We present a dynamic model of the interaction between interest groupsand policymakers, featuringendogenous interest group formation. We show that complicated dynamicpatterns in economicpolicies may arise once interest group formation is taken intoaccount.

We present a dynamic model of the interaction between interest groupsand policymakers, featuringendogenous interest group formation. We show that complicated dynamicpatterns in economicpolicies may arise once interest group formation is taken intoaccount.

We present a dynamic model of the interaction between interest groupsand policymakers, featuringendogenous interest group formation. We show that complicated dynamicpatterns in economicpolicies may arise once interest group formation is taken intoaccount.

We present a dynamic model of the interaction between interest groups and policymakers, featuring endogenous interest group formation. We show that complicated dynamic patterns in economic policies may arise once interest group formation is taken into account. <BR><BR>

It is common to think of federalism as a governmental arrangement that entails competition among governments. Thinking this way, however, is problematic. A competitive system is generally associated with the notion of polycentricity, as illustrated by a market system of free and open...

Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the quot;economic model of politicsquot; proposes a public choice approach, which does not rely on social welfare functions. With it, a country's overall budget can be derived...

In the wake of financial crises, public authorities often respond by using law to modify private contracts to transfer value from those who fare better in the crisis to those who fare worse. From the perspective of the crisis victim, this is a bailout. Because this article focuses on the...

This article reviews China's land tenure system, which is featured with differential treatment of rural and urban citizens with respect to three types of land tenure: urban land tenure, arable land tenure and rural residential land tenure. With the urban residents fully participated in the...

This paper analyses lawyer's choices of law in international sales contracts. It identifies key reasons for opting in or out of the CISG across different jurisdictions. The paper then examines aspects of this choice from economic and psychological perspectives: from the ability to externalize...