We study an OLG economy where productivity growth comes from two alternative sources: process innovation and learning-by-doing. There is a trade-off between the two in so far as frequent technological updates reduce the scope for learning on existing technologies. A conflict is shown to arise...

Studies of the stability of international environmental agreements (IEAs) assumed a benevolent government who maximizes social welfare. The aim of our paper is to develop a theoretical framework in which the Government's decisions are influenced by green and producer lobbies. To this end, we...

How can patrimonial local-level governance be reformed? Debates on this topic have focused largely on the possibility of reform via pressure from above (superordinate leaders) or below (citizens). This paper tests whether horizontal pressures from civil society leaders can reform local...

Although the prohibition on taking of organizational opportunities is well established, the standards applied to this problem in corporate law disputes are vague and imprecise. Corporate directors and officers lack clear guidance as to when a business venture may be taken for themselves or must...

The political economy of energy policy in the United States is dominated by partisanship and industry lobbying. Both are reflected in the widespread belief that the Environmental Protection Agency (EPA) is engaged in a misguided “war on coal” - despite decades of regulatory delays, the coal...

Certificate-of-need (CON) laws currently prohibit entry or expansion of healthcare facilities in 35 states and the District of Columbia. In a lengthy process, medical providers must prove to regulators that their new services and equipment are needed. Medical providers who succeed are...