and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too …

decision theory to more fully explain both why the conventional law focuses on minimizing the risk of false-positive outcomes … and why the modern law should be crafted to minimize total probate-error risk. Decision theory suggests that, to identify …

Economists often envision commons and anticommons as occurring from either too few or too many rights-claimants over a … good. While this perspective has an intuitive appeal, it obfuscates similarities between commons and anticommons, with … significant impact on proposed policy solutions. This paper argues for a two-dimensional approach to commons and anticommons aimed …

this wider approach in dealing with environmental commons, particularly with global environmental commons, discussing two …

Financial decentralization is constrained by the extent to which the market and institutional frameworks that agents …

of this phenomenon in the Chinese context in terms of administrative decentralization. Administrative decentralization is …. Decentralization increases communication costs associated with the implementation of law, and changes the structure of taxpayers' costs …