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Societies benefit from unequal rewards and some system of social stratification, if extraordinary rewards provide signals where more effort is required or where scare talents should go. But these signals cannot avoid some ambiguity. By advertising the availability of extraordinary rewards, it is...
The Forum consists of comments on previously published papers and responses by authors. Unlike the Comment section in many other academic journals, the Forum includes solicited as well as unsolicited contributions. We encourage debates by actively seeking points of view contrary to those...
Much of the information that passes up and down the hierarchy in formal organizations is not of the referential kind taken for granted in theories about the interaction of principals and agents. It is less factual than it is persuasive. To have practical application, at least at the microlevel,...
The size and number of political interest groups is analyzed using the firm-industry framework of standard microeconomic theory. The model allows for the entry and exit of interest groups in the interest-group industry, as well as adjustments in the size of individual interest groups. The...
Experimental results from two-dimensional spatial contexts suggest that cooperative theories, such as the core in nonsidepayment games and the competitive solution in games without a core, are accurate predictors of committee outcomes. Yet in discrete settings, committees often select outcomes...
This article uses a rational choice model of the origins of democracy to analyze the political history of medieval England from the Norman conquest to the Hundred Years War. Why did a country just taken over by a ruler more autocratic than his predecessors develop a political system increasingly...
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