The excessive demand for universities in metropolitan areas as a result of location premiums and regulated admissions quotas diminishes the competition between universities and the incentive to enhance educational performance to attract more students. Cases in point are the lower graduate...

The substantial influence of CEOs diminishes the oversight function of the board of directors. Many outside directors have social ties with CEOs and their behavioral patterns are inconsistent with those of vigilant monitors. Dissents are rare, and those who do dissent are highly likely to be...

"The substantial influence of CEOs diminishes the oversight function of the board of directors. Many outside directors have social ties with CEOs and their behavioral patterns are inconsistent with those of vigilant monitors. Dissents are rare, and those who do dissent are highly likely to be...

We present a straightforward proof of Arrow's Theorem. Our approach avoids some of the complexities of existing proofs and is meant to be transparent and easily followed.

We study the conflict mediation problem when the mediator must gather information from the disputants. In this case, the same incentives that disputants have to lie to their opponents also exist when talking to the mediator. Addressing this issue in the context of a very general model of...

In this paper we examine whether mutual optimism can be supported as a cause of war in models that permit the unilateral use of force. Previous work (Fey and Ramsay, 2007) has demonstrated that war cannot occur in any game in which both sides must agree in order to fight. With the more realistic...

In this paper, we give an example of a statement concerning two-player zero-sum games which is undecidable, meaning that it can neither be proven or disproven by the standard axioms of mathematics. Earlier work has shown that there exist “paradoxical” two-player zero-sum games with unbounded...

The substantial influence of CEOs diminishes the oversight function of the board of directors. Many outside directors have social ties with CEOs and their behavioral patterns are inconsistent with those of vigilant monitors. Dissents are rare, and those who do dissent are highly likely to be...

- Hiring former government officials can provide benefits in utilizing the accumulated knowledge, but also creates problems in that they can be abused as lobbying channels. - One of the primary causes of Korea's savings bank collapse was the hiring of former oversight agency officials and their...

Korean Abstract: 본 연구는 국회의원 공천제도가 국회통과 법률안의 수(입법생산성)에 어떻게 영향을 미치는지를 이론적․실증적으로 분석하고 있다. 일견 연관성이 없어 보이는 공천제도와 입법생산성은 개별 국회의원의...