Abstract: Many redistributive programs use estimates of need to determine access. These esti- mates, in turn, depend on a formulaic combination of objective measures and subjective evaluations. Such formulas do not eliminate political influence, but instead force politicians to use industrial policy to target individuals by way of their positions as economic producers or consumers, […]

Abstract: Environmental problems often originate at least partially in other jurisdictions. We argue that trans- boundary pollution can increase public hostility towards the polluting country and break accountability links in the country that receives some of its pollution from abroad. We examine this argument in the context of trans-boundary air pollution in South Korea. South […]

Abstract: Expanded use of the Chinese currency beyond China’s own borders is an important indication of China’s growing influence in global affairs. Contrary to earlier expectations however, China has only internationalized its currency, the renminbi (RMB), on a very limited scale. While this outcome is not altogether puzzling, we argue that the conventional wisdom on […]