Research Projects
Current Publications
Kai A. Konrad / Stergios Skaperdas
The Market for Protection and the Origin of the State
This paper examines a stark setting in which security or protection can be provided by self-governing groups or by for-profit entrepreneurs (kings, kleptocrats, or mafia dons). Though self-governance is best for the population, it faces problems of long-term viability.
Published: Economic Theory, Volume 50, Issue 2, Pages 417-443, June 2012
More informationKai A. Konrad / Holger Zschäpitz
Schulden ohne Sühne
European leaders tried to solve the European debt crisis by ever larger rescue packages and by a shift of fiscal decision making power and control from the national to the European level. The authors explain why this policy is likely to fail, offer a solution, and explain why the nexus between government debt and the financial sector has prevented this solution.
Published: dtv Verlag; ISBN 978-3-423-34733-4; 288 pages
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