The State of the Union and the value of ‘healthy controversy’Yoon pursues commercial diplomacy as South Korea's top salesmanVictoria Spartz passes on Senate run, to retire from Congress at end of termTurkey and the West: A Parenthesis or a Historical Shift?Our closest Afghan allies deserve better than what we've given themThe US doubles down on national security at the World Trade OrganizationBritain remains a major military power — but for how long?Warner, Rubio call for 'immediate compliance' with request for Trump, Biden classified documentsSIPRI joins high-level meeting of the Stockholm Hub on Environment, Climate and SecurityAgathe Demarais on sanctions as a foreign policy toolBook Review: Public Choice Theory and the Illusion of Grand StrategyHow the US-Philippines military pact could counter China's rising threat
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January 2006
A General Bargaining Model of Legislative Policy-making
AbstractWe present a general model of legislative bargaining in which the status quo is an arbitrary point in a multidimensional policy space. In contrast to other bargaining models, the status…
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Federalism and Incentives for Success of Democracy
AbstractSuccess and failure of democracy are interpreted as different equilibria of a dynamic political game with cost of changing leadership and incomplete information about politicians' virtue. Unitary democracy can be…
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Polls and Pounds: Public Opinion and Exchange Rate Behavior in Britain
AbstractThis article examines the relationship between government popularity and exchange rate movements in Britain since 1987. It argues that: (1) unexpected drops in the government's public support lead to currency…
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Path Dependence
Abstract I eat my peas with honey. I've done it all my life. It makes 'em taste quite funny, but it keeps them on the knife. – an old Bostonian…
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