People have different preferences for performing entrepreneurial activities. These differences can be influenced by actions of the state. Special attention is paid to examine the individual behavior in choosing employed work or entrepreneurial activities. Individual supply of entrepreneurial...

Following a bankruptcy, how should we distribute the available assets among the eligible creditors? Most people would accept a proportional distribution — for each claimant, calculate her percentage of the sum of all claims and assign her that same percentage of total assets. However, this is...

This chapter discusses factors conducive to international agreements such as treaties, compares alternative types of international agreements and indicates why treaties may represent the preferred instrument. It describes the different modalities by which international treaties can be formed...

Wrongful convictions could increase the level of crime compared to the idealistic case of no erroneous convictions. The problem of wrongful conviction is most serious in areas where criminal activities are endemic and for certain groups of citizens who are stereotyped. State liability mitigates...

In US Presidential elections, each state is assigned a number of electors according to population, and all electors from the 50 states and District of Columbia form the Electoral College. The candidate who wins the majority of electoral votes from the College becomes President. The US...

The President of the United States is chosen directly by the Electoral College, although indirectly the citizens select the President. Different states currently employ two systems of electoral-vote allocation under the Electoral College framework: the widely adopted winner-take-all system and...