Holdout problems prevent decentralized aggregation of complementary goods, but the coercion required to overcome holdout may encourage abuse and violate fairness standards. We propose second-best efficiency, abuse-prevention, and fairness criteria for procedures intended to reduce holdout. Our...

This article examines the interaction between formal laws and informal social norms in generating de facto institutions for collective common pool resource governance. Utilizing ethnographic fieldwork and a game theory model, this study illustrates how the informal rules of surfing — which...

Although management scholars have embraced grand challenges research, in many cases, grand challenges have been treated as merely a context for exploring extant theoretical perspectives. By comparison, our approach—robust action—provides a novel theoretical framework for tackling grand...

Population ethics studies the tradeoff between the total number of people who will ever live, and their quality of life. But widely accepted theories in modern cosmology say that spacetime is probably infinite. In this case, its population is also probably infinite, so the quantity/quality...

The class of "rank-additive" (RA) axiologies includes rank-weighted utilitarian, generalized utilitarian, and rank-discounted generalized utilitarian rules; it is a flexible framework for population ethics. This paper axiomatically characterizes RA axiologies and studies their properties in two...

Spanish abstract: El artículo presenta una serie de aproximaciones a los argumentos de fondo utilizados por la Corte Constitucional en la Sentencia C-630 del 2011. El objetivo principal es demostrar la inconsistencia de dichos argumentos, particularmente aquellos que llevan a considerar el...

A key feature of parliamentary democracy is government accountability vis-à-vis the legislature, but the important question of who speaks for the government—cabinet ministers or unelected bureaucrats, and the institutional underpinnings of this behavior—receives scant attention in the...

Situations where decisions are made by a committee rather than the entire society are quite common in the real world. When selecting a committee that decides for an entire body of members of a society (a court, legislature, etc.) there are two usual methods: random selection and direct selection...

Michael Greve's The Upside-Down Constitution is one of the most important works on constitutional federalism in years. It is the best exposition to date of the idea that the American Constitution establishes a federal system primarily devoted to promoting competition between state governments....

This paper examines through various channels the effects of CEO social network heterogeneity on firm value. We construct four measures of heterogeneity based on demographic attributes, intellectual backgrounds, professional experience, and geographical exposures of individuals in the CEO social...