Showing 1 - 8 of 8
This paper studies the design of enforcement policies to detect and deter harmful short-term activities committed by groups of injurers. With an ordered-leniency policy, the degree of leniency granted to an injurer who self-reports depends on his or her position in the self-reporting queue. By...
Persistent link: https://www.econbiz.de/10011927247
Suppose that the costs of obtaining and using political information fall dramatically, in large part because of new technologies such as the Internet. What effects might this have on political accountability and social welfare? This response to a paper by Jane Schacter offers some skeptical...
Persistent link: https://www.econbiz.de/10012707380
In the administrative state, how should expert opinions be aggregated and used? If a panel of experts is unanimous on a question of fact, causation, or prediction, can an administrative agency rationally disagree, and on what grounds? If experts are split into a majority view and a minority...
Persistent link: https://www.econbiz.de/10014211588
Chevron, U.S.A. v. Natural Resources Defense Council lays out a two-step process that courts must follow when they review a federal agency's construction of a federal statute. We argue that Chevron, rightly understood, has only one step. The single question is whether the agency's construction...
Persistent link: https://www.econbiz.de/10014215237
What is collective wisdom, and how can institutions be designed to generate and exploit it? This essay argues for a reductionist conception of collective wisdom as collective epistemic accuracy, and cashes out that conception at the level of institutional design. Assuming that the social goal is...
Persistent link: https://www.econbiz.de/10014215275
I examine the executive's power as Commander-in-Chief (or "CINC") of the armed forces, and the resulting problems for constitutional design and interpretation. Drawing upon Machiavelli's analysis, I attempt to state an economy of glory: an account of the benefits and costs of executive...
Persistent link: https://www.econbiz.de/10014215992
Many millions of people hold conspiracy theories; they believe that powerful people have worked together in order to withhold the truth about some important practice or some terrible event. A recent example is the belief, widespread in some parts of the world, that the attacks of 9/11 were...
Persistent link: https://www.econbiz.de/10014220915
A firm sells a dangerous product to heterogeneous consumers. Higher consumer types suffer accidents more often but may enjoy higher gross benefits. The firm invests resources to reduce the frequency of accidents. When the consumer's net benefit function (gross benefits minus expected harms) is...
Persistent link: https://www.econbiz.de/10014033613