VJ Geloso, AW Salter - Journal of Economic Behavior & Organization, 2020 - Elsevier
In this paper, we explore why there are no examples of societies with low state capacity and high economic development. We argue that such an outcome is unlikely because of the …
We investigate the role of individualistic social rules and norms in charitable giving. Individualism in market societies is often criticized as corrupting morality and discouraging …
The conventional wisdom guiding pandemic policy is that the complexity of externalities justifies a centralized government response and suppression of economic freedom. We …
RA Candela, V Geloso - European Journal of Law and Economics, 2019 - Springer
What is Coase's understanding of transaction costs in economic theory and history? Our argument in this paper is twofold, one theoretical and the other empirical. First, Coase …
Criticisms of market outcomes often rest upon a notion of 'market failure,'meaning that the market has failed to align incentives and knowledge to produce an optimal outcome …
V Geloso, M Makovi - Journal of Government and Economics, 2022 - Elsevier
The theory of state capacity predicts that states with powerful abilities–as long as they are constrained–can promote economic growth. Many scholars argue that post offices …
We argue that criminal justice institutions must be accessible to citizens, legitimate and have capacity to enforce law. Such was the case with the military societies of the Plains Indians: a …
A Devereaux, L Peng - Journal of Institutional Economics, 2020 - cambridge.org
In 2014, the State Council of the Chinese Communist Party announced the institution of a social credit system by 2020, a follow-up to a similar statement on the creation of a social …
RA Candela, V Geloso - International Review of Law and Economics, 2019 - Elsevier
Was the lighthouse ever a public good? The lighthouse is presented as the quintessential public good as it was inherently non-excludable and non-rivalrous. Since the work of Ronald …