Recently an abundance of experimental evidence has been gathered that is consonant with the notion that individual preferences are inconsistent and unstable. These empirical results potentially undermine the theoretical foundation of welfare economics, as the degree of preference lability claimed suggests that perhaps no optimization principles underlie even the most straightforward of choices....

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in defining the term social management strategy information, we can say, in short, that it is to organize social action aimed at solving problems of strategic policymaking and strategic planning of social services. direct service to the public not only means social welfare but also calls for constructive strategic policies in international atmosphere. smsi is the organized efforts of the societ...

There are sharp and persistent differences in the level of hostile takeover activity across countries. Building on institutional theory and the concept of social legitimacy, we predict that common-law (English) corporate legal traditions, policymaking stability, the extent to which stock trading is formalized, and individualism as a cultural trait increase the level of hostile takeover activity...

Can legislatures effectively check unilateral executive power? One prominent and counterintuitive finding in previous work is that executives pursue unilateral strategies less often under divided government. We consider how legislatures’ ability to retaliate against executives influences unilateralism under inter-branch conflict, arguing that it is conditional on the policymaking capacity of le...

Measuring or estimating economic slack has long been a challenge to central bank research and policymaking, particularly after a major economic event such as a financial crisis that might also affect the trend at which the economy normally expands. While it is still debatable which measure would best capture economic slack in conceptual terms, the output gap has been widely used by many. In thi...