This paper examines a recent debate in the literature on power indices in which classical measures such as the Banzhaf, Shapley-Shubik, and Public Good indices have been criticized on the grounds that they do not take into account player preferences. It has been argued that an index that is...

The last two decades have seen a spawning literature on social norms in the anthropology and sociology of law as well as in the economic analysis of law and in institutional economics á la Williamson. Much of this literature refers back to a seminal paper by Stewart Macaulay in which it is...

In the wake of the Enron and Worldcom financial scandals that rocked Wall Street in 2002, the US government’s financial regulatory body, the Security and Exchange Commission (SEC) took the unprecedented step in June 2002 of requiring that the chief executives and chief financial officers of...

Volunteering by young adults for working in Third World countries on development projects emerged in Britain the late 1950s. Three decades later, the country’s largest volunteering sending agency, Voluntary Service Overseas, had sent more than 21,000 people abroad. The most common explanation...

This paper is about the measurement of specific freedoms – the freedom of an agent to undertake some particular action. In a recent paper, Dowding and van Hees discuss the need for, and general form of, a “freedom function” that assigns a value between 0 and 1 to a freedom or right and...

Volunteering by young adults for working in Third World countries on development projects emerged in Britain the late 1950s. Three decades later, the countrys largest volunteering sending agency, Voluntary Service Overseas, had sent more than 21,000 people abroad. The most common explanation for...

Strong empirical evidence suggests that, contrary to standard criminal choice theory, deterrence does not increase tax compliance. A model based on a peculiarity of the mixed-strategy Nash equilibrium in 2-by-2 games is used to explain this observation theoretically: The strategy choice of a...

This paper discusses the theoretical concepts underlying recent developments in the regulation of telecommunications in Europe, the USA and developing countries with respect to efficiency and welfare. It focuses on analysing standardization problems, pricing rules and entry condition related to...