O crime politico

Politico - Economic Equilibrium Andeconomic

Elections , Capital Flows , and Politico Economic Equilibria

We study an open economy where a pro labor and a pro business candidate compete in an election. The winner chooses taxes, which affect investment returns. Electoral outcomes depend on the size of the foreign debt, but the debt itself reflects expectations about the election. The resulting interaction is novel and has several implications. Elections are associated with increased volatility. Poli...

WORKING PAPERS A Dynamic Politico-Economic Model of Intergenerational Contracts

This paper proposes a dynamic politico-economic theory of intergenerational contracts, whose driving force is the intergenerational conflict over government spending. Embedding a repeated probabilistic voting setup in a standard OLG model with human capital accumulation, we find that the empowerment of elderly constituencies is key in order to enforce productive policies. The paper characterize...

Crime Places in Crime Theory

Criminologists and crime prevention practitioners are increasingly aware of the importance of places of crime. A place is a very small area, usually a street corner, address, building, or street segment. A focus on crime places contrasts with a focus on neighborhoods. Neighborhood theories usually highlight the development of offenders. while place level explanations emphasize crime events. Thr...

Is "White Collar Crime" Crime?