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From Wild West to the Godfather: Enforcement Market Structure / James E. Anderson, Oriana Bandiera.
- Format:
- Book
- Author/Creator:
- Anderson, James E.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8469.
- NBER working paper series no. w8469
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- From Wild West to the Godfather
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2001.
- Summary:
- Weak states enable private enforcement but it does not always fade away in the presence of strong states. We develop a general equilibrium model of the market organization of enforcers (self-enforcers, competitive specialized enforcers or monopoly) who defend endowments from predators. We provide conditions under which a Mafia emerges, persists and is stable. Mafias are most likely to emerge at intermediate stages of economic development. Private enforcers might provide better enforcement to the rich than would a welfare-maximizing state - hence the State may find it difficult to replace the Mafia or competitive private enforcers.
- Notes:
- Print version record
- September 2001.
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