Multinational companies reduce their global effective tax rate by converting manufacturing subsidiaries into "contract manufacturers" and distribution subsidiaries into "commissionaires." The same results could be achieved more efficiently using ISDA swaps

Millions of people are spending time and money on virtual goods: clothes for their characters in online hangouts, weapons for their fighters in massively-multiplayer games, and presents for their friends in social networking platforms. In this dissertation, I locate virtual goods as the latest...

From employment to education, many areas of our daily lives have gone virtual, including the virtual workplace and virtual classes. By comparison, the way we generate, deliver, and consume electricity is an anachronism. And the electric industry’s outdated business model and regulatory...