This paper argues that liberalism helped the West escape from their long-standing rent-extracting regimes and created institutional sources of comparative advantage in trade and economic development. It does so by providing connections between three different literatures: the constitutional...

The majority of proposals for international antidumping reform focus almost entirely on the relevant economic factors- consumer welfare losses and gains. Therefore, almost all proposals come to the exact same conclusion; in light of the enormous welfare losses suffered by domestic consumers,...

This paper analyses the prospects and problems of a Transatlantic Free Trade Area (TAFTA) between the European Union and the United States. Possible economic reasons for the proposal of TAFTA such as the intensity of bilateral trade and a strong interdependence in investment flows and the...

This paper deals with the diffusion of cooperative strategies under uncertainty conditions. Starting from a Resource Dependence approach, we analyze the impact of liberalization on alliance formation in the public utilities industry in Italy between 1999 and 2001. The study is based on a...

There is a large body of evidence indicating that cross-country differences in income levels are associated with differences in productivity. If workers are much more productive in one country than in another, restrictions on immigration lead to large efficiency losses. The paper quantifies...

This paper estimates the relationship between various sub-indicators of economic freedom and life satisfaction for 122 countries. The estimation results show that life satisfaction is positively related to the quality of the legal system and protection of property rights. For poor countries,...