A full understanding of public affairs requires the ability to distinguish between the policies that voters would like the government to adopt, and the influence that different voters or group of voters actually exert in the democratic process. We consider the properties of a computable...

Canada's Mergers Laws on the Books Since 1889, But in Their 75 Years History, Only Eight Merger Cases Have Been Taken Through a Full Trial and the Crown Has Never Won a Contested Case in Appeal. Based on This Record, the New Competition Act Has Tried to Remedy the Perceived Faults of the Old...

It Is Widely Believed That Exhaustible Resource Monopolies Do Not Enjoy As Much Market Power As Standard Non Resource Monopolies, and May Even Produce in a Socially Optimum Way. We Argue That This Paradoxical Result Arises From an Inappropriate Comparison Methodology. When Similar Assumptions...