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Are natural resources a “curse” or a “blessing”? The empirical evidence suggests either outcome is possible. The paper surveys a… Expand 1. Introduction.- 1.1 Background.- 1.2 Economics of Corruption.- 1.3 Research Questions and Outline.- 2. Economic Analysis of… Expand K42 is one of the few recent research projects that is examining operating system design structure issues in the context of new… Expand We examine the penalties imposed on the 585 firms targeted by SEC enforcement actions for financial misrepresentation from 1978… Expand An important challenge in the crime literature is to isolate causal effects of police on crime. Following a terrorist attack on… Expand We use data from 36 countries to examine how property rights affect loan spreads (over the London Interbank Offered Rate) in… Expand If management has high private benefits and owns a small equity stake, managers and workers are natural allies against a takeover… Expand This study uses panel data of intentional homicide and robbery rates for a sample of developed and developing countries for the… Expand We introduce the moonlighting game. Player A can take money from or pass money to player B, who can either return money or punish… Expand Across 69 countries, higher tax rates are associated with less unofficial activity as a percent of GDP but corruption is… Expand