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Military Moral Hazard and the Fate of Empires - Economics
Military Moral Hazard and the Fate of Empires Charles Z. Zhengy April 14, 2015 Abstract To understand why authority was delegated to the military in some empires and
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economics.uwo.cacriminal activity and, therefore, lower the returns from schooling. The efiects of a reduction in arrest or incarceration rates on schooling are less clear. On the one hand, a reduction in the probability of incarceration directly increases the value …
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