• Publications
  • Influence
Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England
The article studies the evolution of the constitutional arrangements in seventeenth-century England following the Glorious Revolution of 1688. It focuses on the relationship between institutions andExpand
  • 3,784
  • 103
  • PDF
The Economic Role of Political Institutions: Market-Preserving Federalism and Economic Development
Thriving markets require not only an appropriately designed economic system, but a secure political foundation that limits the ability of the state to confiscate wealth. This requires a form ofExpand
  • 1,756
  • 73
A Conceptual Framework for Interpreting Recorded Human History
Preface 1. The conceptual framework 2. The natural state 3. The natural state applied: English land law 4. Open access orders 5. Explaining the transition from limited to open access orders: theExpand
  • 1,303
  • 49
  • PDF
The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics
This essay offers a rational political explanation for the notorious inefficiency of pork barrel projects with an optimization model of legislative behavior and legislative institutions. The modelExpand
  • 1,546
  • 47
  • PDF
Regional decentralization and fiscal incentives: Federalism, Chinese style
March 1999 Second generation theories of federalism extend traditional approaches by systematically studying the role of government incentives in economic performance. Providing government with theExpand
  • 832
  • 40
  • PDF
The role of institutions in the revival of trade: the law merchant
A good reputation can be an effective bond for honest behavior in a community of traders if members of the community know how others have behaved in the past – even if any particular pair of tradersExpand
  • 1,395
  • 39
  • PDF
Second generation fiscal federalism: The implications of fiscal incentives
First generation fiscal federalism (FGFF) studies the performance of decentralized systems under the assumption of benevolent social planners. Second generation fiscal federalism (SGFF) studiesExpand
  • 421
  • 32
  • PDF
Federalism as a Commitment to Reserving Market Incentives
Fall, 1997 Journal of Economic Perspectives, Volume 11, Number 4, pp.83-92, Fall 1997 We advance a new perspective in the study of federalism. Our approach views federalism as a governance solutionExpand
  • 978
  • 31
The Political Foundations of Democracy and the Rule of the Law
This paper develops a game-theoretic approach to the problem of political officials' respect for political and economic rights of citizens. It models the policing of rights as a coordination problemExpand
  • 1,256
  • 29
  • PDF