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We propose a framework to explain why some societies may end up with different constitutional solutions to the problem of maintaining order in the face of self-interested behavior. Though the salient intellectual tradition since Hobbes has focused on how institutional design is used to eradicate...
Persistent link: https://www.econbiz.de/10014322888
In this essay we compare and contrast the methods used by courts and other institutions in the United States and in the European Union to resolve the conflicts that inevitably arise between competition law and other laws, policies, and values. In the U.S., because its generally-worded antitrust...
Persistent link: https://www.econbiz.de/10012938131
In early 2004, the Presidential study group, - a bipartisan commission of statesmen, diplomats, legislators, scholars, and experts - was conveyed to examine the state of the Middle East and the effectiveness of U.S. policy in advancing U.S. interests in that region. According to the report it...
Persistent link: https://www.econbiz.de/10014054853
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This paper analyzes the political economy of the creeping militarization of U.S. foreign policy. The core argument is that in integrating the 3D approach -- defense, development, and diplomacy -- policymakers have assigned responsibilities to military personnel which go beyond their comparative...
Persistent link: https://www.econbiz.de/10014186464
Some scholars have argued that the Framers of the U.S. Constitution did not have a common set of views on economics, or that the Constitution, except perhaps in isolated clauses, does not reflect any specific economic views. The principal Framers did, in fact, share a basic set of economic...
Persistent link: https://www.econbiz.de/10014160829
This paper investigates the relationship between income inequality and political party alternation at the US state level using panel data from 1971 to 2015. We hypothesize that income inequality leads to more regime instability in the form of alternation of governors’ parties. We also test the...
Persistent link: https://www.econbiz.de/10013221068
One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on all businesses or whether certain firms, for instance small ones, are especially penalized. We quantify firms’ compliance costs in terms of their labor spending to adhere to...
Persistent link: https://www.econbiz.de/10014345692
We empirically identify politically-motivated redistricting and its consequences, studying the effects of changed electorate composition on US congressional district boundaries and on political outcomes. We exploit the 1986 Immigration Reform and Control Act (IRCA), which legalized millions of...
Persistent link: https://www.econbiz.de/10014346449