This paper studies the institutional fit and the appropriateness of neoclassical stock market institutions within the context of Buddhist informal institutions in the Himalayan Kingdom of Bhutan. This is particularly timely given the considerable media interest in the principles of Gross...

Numerous researchers have confirmed sharp and punctuated policy change. Newer findings in U.S. forest policy in the Pacific Northwest and U.S. state tobacco policy have found largely nonpunctuated changes. What are the implications for punctuated equilibrium theory? U.S. state tobacco...

Punctuated equilibrium theory in public policy replicated from biological punctuated equilibrium theory has concluded that public policies alternate between stasis and punctuation. However, recent research on Pacific Northwest forest policy, U.S. state tobacco policy, and U.S federal auto...