-minded groups are able to exert a greater power of influence on Governments...

This work intends to specify a formula for the optimal taxation in Probabilistic Voting Models with Single Mindedness Theory. The goal is to find an equivalent expression to the Ramsey’s rule for a political economy environment where Governments are assumed to be Leviathans rather than...

In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...

In this paper I will exploit answers coming from the British Election Study in order to assess the validity of the Single Mindedness Theory. In particular, I will evaluate whether political preferences of voters for political candidates depend on their age and some other characteristics such as...

This empirical note finds that nonwhite migration is positively and significantly affected by welfare levels and that welfare levels in turn are positively and significantly affected by nonwhite migration. Thus, this two stage least squares analysis of 1960-1970 net interstate migration lends...

This study provides a preliminary empirical investigation as to whether black-consumer voters were attracted by the prospect of higher AFDC benefits as they made interstate migration decisions over the 1970-75 time period. Unlike most previous studies, there was no compelling evidence of such a...

This empirical note reformulates a model for testing the hypothesis that migration of the poor and welfare levels are bi-directionally related. After correcting for co-linearity in a previous model, the new model yields two-stage least squares estimates that affirm the hypothesis once again.

This study hypothesizes that welfare benefit levels constitute an alternative source of income to property crime. Consequently, higher welfare levels should at the margin reduce the attractiveness of perpetrating property crime. Evidence from the largest metropolitan areas in the United States...