Representative democracies govern most locales in the US, making it difficult to compare performance relative to direct democracy. New England states, however, provide an opportunity to test both direct and representative democracy at the local level. This article uses revealed preference axioms...

Examining the economics of entrepreneurship from the perspectives of productive versus unproductive entrepreneurial behavior and the role of institutions in economic outcomes, the authors in this book seek to advance the research on institutions by providing a simple framework to analyze the...