This paper examines a recent debate in the literature on power indices in which classical measures such as the Banzhaf, Shapley-Shubik, and Public Good indices have been criticized on the grounds that they do not take into account player preferences. It has been argued that an index that is...

The last two decades have seen a spawning literature on social norms in the anthropology and sociology of law as well as in the economic analysis of law and in institutional economics á la Williamson. Much of this literature refers back to a seminal paper by Stewart Macaulay in which it is...

In the wake of the Enron and Worldcom financial scandals that rocked Wall Street in 2002, the US government’s financial regulatory body, the Security and Exchange Commission (SEC) took the unprecedented step in June 2002 of requiring that the chief executives and chief financial officers of...