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Tag Archives: Law

My Conversation with Alain Bertaud

Excellent throughout, Alain put on an amazing performance for the live audience at the top floor of the Observatory at the old World Trade Center site.  Here is the audio and transcript, most of all we talked about cities.  Here is one excerpt: COWEN: Will America create any new cities in the next century? Or are we just done? BERTAUD: Cities need a good location. This is a debate I had with Paul Romer when he was interested in charter cities. He had decided that he could create 50 charter...

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From the comments, on the Coase theorem

#1 on prefiguring of the so-called Coase theorem, consider also p. 396-7 of W.H. Hutt, “Co-ordination and the Size of the Firm,” South African Journal of Economics 2(4), December 1934: “Now, under one ownership, their relations would, given competitive institutions, be exactly the same, provided that both methods were equally efficient from the social standpoint. There is no reason why the spreading of the lines of responsibility back to several sources should lead to less...

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How strong is the evidence that the EITC boosts labor supply?

New work from Henrik Kleven: This paper reconsiders the impact of the Earned Income Tax Credit (EITC) on labor supply at the extensive margin. I investigate every EITC reform at the state and federal level since the inception of the policy in 1975. Based on event studies comparing single women with and without children, or comparing single mothers with different numbers of children, I show that the only EITC reform associated with clear employment increases is the expansion enacted in 1993....

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What should I ask Henry Farrell?

I will be doing a Conversation with him, no associated public event.  As you read blogs, you might know Henry’s longstanding work over at CrookedTimber, and also his role in Monkey Cage.  Henry is also professor of political science at George Washington University, has with Abraham L. Newman recently published a path-breaking book on the increasingly important concept of weaponized interdependence, is an expert on comparative labor relations, and is an all-around polymath, including on...

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The ho-hum of environmental politics

For better or worse, it is not the source of so much political romance or glamour: The public influences government policy primarily through elections. Elections affect policy largely by determining which party controls the government. We show that a majority of the public supports policies to protect the environment. But the environment is rarely the most important issue for voters, and thus the environment usually does not have a large impact in elections. Moreover, there are increasingly...

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How Harvard makes admissions decisions

Here are some new and very thorough results from Peter Arcidiacono, Josh Kinsler, and the excellent Tyler Ransom: The lawsuit Students For Fair Admissions v. Harvard University provided an unprecedented look at how an elite school makes admissions decisions. Using publicly released reports, we examine the preferences Harvard gives for recruited athletes, legacies, those on the dean’s interest list, and children of faculty and staff (ALDCs). Among white admits, over 43% are ALDC. Among admits...

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Why we will end up piercing the corporate veil

The internet is one big reason why we will find it increasingly difficult to separate out the assets of a company from the assets of its founders or CEOs, as I discuss in my latest Bloomberg column: More important, social media personalizes agency — in effect, making it easier to accuse particular individuals of wrongdoing. Mark Zuckerberg, Jeff Bezos, and the Koch brothers all have images or iconic photos that can be put into a social media post, amplifying any attack on their respective...

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Lebanese/Gaza marriage markets in everything

Political parties sponsor weddings for young members to reinforce their loyalty, and gratitude. Religious and ethnic minorities — which means everyone in splintered Lebanon — consider marriage and procreation essential to their long-term survival. And armed groups encourage their fighters to marry so that their children can become the fighters of the future. A few weeks before the Maronite nuptials, Hezbollah, the Shiite militant group and political party, oversaw a similar enormous wedding...

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Yak loose in Virginia after escaping transport to the butchers

A yak is on the loose in the US state of Virginia after escaping from a trailer on its way to the butchers. Meteor, a three-year-old who belongs to farmer Robert Cissell of Nature’s Bridge Farm in Buckingham, Virginia, has been missing since Tuesday. Mr Cissell told the BBC Meteor had been raised for meat and described the animal as “aloof”. He said if captured the yak would “most likely live out his life here with our breeding herd”. Kevin Wright, an animal...

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Why the Supreme Court must protect our constitution

This is a very short post about a critical matter. It will not be a 'on the one hand, on the other' type of discussion because there is one overwhelming argument. It is about protecting our parliamentary democracy, a democracy that in one area in particular relied on norms of behaviour that have now been broken. The Prime Minister has shut down parliament for his own political reasons, and the only institution that can stop both that and a Prime Minister doing it in the future is the UK’s...

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