This study explores how the rent-seeking behavior of government may impede economic development and delay industrialization. Introducing a to Schumpeterian growth model that features endogenous takeoff, we find more self-interested engages in taxation, which delays economy’s transition from pre-industrial stagnation modern growth. Quantitatively, completely could have delayed industrialization,...

The paper focuses on the strict relation between the continuous changes of the diversified tax regimes of the various types of cooperatives and the political composition of the governments succeeding each other in Italy from the after war period to the present. It emerged that the different types of cooperatives prevailing in the leftwing League of Cooperatives or in the Confederation of Italia...

We estimate an equilibrium model of ticket resale in which consumers’ and brokers’ decisions in the primary market reflect rational expectations about the resale market. Estimation is based on a unique dataset that merges transaction details from both the primary and secondary markets for tickets to major rock concerts. In our model, the presence of a resale market permits tickets to be traded ...