This outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law. They examine what lies at the core of the ‘economic approach to competition law’ and deal with its normative and institutional limitations. In recent...

This timely and important volume addresses the serious challenges faced by democracy in contemporary society. With contributions from some of the world’s most prestigious scholars of public choice and political science, this comprehensive collection presents a complete overview of the...

It is common wisdom that the process of globalization has intensified competition among governments. The precise nature of such competition is, however, less well understood. The purpose of this paper is to explore how the competitive pressure that globalization exerts on governments affects the...

The long-standing critique of the ‘economic model of man' has gained new impetus not least due to the broadening research in behavioral and experimental economics. Many of the critics have focused on the apparent difficulty of traditional rational choice theory to account for the role of...

The theoretical consistency and practical applicability of traditional welfare economics has long been subject to controversy. More recently the challenge has been added from evolutionary approaches that the individual preferences on which the welfare calculus is based are themselves subject to...

That it favors the status quo is one of the most common and persistent objections raised against the contractarian-constitutionalist approach and, specifically, against its emphasis on voluntary agreement as the fundamental legitimizing principle for social reform. This paper seeks to clarify...