“...The Coase theorem states that where there are externalities and no transaction costs resource allocation is Pareto-optimal and independent of the stakeholders’...”

“...On the Ides of March, 44 BC, in the Senate House of Pompey in Rome, Julius Caesar was assassinated by conspirators, the most famous of those being Brutus. Are...”

“...We study an infinite-horizon sequential dynamic game where the players are a government and an international terrorist organization. We provide conditions for...”

“...► We use experimental economics to compare the last two versions of Molière's Tartuffe. ► The penultimate version is not consistent with experimental evidence...”

“...We study a non-convex optimal growth problem with investment enhancing labor. We prove that there exists an optimal growth path, that all optimal paths are...”

“...•We propose a two-country model of the dynamics of legal convergence.•Legal preferences can be endogenous.•We study how non-cooperative interactions can lead...”

“...► In civil (common) law countries, the principle of duty to rescue does (not) apply. ► We examine this difference by taking into account the cost of wrongful...”

“...Cooperative behavior is often observed in ordinary market transactions. To account for this observation, Robert Sugden proposes a team reasoning theory in...”

“...In this paper we study the efficient points of a closed production set with free disposal. We first provide a condition on the boundary of the production set,...”