Shifting to dramatically more sustainable systems is an unconventional or wicked problem, encompassing multiple actors, disciplines, and values. Yet to date, sustainability initiatives have been tackled primarily by means of conventional managerial approaches. We contend that these approaches...

We outline a new voting procedure for representative democracies. This procedure should be used for important decisions only and consists of two voting rounds: a randomly-selected subset of the citizens is awarded a one-time voting right. The parliament also votes, and the two decisions are...

The purpose of this paper is not to fully analyze the various programs or arguments that have been given over the years to justify or attack foreign aid, but rather to examine the practice of foreign aid through the lens of economic analysis and constitutional analysis, which has not really been...

We analyze a canonical binary-action coordination game under the global games framework. To reduce coordination failure, we propose a novel intervention program that screens agents based on their heterogeneous interim beliefs. Compared with conventional government-guarantee type of programs, it...

During a period of increasing turbulence and uncertainty in the corporate world, this timely paper contains the complete body of work addressed in the quot;Corporate Defense Insights: Dispatches from the Front Linequot; Qamp;A series (individually published at the RiskCenter throughout the...

We focus on the coordination failure among domestic firms in the investment of expensive low-carbon technology, which helps reduce the amount of carbon usage and pollution. In this model the firms are charged with a carbon tax only if the total stock of carbon emission in the environment exceeds...

This paper reports the results of an experiment on information spillovers between groups. We find that a player who is a member of multiple groups aggregates information and serves as a conduit through which information from one group spills over to another. We also find that such players are...

This paper studies a model of regime change in which a rebel leader seeking to mobilize supporters faces a trade-off between increasing the rebel group's size and risking information leaks. I~ find that repressing a rebellion via \emph{collective} punishment---whereby not only rebel participants...