All norm enforcement regimes, formal and informal, face an inevitable tradeoff between false negatives and false positives.
-
Innovations that make gathering information about a person significantly cheaper, eg surveillance cameras or credit cards.
Great question Cameron. I don’t have any particular insights, but I like Misha’s response. Do you have any other thoughts about how to answer your own Q?
-
-
Alas no, not generally anyway. I've been working on a paper that draws on this: http://www.nber.org/papers/w9608 But I find the criticism here http://cob.jmu.edu/rosserjb/A%20CRITIQUE%20OF%20THE%20NEW%20COMPARATIVE%20ECONOMICS.doc … v compelling, that Djankov has no way to distinguish movements of vs. along the curve.
-
It's obvious that tradeoffs like yours or Djankov's really exist, but without this distinction, it's hard to determine when they matter.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.