Latest Articles
The Logic of Collective Action (12/21/2001)
Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation.
Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation.
Aid for AIDS (8/30/2001)
Benefit/cost analysis applied to the epidemiology of AIDS leads to surprising behavioral implications and policy recommendations.
Benefit/cost analysis applied to the epidemiology of AIDS leads to surprising behavioral implications and policy recommendations.
Owners, Keepers? (12/8/2000)
Stronger property rights may reduce overexploitation of natural resources that require little upfront capital investment, but may lead to faster exploitation of resources that require substantial upfront capital investment.
Stronger property rights may reduce overexploitation of natural resources that require little upfront capital investment, but may lead to faster exploitation of resources that require substantial upfront capital investment.
The Blind Leading the Blind (12/8/2000)
An informational cascade occurs when people blindly follow the early movers, but can be quickly reversed in the light of trusted information.
An informational cascade occurs when people blindly follow the early movers, but can be quickly reversed in the light of trusted information.
Why Are Better Seats "Underpriced"? (10/24/2000)
Better seats might be deliberately underpriced to sell them out so as to prevent customers with cheaper seats to switch to unoccupied better and more expensive seats.
Better seats might be deliberately underpriced to sell them out so as to prevent customers with cheaper seats to switch to unoccupied better and more expensive seats.
Private Truths and Public Lies (10/6/2000)
Private preferences, long suppressed by public sanctions, may suddenly surface to overthrow the status quo when a precipitating spark reveals a critical mass of fellow dissenters.
Private preferences, long suppressed by public sanctions, may suddenly surface to overthrow the status quo when a precipitating spark reveals a critical mass of fellow dissenters.
Systems Competition and Network Effects (9/26/2000)
A dominant network based on a near universal standard can internalize a great deal of system externality to the benefits of network users and can persist even in the face of technically superior competing networks.
A dominant network based on a near universal standard can internalize a great deal of system externality to the benefits of network users and can persist even in the face of technically superior competing networks.
