Policymakers tend to adopt too narrow a view of the creative industries when determining the desirability of copyright protection. In these industries, authors will often create new works despite weak protection. As recent developments in the music industry illustrate, markets for complements...

This paper deals with the question how to locate generally beneficial, but locally harmful facilities in accordance with citizens' procedural preferences. The analysis of survey data collected among people potentially affected by such siting decisions shows that aspects of procedural fairness...

We examine the diversification patterns of almost all publicly listed non-financial companies in China during the 2001 to 2005 period. More than 70 percent of the firms in our sample are diversified. We document that patterns of diversification strongly depend on firms' political connections....