Police and Crime Against Firms in Developing Economies

Heterogeneous Multinational Firms and Investment Liberalization in Developing Economies

As developing economies have increasingly implemented investment liberalization to attract foreign investment, its impact on multinational firms is a crucial policy question. This paper seeks to quantify the response of individual multinational firms to a reduction in investment costs in developing countries. Calibrating the firm-heterogeneity model of Eaton, Kortum, and Kramarz (2011) to match...

Police Patrols and Crime∗

An influential literature has used the aftermath of terrorist attacks to estimate large effects of police street deployment on crime. However, the elasticities obtained in these settings may not easily extrapolate to more standard circumstances. This paper exploits a natural experiment that aimed to increase police presence in more than 6,000 well-defined areas, by economically-realistic amount...

Can Police Prevent Crime?

Political Uncertainty and Crime in Transition Economies*

Political Uncertainty and Crime in Transition Economies Two stylized facts are often used to characterize the economies in transition: an increase in the crime level and frequent government changes, where the party in power is replaced by another party with a different, and often opposite, ideological orientation. We investigate the impact on agents’ honesty when agents perceive the future form...

Institutions and Firms in Transition Economies

Prepared for the Handbook Of New Institutional Economics. Focusing on firm behavior, the paper examines the collapse of socialist institutions, the building of capitalist institutions, changing firm boundaries, transactional governance, corporate governance, and use of the legal system. The contrast between law's use in transactions and its relative ineffectiveness in corporate governance sugge...