A key issue in the debate over gun control is how it will affectthe relative incentives of criminals and law-abiding citizens to acquireguns. We propose a simple model of interaction of criminals and law-abiding citizens as a contest where the parties arm themselves in orderto improve their...

We present a simple theory of the quality (competence and honesty) of elected officials. Our theoryoffers three main insights. Low-quality citizens have a ‘comparative advantage’ in pursuing electiveoffice, because their market wages are lower than those of high-quality citizens...