Any scheme to legalize marijuana that has a chance of enactment will tax the stuff. But how? Like tobacco, based on weight? Like alcohol, by measuring the intoxicating chemical? Like shoes or hotel rooms, as a percentage of price? Or, as one city in California taxes medical marijuana, by...

This interview is Part 1 Video 2 of a two-part series (which series contains 2 pdf files of the transcripts and 4 videos) in which Professor Ralph Walkling, the Stratakis Chair in Corporate Governance and Executive Director of the Center for Corporate Governance at Drexel University, interviews...

This interview is Part 2 Video 4 of a two-part series (which series contains 2 pdf files of the transcripts and 4 videos) in which Professor Ralph Walkling, the Stratakis Chair in Corporate Governance and Executive Director of the Center for Corporate Governance at Drexel University, interviews...

This paper examines the influence of both trust and sociability on stock market participation and their implications for international differences in stockholding. Using data from the Survey of Health, Ageing and Retirement in Europe supplemented with information on regional trust from the World...

This paper investigates the importance of both trust and sociability for stock market participation and for differences in stockholding across Europe. We estimate significant effects for the two, and find that sociability can partly balance the discouragement effect on stockholding induced by...

The failure to fully internalize externalities from production and consumption, including on future generations, is supposed to be the core of the perceived failure to ensure ecological sustainability within the realm of antitrust enforcement. As policymakers put increasing pressure on...

The appeal of The Theory of Moral Sentiments (TMS) has moved with openness to non-foundationalism. This paper is devoted to providing evidence of that bivariate relationship. The paper stems from a 2018 article, “Dissing The Theory of Moral Sentiments.” I have pared down the quotations and...

In the given article the problems of choice as for the types and forms of debt and share financing on the developing and “frontier markets” with high interest rates have been considered, the definition of what kind of interest rates can be viewed as high and under which circumstances nominal...