Correctly or not, Ronald Coase is often credited with the doctrine that courts ought to adjudicate for efficiency, that "the value of production" should serve as the criterion for resolving disputes over the boundaries between property rights. The doctrine that courts ought to adjudicate for...

Few subjects in economics have been more exhaustively discussed than the relation between productivity and thrift in the determination of the rate of interest, yet leading authors continue to hold markedly divergent views. This issue might be brought into focus in the following paper by...

This paper talks about the empirical demand theory as described in the textbooks as well as the one estimated in econometric work. Thus, the argument of this paper is that the gulf between the theory of demand as described in textbooks and the procedure followed in estimating demand curves is...

Tax evasion is analogous to deadweight loss in its effect upon the rules for cost-benefit analysis of public sector projects. Deadweight loss and tax evasion both cause the marginal cost of public funds to increase as tax payers attempt to reduce the tax base in response to increases in tax...

This paper is about a model of uncertainty in voting that allows for a schedule of people`s preferences for one party over another, that gives rise to a chance of casting a pivotal vote which is small but not, as often supposed, infinitesimal, that is not inconsistent with evidence about the...

1) Bargaining Unexplained, page 2 2) Bargaining Assumptions in the Study of Politics, Law and War, page 27 3) Bargaining and Voting, page 49