Purpose – Emphasis on the importance of halal products is now growing. It is fast becoming a new market force and brand identifier and is now moving into the mainstream market, affecting and changing perception on how business should be conducted, including from a marketing point of view. The...

The paper develops a simple model of optimal corporate ownership structure in which costs and benefits of ownership concentration are analysed.

This note reassesses the basic result in Mukhopadhaya (2003) that, when jurors may acquire costly signals about a defendant’s guilt, with a larger jury size the probability of reaching a correct verdict may in fact fall, contrary to the Condorcet Jury Theorem. We show that if the jurors...

This paper considers the incentives faced by investors (financial institutions) to become actively involved in the direction of their under-performing portfolio companies as proposed by recent policy reports on corporate governance. It proposes a metric by which to measure the returns to...

The basic tenet of public choice is to study political behavior and institutions from the viewpoint of rational choice. This paper provides an introduction to the field of public choice on the basis of five classical works.

In the 50 years since its publication, Mancur Olson’s Logic of Collective Action has had an enormous impact on the academic literature in both economics and political science. In this review essay, I discuss Olson’s work in light of the ensuing research, particularly developments in the...

We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals, compete for a prize there is a need for intra-team coordination in order to win the inter-team competition. Introducing communication in such situations may have ambiguous...