This is a book chapter in a forthcoming book, Law, Property, and Society (Ashgate Press). The chapter argues that financing extreme catastrophic loss will become more problematic as catastrophes become more frequent and severe. An effective strategy must increase the level of participation in...

In this essay I argue that one can understand the relationship between those who rule and those who are ruled in civil society as an implicit contractual relationship or contract by convention. I use variations of the extensive form Trust Game to summarize the structures of alternative forms of...

The recent renaissance of work on conventions, informal institutions, and social norms has reminded us that between the state and individual choice is a network of informal social rules that are the foundation of our cooperative social life. However, even those who appreciate the importance of...

Following the recent generalization of social choice in the literature on judgment aggregation, we extend the analysis of freedom of choice from sets of alternatives to sets of opinions. We establish the analogue of the cardinality based freedom of choice measure and suggest an alternative...

We present a straightforward proof of Arrow's Theorem. Our approach avoids some of the complexities of existing proofs and is meant to be transparent and easily followed.