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Would you volunteer to pay a carbon tax if 99% of other Americans also volunteered to pay such a tax? Instead of traditional referenda, it is possible to structure plebiscites which would only bind a subset of the population (e.g., to be subject to a carbon tax) if that subset’s individually...
This article formally models the virtues of Edmund Burke’s conservatism, characterizes the optimal level of conservatism, and applies the model to management, law, and policy. I begin by introducing “switcher’s curse,” a trap in which a decision maker systematically switches too often. Decision...
In order to study the political ideologies of judicial law clerks in the United States, we construct a novel dataset that combines information on the identity of clerks with a measure of political ideology based on political donations. We then use this data to empirically investigate several...
We present a new measure of judicial ideology based on judicial hiring behavior. Specifically, we utilize the ideology of the law clerks hired by federal judges to estimate the ideology of the judges themselves. These Clerk-Based Ideology (CBI) scores complement existing measures of judicial...
In this article, we analyze how political competition affects the design of public law enforcement policies. The article arrives at two main conclusions (assuming that the cost of enforcement is linear, criminal’s type is uniformly distributed, and the society is wealthy enough): (1) electoral...
We contrast alternative liability rules for social control of product risks when heterogeneous consumers considering purchasing a durable good due to cognitive errors and biases mispredict future product benefits and, thus, the extent of future product usage. Since the expected consumer harm...
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