We consider a decentralized version of the neoclassical growth model where labor share is chosen by workers to maximize their long run (permanent) wages. In this framework, if the labor share increases relative to the competitive share, workers capture a larger share of a smaller total income in...

James Buchanan was a fervent advocate of a non-discriminatory politics. However, he. translated his views on constitutional political economy into (de jure) constitutional design in an insufficiently thoughtful way. Simply writing non-discriminatory politics into a Constitution is unlikely to...

We provide industry-level estimates of the elasticity of substitution (σ) between capital and labor in the US economy. We also estimate rates of factor-augmentation. Aggregate estimates are produced using the same data. Our empirical model comes from the first-order conditions associated with a...

In this paper, we explore new and traditional approaches to measuring population density, and ways in which density information has frequently been used by humanitarian, private-sector and government actors to advance a range of private and public goals. We explain how new innovations are...