We study how international environmental agreements can take advantage of domestic time-inconsistency problems. Policymakers often prefer future policies to be sustainable, but are tempted to invest less when being in office. We find the equilibrium number of signatory countries to be higher...

Researchers, policymakers and the representatives of international organisations increasingly use the term “social contract” to describe relations between societal groups and a state. The United Nations (UN) Secretary-General, for example, has declared that “now is the time to renew the...

EU member state investment treaties have been criticized for potentially deterring EU countries from pursuing desirable policy measures. This paper explores whether these treaties can nonetheless serve a beneficial geoeconomic function for the EU by safeguarding EU investments in five minerals...

In both the literature and practice, it has been advocated that companies should have a profit cap. Utilizing corporate social contract theory, this article posits that under at least three conditions, companies do not have a general moral duty to cap their profits. These conditions entail that...

This paper examines the erosion of trust as a global phenomenon, highlighting its implications for social cohesion and governance. Using data from the World Values Survey and regional barometers, the analysis focuses on trust's dual dimensions-interpersonal and institutional-within different...

This article explores the interplay between economic hegemony and political alignment. Using theoretical and empirical insights from Broner et al. (2024), we posit that hegemonic states, such as the U.S., foster political alignment, which enhances globalization. We use UN voting data to proxy...

How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic globalization”, built on two central premises: countries differ in their preferences over policies (such as the rule of law or regulatory frameworks) and trade between any...

This discussion paper responds to the critique of our 2022 article "Ordo-Responsibility in the Sharing Economy: A Social Contracts Perspective" published in Business Ethics Quarterly. Ghirlanda and Sacconi (2024) argue that a properly understood version of constitutional contractarianism would...