Veto institutions are often dominated by government opponents with rival electoral and policy interests (e.g. \divided government"). I investigate the tradeoff between policy control and policy blockade when both the government and the veto party may cater to opposing special interests. The...

Dieser Beitrag enthält drei Kurzartikel. Der erste behandelt die Wirtschaftspolitik, der zweite die Soziale Sicherung. Der dritte skizziert den Ansatz der Ökonomischen Ethik, ein Forschungsprogramm, das in jüngster Zeit auch unter der Bezeichnung „Ordonomik“ vorangetrieben wird....

Vincent Ostrom's legacy is revisited in this paper along three dimensions: Ostrom's contributions as a historian of politico-economic thought, as a complexity theorist, and as an epistemologist. All three dimensions are captured from a perspective which has seldom been studied systematically...

Dieser Beitrag enthält drei Kurzartikel. Der erste behandelt die Wirtschaftspolitik, derzweite die Soziale Sicherung. Der dritte skizziert den Ansatz der Ökonomischen Ethik,ein Forschungsprogramm, das in jüngster Zeit auch unter der Bezeichnung„Ordonomik“ vorangetrieben wird. Eingerahmt...

In important situations, individual decision-making is systematically biased. Whendeciding (rather than consuming), extrinsic attributes of choice options are more salient thanintrinsic attributes. People overestimate extrinsic attributes and therefore put too much effortinto acquiring income...

Underlying today's and the future's health care reform debate is a consensus that America's health care financing system is in a slow-moving but deep crisis: care appears substandard in comparison with other advanced industrial countries, and relative costs are exploding beyond all reasonable...

There is an identifiable and distinct body of law and administrative regulations on state enterprise governance, anticorruption and public sector ethics emerging in the Commonwealth Caribbean. The law and administrative structures are still developing but they are sufficiently well developed to...

The paper examines the viability of applying transaction cost reasoning to the government by discussing the possibility of further international cooperation in the field of antitrust. Given that, in their international relations, the analogy between states and private actors is more realistic...

Success depends on good ideas effectively applied with determination. For a Senior Executive determination is personal. Effectiveness, in skills molded by experience. The edge, that turns good to great, lies in the mind, the quality of the ideas that backs the determination and skill. The best...

What is self-governance, and under what sets of institutions is it possible? We explore this question from the perspective of informal (de facto) constitutionalism. The dominant approach, grounded in formal constitutionalism, overlooks crucial institutional features that determine whether...