Has a $5.00 shipping fee ever made you second guess an online purchase? What about a sales tax? Apparently, our Supreme Court Justices pay no mind to the latter. South Dakota v. Wayfair annihilates the concept of tax-free online shopping and allows the states to compel online companies meeting...

Recently, the notion of cryptocurrencies has come to the fore of public interest. These assets that exist only in electronic form, with no underlying value, offer the owners some protection from tracking or seizure by government or creditors. We model these assets from the perspective of asset...

We build a Real Options model to assess the importance of private provision and the impact of expropriation risk on investment timing, investment volumes, governmental costs and social welfare. We consider two types of businesses (essential and non essential businesses) and two stages (operating...

We review the literature on the rich, the affluent and the top incomes earners focusing on the determinants of affluence or richness. The review surveys empirical results about the composition of the income and wealth of the rich and its direct determinants, such as individual characteristics,...

America's most recent recession has taken a toll on public agency budgets, including criminal justice agencies. More than half of U.S. states have had their corrections budgets reduced in recent years. Fortunately, crime has remained fairly stable during this same time frame, despite fears that...

The “energy sector” is generally interpreted as referring to industries focused on the extraction, refining, transport, use of various forms of energy, and related research and associated infrastructure. Despite the fact that no law or regulation contains any general definition of the energy...

When examining a corporate taxpayer, the IRS often seeks special accounting documents called tax accrual workpapers. These workpapers often contain privileged documents, but the IRS does not care. It believes it is entitled to the documents despite that the work product doctrine protects the...

An examination and critique of the functionalist literature on corruption in the political administration of less developed countries (LDCs) indicate that its claims are without empirical foundation. Its theses with regard to the political, economic and administrative effects in most LDCs...

It has often been argued that bribery creates auction-like conditions and, hence, improves allocative efficiency of bureaucratic decisions. This article shows that these auction-like conditions are not likely to exist because officials will restrict access to bribery in order to reduce the risks...

Starting from a simple premise, this paper has proposed a framework that is at once capable of explaining variations in levels of corruption across governments, their subunits, and over time.The simple premise is that corruption nearly always creates winners and losers who may take...