We analyze changes in the determinants of family income between 1961 and 1999, focusing on the effect of parental education, occupational…
Election Night is one of the increasingly rare moments when large numbers of Americans gather in front of their television sets to hear…
Many unjust relationships continue to exist among peoples as well as among individuals. Perhaps there are so many of them that their sum…
Left-libertarian theories of justice hold that agents are self-owners and that natural resources are owned in some egalitarian manner.…
Repeat transactions are not necessarily the rule in today's global economy. Indirect reputation systems, where buyers base their decisions…
This paper examines whether trust is an investment decision under uncertainty, based on the expectation of trustworthiness, and whether…
Besides deterring people, laws may affect behavior by changing preferences or beliefs. A law may elicit intrinsic motivation by framing an…
This paper explores the dynamics of transparency. It asks why some government-created systems of disclosure improve over time while others…
Coordinated electricity spot markets support open access to existing transmission grids. Associated financial transmission rights provide…