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This paper analyzes hooligans: rival football fans bent on brawling. It develops a simple theory of hooligans as rational agents. We model hooligans as persons who derive utility from conflict. Legal penalties for conflicting with non-hooligans drive hooligans to form a kind of ?fight club?...
Persistent link: https://www.econbiz.de/10010558483
The Global Financial Crisis is a unique investigation into the causes of the most savage economic downturn experienced since the Great Depression. Employing wide and divergent perspectives – which are themselves critically examined – this study analyses the measures that have been...
Persistent link: https://www.econbiz.de/10011176400
Purpose – The purpose of this paper is to analyze some of the unseen negative effects of the post-Katrina government policies dealing with housing in New Orleans. Design/methodology/approach – Since Hurricane Katrina, the government, along with private for profit and not-for-profit...
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Shleifer and Treisman (2005) argue that Russia is a “normal country.” Their benchmark for normalcy, however, refers primarily to middle-income countries like Mexico and Argentina. We propose that a more meaningful benchmark is the experience of other post-socialist transition countries,...
Persistent link: https://www.econbiz.de/10004967624
Is capitalism contagious? Since WWI, global foreign policy has treated economic freedom/repression like a virus that spreads between countries. Most recently, the ?domino theory? of freedom has played prominently in U.S. foreign policy toward Asia, Latin America, and the Caribbean during the...
Persistent link: https://www.econbiz.de/10004967642
Could bad weather be responsible for U.S. corruption? This paper argues that natural disasters create resource windfalls in the states they strike by triggering federally-provided natural disaster relief. Consistent with the theory that natural resource and foreign aid windfalls increase public...
Persistent link: https://www.econbiz.de/10004967650
To successfully coordinate natural disaster relief, society must solve Hayek’s “knowledge, problem” at three critical information nodes: (1) identification of disaster; (2) determination of what relief is needed and who needs which relief resources; and (3) evaluation of on-going relief...
Persistent link: https://www.econbiz.de/10004967660