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Jurisdiction Shopping: The Forgotten Logic Behind Flag Theory
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Jurisdiction Shopping: The Forgotten Logic Behind Flag Theory
Political scientists contend that a defining characteristic of the state is its monopoly on the use of force (or violence). Meanwhile, economists are quick to emphasize that monopolies are slow and reluctant to innovate, and they charge higher prices for lower quality goods and services than they would under more competitive conditions. Thus, it is no surprise that we get very little innovation in governance. However, with cheap commercial flig…
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