The domain of possible power assignments within a multicameral government is multidimensional and essentially continuous. This allows policymaking authority to be divided in many ways and also allows constitutional exchange to take place along many margins of power. This internal market for...

We examine the formation of multilateral, hub-and-spoke and bilateral international R&D strategic alliances (overlapping climate clubs) to reduce CO2 emissions. R&D provision in clubs produces two types of positive externalities: a global public good (i.e., reduction of CO2 emissions) and...

Pension becomes more and more important as people are living longer and pursuing higher living quality after retirement. This paper is to analyze the psychosocial factors that affect people's pension demands in the US as well as in China. As two representative countries that have different...

The 2016 US presidential nominee Donald Trump has broken with the policies of previous Republican Party presidents on trade, immigration, and war, in favor of a more nationalist and populist platform. Using detailed Gallup survey data for 125,000 American adults, we analyze the individual and...

As a result of the neoliberal economic philosophical doctrines that spread in the 1980s, decreasing attention was paid by researchers and other experts in the European Union to developments in households' financial position and consumption in boosting economic growth. This is despite the fact...

I build a model to make a key point that social welfare functions that only rely on individual utility (or individual preference orderings) still may reflect what people typically think of as a non-welfarist approach, further suggesting that non-welfarist methods (e.g., paternalistic methods)...

We argue that the policy response to the COVID-19 pandemic by all levels of government around the world is not consistent with recommendations from standard welfare economics. Thus, it is important to ask why such policies have been adopted. That opens the door to examining the political economy...

Capitalist private property opposes "personal" private property insofar as it separates the worker from actual production means by seeking, through accumulation, to improve value for value and not the relation with nature. It is necessary to think of enterprise outside of the company context...

This is a book chapter in a forthcoming book, Law, Property, and Society (Ashgate Press). The chapter argues that financing extreme catastrophic loss will become more problematic as catastrophes become more frequent and severe. An effective strategy must increase the level of participation in...

A weather beaten economy has become a wake up call. The International Energy Agency predicts that carbon emissions will rise 130 percent and oil demand will rise 70 percent by 2050. A sound energy policy that addresses climate change relies upon widespread transfer and implementation of...