This paper uses spectral analysis to provide evidence that cycles have characterized the following time series: all ter rorist events, skyjackings, kidnappings, barricade and hostage taking and all events not involving hostages. The series for all events ha d a periodicity of 28 months, while...

A general theory of interpersonal exchange is developed from a public goods, public choice point of view and within an analytical context that assesses both the benefits and the costs of social interaction. Social transaction benefits and costs are specified as a composite function of...

This paper analyzes nonmarket institutional structure in which policymakers from two or more governments negotiate to commonly provide a pure public good or to internalize an externality. Various equilibrium notions for the linkage are examined, including Nash, non-Nash, and Pareto. The...

This paper applies a common-agency model to demonstrate why recent enterprise reforms that assign the State Asset Supervision and Administration Commission (SASAC) a greater role in running China's state-owned enterprises (SOEs) are apt to fail. In a theoretical framework, we show that local...