Decisions about public goods in the real world are frequently made by trustees—individuals responsible for managing pools of contributed funds—rather than by the contributors themselves. We conduct a laboratory experiment to compare contributions made by trustees who play with other trustees...

We present a model in which price dispersion allows the market to remain competitive in the long run amidst increasing returns to scale. The model hinges upon turnover in the productive technology-leading firm, price dispersion resultant of Stigler's logic of rational search, and limited...

We build a multi-agent model of endogenous technical change in which heterogeneous investments in patented knowledge generate Pareto-Levy and lognormal distributed returns to investment in research from very weak distributional assumptions. Firms produce a homogenous good and a public stock of...

With this paper we present an analysis of sixty transnational governance initiatives and assess the implications for our understanding of the roles of public and private actors, the legitimacy of governance ‘beyond’ the state, and the North–South dimensions of governing climate change. In...