This paper develops a model to investigate the interaction between policymaking and strategic protest. Protesting citizens demand policy reforms by protesting against the status quo, but differ in their preference for the directions of the reform. The size of the protest informs policymaker...

This book has examined the English law governing participation in crimes and has built a case for abolishing derivative complicity liability. It has been argued that participation (assistance or encouragement) is less harmful and less dangerous than perpetration because it is contingent on the...

We examine the effect of Top Management Team (TMT) professional finance experience on firm investment efficiency. Top managers with a career background in finance help reduce deviations of investment from the level warranted by firm fundamentals. Reductions in investment inefficiencies are...

This paper develops a model to investigate the interaction between collective decision-making in voting and financial speculation. Protesting voters demand policy reforms by voting against the incumbent, but too many opposing votes result in an unfavorable outcome --- political regime change....