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Business Address
Birth Date: June 13, 1940
University of Vienna
Oskar Morgenstern-Platz 1
A-1090 Vienna
Citizenship: Austrian
United States
Marital Status: Married
Home Telephone: (+43-1) 407 35 34
Office Telephone: (+43-1) 4277-37408
Ph.D. in Economics, Princeton University
B.S. in Mathematics (Magna cum Laude), Colorado College
Dissertation Topic
The Determinants of Industrial Research and Development
since Oct. 2008
Professor, Emeritus, University of Vienna
Professor, University of Vienna
Visiting Fellow, University of Cambridge
Visiting Professor, Department of Economics and Centre for Policy Studies, Monash
Guest Scholar, International Monetary Fund (January-March)
Director, International Institute of Management/Industrial Policy (Berlin, West
Fellow, International Institute of Management/Industrial Policy (Berlin, West Germany)
Federal Trade Commission, Research Contract
Professor, University of Maryland-College Park
Senior Research Fellow, International Institute of Management (Berlin, West Germany)
Postdoctoral Fellow, Center for Study of Public Choice, Virginia Polytechnic Institute
and State University
Associate Professor, Cornell University
Assistant Professor, Cornell University
Research Associate, The Brookings Institution
Assistant Professor, Simon Fraser University
Advisor (Referent), FWF (Austrian Science Fund), 8/2003-8/2005
President, Public Choice Society, 1984-1986
President, Industrial Organization Society, 1985, 1993
President, Southern Economic Association, 1987
President, E.A.R.I.E. (European Association for Research in Industrial Economics), 1989-1991
Recipient, Division Teaching Excellence Award, 1985-86
Fulbright Fellowship, Marmara University, Istanbul, 1987
Georgescu-Roegen Prize in Economics, best article in the Southern Economic Journal, 1993-94
President, International Joseph A. Schumpeter Society, 1996-98
Corresponding Member, Austrian Academy of Sciences, 5/1996Fellow of the International Journal of Industrial Organization, 1997
President European Public Choice Society, 1999-2001
Senior Associate, Judge Institute of Management Studies, University of Cambridge, 2001IVA (Interessensverband für Anleger) - Award 2002 together with Klaus Gugler and Burcin Yurtoglu
Research Professor, DIW (Deutsches Institut für Wirtschaftsforschung) Berlin, 2002-2011
Honorary Doctorate, University of Erlangen - Nürnberg, January 2003
Adjunct Scholar, Center for Study of Public Choice, George Mason University, 2004
Distingished Fellow, Industrial Organization Society, April 2004
Honorary Doctorate, University of Göteborg, October 2004
Honorary Doctorate, Jönköping University, September 2010
Constitutional Political Economy
Editorial Board
Public Choice
Social Justice Research
The Review of Industrial Organization
International Journal of the Economics of Business
IB Review
Politics, Philosophy and Economics
European Journal of Political Economy
National Science Foundation
American Economic Review
Journal of Industrial Economics
Journal of Law, Economics and Organization
Economic Journal
Quarterly Journal of Economics
Review of Economics & Statistics
American Political Science Review
Journal of Political Economy
Economic Inquiry
Review of Industrial Organization
Grants and Contracts
Thyssen Stiftung Grant (with Mancur Olson and Bruno Frey), 1984-86
DFG (German NSF) Research Grant, 1981-83
Department of Energy Research Contract, 1979
NSF Research Grant, 1972-73
NSF Research Grant, 1969-70
NSF Graduate Fellowship, 1962-65
IRIS Research Grants, 1991, 1992
Austrian National Bank, 1996-1998
Austrian National Bank, 1999-2002
Austrian National Bank, 2003-2006
Austrian National Bank, 2007-2010
Congressional Testimony
"The Determinants and Effects of Conglomerate Mergers," before Senate Subcommittee on Antitrust
and Monopoly, March 23, 1979.
"Conglomerate Mergers and the Petroleum Industry," before Senate Judiciary Committee, July 24,
Re Anti-merger Legislation, before House Subcommittee on Monopolies and Commercial Law,
October 6, 1983.
Re Banking Deregulation, before House Committee on Banking, Finance and Urban Affairs, May 9,
Books and Monographs
Public Choice, Cambridge, England: Cambridge University Press, 1979 (also available in Spanish, French and
Chinese translations).
The Determinants and Effects of Mergers: An International Comparison (editor and contributor), Cambridge,
Mass.: Oelgeschlager, Gunn, and Hain, 1980.
The Political Economy of Growth (editor and contributor), Yale University Press, New Haven, 1983.
The Determinants of Persistent Profits, Federal Trade Commission, Washington, 1983.
Profits in the Long Run, Cambridge, England: Cambridge University Press, 1986.
The Modern Corporation: Profits, Power, Growth and Performance (collection of previously published
articles), Brighton, England: Wheatsheaf Books Ltd., 1986.
The Corporation: Growth, Diversification, and Mergers, London: Harwood Academic Publishers, 1987.
Public Choice II, Cambridge, England: Cambridge University Press, 1989 (Japanese translation, Tokyo:
Yuhikaky, 1993; Italian translation, Napoli: Idelson, 1997; Chinese translation, 1999; Belgium translation, 2009,
Korean translation, 2009).
The Dynamics of Company Profits (editor and contributor), Cambridge, England: Cambridge University Press,
The Public Choice Approach to Politics (collection of previously published articles), London: Edward Elgar,
Constitutional Democracy, Oxford: Oxford University Press, 1996.
Perspectives on Public Choice (editor and contributor), Cambridge: Cambridge University Press, 1997.
Competition, Efficiency and Welfare: Essays in Honor of Manfred Neumann (coeditor with Alfred Haid and
Jürgen Weigand, and contributor), Dordrecht: Kluwer Academic Publishers, 1998.
Capitalism and Democracy in the 21st Century (co-editor with Uwe Cantner), Heidelberg: Physica-Verlag,
The Economics of Politics (editor), 2 volumes, The International Library of Critical Writings in Economics 131,
Cheltenham: Edward Elgar, 2001.
Public Choice III, Cambridge: Cambridge University Press, 2003 (Russian translation, 2007; Croatian
translation, 2008; French translation, 2009; Korean translation, 2009).
The Corporation - Investment, Mergers, and Growth, London: Routledge, 2003.
Capitalism and Democracy (collection of previously published and unpublished articles), Cheltenham: Edward
Elgar, 2003.
A Constitution for the European Union (co-editor with Charles B. Blankart), Cambridge, MA: The MIT Press,
(CESifo Seminar Series), 2004.
The Modern Firm, Corporate Governance and Investment (co-editor with Per-Olof Bjuggren), Cheltenham:
Edward Elgar, 2009.
Reason, Religion, and Democracy, Cambridge: Cambridge University Press, 2009.
The Oxford Handbook of Capitalism (editor), Oxford: Oxford University Press, 2012.
Mergers, Special Issue of the International Journal of Industrial Organization, March 1989, editor.
“Deregulation in Retrospect,” Southern Economic Journal, 59, Jan. 1993, pp. 436-514 (editor).
"Patents, Research and Development, and the Measurement of Inventive Activity," Journal of
Industrial Economics, XV, November 1966, pp. 26-37.
"The Firm Decision Process: An Econometric Investigation," Quarterly Journal of Economics, LXXXI,
February 1967, pp. 58-87. Reprinted in Douglas Needham, ed., Readings in the Economics of
Industrial Organization, (New York: Holt, Rinehart and Winston, Inc., 1970); also reprinted in Kristan
S. Palda, ed., Readings in Managerial Economics (Englewood Cliffs, Prentice-Hall, 1973).
"The Possibility of a Social Welfare Function: Comment," American Economic Review, LVII,
December 1967, pp. 1304-11.
"Research and Development Costs as a Barrier to Entry" (with John E. Tilton), Canadian Journal of
Economics, November 1969, pp. 570-79; reprinted in: D.B. Audretsch and S. Klepper (eds.),
“Innovation, Evolution of Industry and Economic Growth,” Cheltenham: Edward Elgar, forthcoming.
"A Theory of Conglomerate Mergers," Quarterly Journal of Economics, LXXXIII, November 1969,
pp. 643-59. Reprinted in G. Marchildon, ed., Mergers and Acquisitions, London: Edward Elgar, 1991.
"The Use of Econometrics in Industrial Organization" (with Henry Grabowski), American Economic
Review, LX, May 1970, pp. 100-04.
"Non-Price Competition in the Cigarette Industry: A Comment" (with Henry Grabowski), Antitrust
Bulletin, XV, Winter 1970, pp. 679-86.
"Imitative Advertising in the Cigarette Industry" (with Henry Grabowski), Antitrust Bulletin, XVI,
Summer 1970, pp. 257-92.
"The Pareto Optimal Approach to Income Redistribution: A Fiscal Application" (with George M. von
Furstenberg), American Economic Review, LXI, September 1971, pp. 628-37.
"Fiscal Federalism and Constitutional Democracy," Public Policy, XIX, Fall 1971, pp. 567-93.
"Managerial and Stockholder Welfare Models of Firm Expenditures" (with Henry Grabowski), Review
of Economics and Statistics, 54, February 1972, pp. 9-24.
"Representative Democracy via Random Selection" (with Robert Tollison and Thomas D. Willett),
Public Choice, XII, Spring 1972, pp. 57-68; reprinted in Peter Stone, ed., Lotteries in Public Life,
Exeter, UK: Imprint Academic, pp. 47-58.
"A Life Cycle Theory of the Firm," Journal of Industrial Economics, 20, July 1972, pp. 199-219.
"The Social Gains from Exchanging Votes: A Simulation Approach" (with Geoffrey Philpotts and
Jaroslav Vanek), Public Choice, XIII, Fall 1972, pp. 55-79.
"Constitutional Democracy and Social Welfare," Quarterly Journal of Economics, LXXXVII, February
1973, pp. 60-80.
"On Equalizing the Distribution of Political Income" (with Robert Tollison and Thomas D. Willett),
Journal of Political Economy, 82, March/April 1974, pp. 414-22, reprinted in James M. Buchanan and
Robert D. Tollison, eds., The Theory of Public Choice-II, Ann Arbor: University of Michigan Press,
"A Normative Theory of Representative Democracy" (with Robert Tollison and Thomas D. Willett),
Quantitative Methods of Representation (New York: New York Academy of Sciences, 1973), pp. 5-19.
"Intergenerational Justice and the Social Discount Rate," Theory and Decision, 5, October 1974, pp.
"Achieving the Just Polity," American Economic Review, 64, May 1974, pp. 147-52.
"Solving the Intensity Problem in a Representative Democracy" (with Robert Tollison and Thomas
Willett) in R. Amacher, R. Tollison and T. Willett, Political Economy and Public Policy: Readings in
the Relevance of Economics as a Guide for Social Policy (Ithaca: Cornell University Press, 1976), and
in Robert D. Leiter and Gerald Sirkin, eds., Economics of Public Choice (New York: Cyrco Press,
"The Utilitarian Contract: A Generalization of Rawls' Theory of Justice" (with Robert Tollison and
Thomas Willett), Theory and Decision, 4, February/April 1974, pp. 345-367.
"Life-Cycle Effects on Corporate Returns on Retentions" (with Henry Grabowski), The Review of
Economics and Statistics, 57, November 1975, pp. 400-09.
"Public Choice: A Survey," The Journal of Economic Literature, 14, June 1976, pp. 395-433, reprinted
in James M. Buchanan and Robert D. Tollison, eds., The Theory of Public Choice-II, Ann Arbor:
University of Michigan Press, 1984.
"Information, Mobility and Profit," Kyklos, 29, Fasc. 3, 1976, pp. 419-48; reprinted in: D.B. Audretsch
and S. Klepper (eds.,) “Innovation, Evolution of Industry and Economic Growth”, Cheltenham: Edward
Elgar, forthcoming.
"Urban Systems Dynamics: A Comparative Static Analysis of Population Growth with Some Policy
Implications" (with C. Huang and I. Vertinsky), Behavioral Science, 21, July 1976, pp. 263-73.
"Allocation, Redistribution and Collective Choice," Public Finance, 32, November 1977, pp. 225-44.
"The Persistence of Profits Above the Norm," Economica, 44, November 1977, pp. 369-80.
"The Effects of Conglomerate Mergers: A Survey of the Empirical Evidence," Journal of Banking and
Finance, 1, December 1977, pp. 315-47. Reprinted in Cheng-few Lee, ed., Financial Analysis and
Planning: Theory and Application, A Book of Readings, Reading, Mass.: Addison-Wesley, 1983, pp.
450-82. Reprinted in G. Marchildon, ed., Mergers and Acquisitions, London: Edward Elgar, 1991.
"Voting by Veto," Journal of Public Economics, 10, August 1978, 57-75, reprinted in Jean Jacques
Laffont, Aggregation and the Revelation of Preferences, Amsterdam: North-Holland Publishing Co.,
1979, and in James M. Buchanan and Robert D. Tollison, eds., The Theory of Public Choice II, Ann
Arbor: University of Michigan Press, 1984.
"The Social Costs of Monopoly Power" (with Keith Cowling), Economic Journal, 88, December 1978,
pp. 727-48; reprinted in J.M. Buchanan, R.D. Tollison and G. Tullock, eds., Towards a Theory of the
Rent-Seeking Society, College Station, Texas: Texas A&M Press, 1980; reprinted in R.D. Congleton,
A.L. Hillman and K.A. Konrad, eds., 40 Years of Research on Rent Seeking 2, Berlin/Heidelberg:
Springer, 2008, pp. 67-88.
"Industrial Research and Development, Intangible Capital Stocks, and Firm Profit Rates" (with Henry
Grabowski), Bell Journal of Economics, 9, Autumn 1978, pp. 328-43.
"The Corporation, Competition, and the Invisible Hand" (with Robin Marris), Journal of Economic
Literature, 18, March 1980, pp. 32-63; reprinted in Edwin Mansfield, ed., Microeconomics: Selected
Readings, fifth ed., W.W. Norton.
"Do We Want a New Tough Antimerger Law?" Antitrust Bulletin, 24, Winter 1979, 807-36, reprinted
in Michael Keenan and Lawrence J. White, eds., Mergers and Acquisitions, Lexington, Mass.:
Lexington Books, 1982, pp. 169-90.
"The Social Contract and Collective Choice," in Karl W. Roskamp, ed., Proceedings of 1978 IIPF
Congress, Paris, Cujas, 1980.
"The Case Against Conglomerate Mergers," in Roger Blair and Robert Lanzillotti, eds., The
Conglomerate Corporation, Cambridge, Mass.: Oelgeschlager, Gunn, and Hain, 1981.
"Power and Profit in Hierarchical Organizations," Statsvetenskaplig Tidskrift (The Swedish Journal of
Political Science), N.5, 1980, pp. 293-302, reprinted in Manfred J. Holler, ed., Power, Voting and
Voting Power (Wurzburg: Physica-Verlag, 1981), pp. 65-77.
"The Social Costs of Monopoly Power Revisited" (with K. Cowling), Economic Journal, 91,
September 1981, pp. 721-25.
"Redistribution, Growth, and Political Stability," American Economic Review, 72, May 1982, pp. 15559.
"Mueller on Buchanan," in Henry W. Spiegel and Warren J. Samuels, eds., Contemporary Economists
in Perspective, Greenwich, Conn.: JAI Press, 1984, pp. 557-69.
"Voting by Veto and Majority Rule," in Horst Hanusch, ed., Public Finance and the Quest for
Efficiency, Detroit: Wayne State University Press, 1984, pp. 69-85.
"Further Reflections on the Invisible Hand Theorem," in Peter Wiles and Guy Routh, eds., Economics
in Disarray, Oxford: Basil Blackwell, 1984, pp. 159-83.
"Cooperation and Conflict in Contractual Organizations" (with Felix FitzRoy), Quarterly Review of
Economics and Business, 24, Winter 1984, pp. 24-49.
"Interest Groups and the Political Economy of Government Size" (with Peter Murrell), in Francesco
Forte and Alan Peacock, eds., Public Expenditure and Government Growth, Oxford: Basil Blackwell,
1985, pp. 13-36.
"Mergers and Market Shares, Review of Economics and Statistics, 67(2), May 1985, pp. 259-67.
"United States' Antitrust: At the Crossroads," in Henk W. de Jong and W. Geoffrey Shepherd, eds.,
Mainstreams in Industrial Organization, Dordrecht: Kluwer Academic Publishers, 1986, pp. 215-41.
"Das Antitrustrecht der Vereinigten Staaten am Scheideweg," Wirtschaft und Wettbewerb, 36,
July/August 1986, pp. 533-54 (German translation of "U.S. Antitrust: At the Crossroads").
"Persistent Performance Among Large Corporations," in Lacy Glenn Thomas, III, ed., Economics of
Strategic Planning, Lexington, Mass.: D.C. Heath and Co., 1986, pp. 31-61.
"Interest Groups and the Size of Government" (with Peter Murrell), Public Choice, 48(2), 1986, pp.
"Rational Egoism Versus Adaptive Egoism as Fundamental Postulate for a Descriptive Theory of
Human Behavior," Public Choice, 51, 1986, pp. 3-23.
"Are Acquiring-Firm Shareholders Better Off after an Acquisition?" (with Ellen Magenheim), in
Coffee, John, Lowenstein, Louis, and Rose-Ackerman, Susan, Knights, Raiders and Targets, Oxford:
Oxford University Press, 1988, pp. 171-93.
"The Voting Paradox" in Rowley, Charles K., ed., Democracy and Public Choice, Oxford: Basil
Blackwell, 1987, pp. 77-99.
"The Growth of Government: A Public Choice Perspective," International Monetary Fund Staff
Papers, 34(1), March 1987, pp. 115-49.
"Anarchy, the Market, and the State," Southern Economic Journal, 54, April 1988, pp. 821-30.
"The Effects of Mergers" in Terry Calvani and John Siegfried, eds., Economic Analysis and Antitrust
Law, Boston: Little, Brown, and Co., 1988, pp. 303-21.
"The Corporate Life Cycle" in Steve Thompson and Mike Wrights, eds., Internal Organization,
Efficiency and Profit, Oxford: Phillip Allan, 1988, pp. 38-64.
"Probabilistic Majority Rule," Kyklos, 42(2), 1989, pp. 151-70.
"Mergers: Cause, Effects, and Policies," International Journal of Industrial Organization, 7, March
1989, pp. 1-10.
"Individualism, Contractarianism, and Morality," Social Justice Research, 3, March 1989, pp. 1-19.
"Democracy: The Public Choice Approach" in Geoffrey Brennan and Loren Lomasky, eds., Politics
and Process: New Essays in Democratic Thought, Cambridge: Cambridge University Press, 1989, pp.
"James M. Buchanan: Economist cum Contractarian," Constitutional Political Economy, 1(2),
Spring/Summer 1990, pp. 169-96.
"A Model of Electoral Competition with Interest Groups," (with Peter Coughlin and Peter Murrell),
Economic Letters, 32, 1990, pp. 307-11.
"Brennan's Coherent Merit Goods Argument," in Geoffrey Brennan and Cliff Walsh, eds., Rationality,
Individualism and Public Policy, Canberra: Australian National University, 1990, pp. 119-24.
"Electoral Politics, Interest Groups and the Size of Government," (with Peter Coughlin and Peter
Murrell), Economic Inquiry, 28, October 1990, pp. 682-705.
"Public Choice and the Consumption Tax," in Manfred Rose, ed., Heidelberg Congress on Taxing
Consumption, Berlin: Springer-Verlag, 1990, pp. 227-46.
"Public Choice Theory," in David Greenaway, Michael Bleaney, and Ian Stewart, eds., Companion to
Contemporary Economic Thought, London: Routledge, 1991, pp. 207-51.
"Entry, Exit, and the Competitive Process," in P.A. Geroski and J. Schwalbach, eds., Entry and Market
Contestability: An International Comparison, Oxford: Basil Blackwell, 1991, pp. 1-22.
"Profit Rates and Intangible Capital," (with Pamela Megna), Review of Economics and Statistics, 73,
Nov. 1991, pp. 632-42.
"Choosing a Constitution in East Europe: Lessons from Public Choice," Journal of Comparative
Economics, 15, June 1991, pp. 325-48.
"Constitutional Rights," Journal of Law, Economics, and Organization, 7, September 1991, pp. 313-33.
"Comment" on "Amending the Economist's 'Rational Egoist' Model to Include Moral Values and
Norms," in Kenneth J. Koford and Jeffry B. Miller, eds., Social Norms and Economic Institutions, Ann
Arbor, Mich.: University of Michigan Press, 1991, pp. 103-6.
“The Corporation and the Economist,” International Journal of Industrial Organization, 10(2), June
1992, pp. 147-70; reprinted in D. Hausmann, ed., The Philosophy of Economics: An Anthology, 2nd ed.,
Cambridge: Cambridge University Press, 1993.
"The Persistence of Profits" in Dimitri B. Papadimitriou, ed., Profits, Deficits and Instability, London:
Macmillan Press, 1992, pp. 82-102.
"Mergers," The New Palgrave Dictionary of Money and Finance, London: Macmillan, 1992.
"On the Foundations of Social Science Research," Analyse & Kritik, Dec. 1992, pp. 195-220.
"U.S. Merger Policy and the 1992 Merger Guidelines," Review of Industrial Organization, 8, 1993, pp.
"The Future of Public Choice," Public Choice, 77, 1993, pp. 145-50.
"Parliamentary Systems in a Heterogeneous Society," Economia Delle Scelte Pubbliche, March/Dec.
1992, 10, pp. 119-36.
"Rates of Return on Investment" (with Elizabeth Reardon), Southern Economic Journal, 60, Oct. 1993,
pp. 430-53.
"Informative and Persuasive Campaigning" (with Thomas Stratmann), Public Choice, 81(1-2), 1994,
pp. 55-77.
"Business and Industrial Organization Research: Synergy or Shotgun Marriage?" Journal of the
Economics of Business, 1994, 1(1), pp. 27-30.
"American and European Economists," Kyklos, 1995, 48(2), pp. 251-55.
"Mergers: Theory and Evidence," in G. Mussati, ed., Mergers, Markets and Public Policy, Dordrecht:
Kluwer Academic Publishers, 1995, pp. 9-43.
"On Modeling Interpersonal Behavior," Rationality and Society, October 1995, 7(4), pp. 404-415.
"Investment and Cash Flow: Asymmetric Information or Managerial Discretion," (with Rajat Kathuria),
Empirica, 1995, 22(3), pp. 211-34.
"Fédéralisme et Union Européenne: Une Perspective Constitutionelle", Revue d'économie politique
105, 1995, 779-805 (French translation of "Federalism and the European Union: A Constitutional
"Lessons from United States's Antitrust History," International Journal of Industrial Organization,
June 1996, 14(4), pp. 415-445.
"Representative Government and Probabilistic Majority Rule," Public Economics Review, June 1996,
inaugural issue, pp. 61-84.
"Constitutional and Liberal Rights," Analyse & Kritik, September 1996, 18, pp. 96-117.
"Constitutional Quandaries in Europe," Constitutional Political Economy, 1996, 7(4), pp. 293-302.
"Antimerger Policy in the United States: History and Lessons," Empirica, 1996, 23(3), pp. 229-53.
"Capitalism and Democracy in Northeast Asia: Present and Prospects," Public Economics Review,
December 1996, 1(2), pp. 1-32.
“Federalism and the European Union: A Constitutional Perspective,” Public Choice, 90, 1997, pp. 25580; reprinted in C.K. Rowley (ed.), Constitutional Political Economy in a Public Choice Perspective,
Dordrecht: Kluwer.
“Managerial Discretion and Managerial Compensation” (with Lawrence Yun), International Journal of
Industrial Organization, 1997, 15, pp. 441-54.
“Competition and Competition Policies in the United States and Europe”, in Jörn Kruse, Kurt
Stockmann and Lothar Vollmer (eds.), Wettbewerbspolitik im Spannungsfeld nationaler und
internationaler Kartellrechtsordnungen (Festschrift für Ingo Schmidt), Baden-Baden: Nomos, 1997,
pp. 51-66.
“Should the European Parliament be Given the Power to Elect the Commission”, Comment to Michael
Laver, Außenwirtschaft, 52 (I/II), 1997, pp. 249-53.
“Constitutional Democracy: An Interpetation,” in: A.Breton, G.Galeotti, P.Salmon and R.Wintrobe
(eds.), Understanding Democracy, Cambridge: Cambridge University Press, 1997, pp.64-87.
“First-Mover Advantages and Path Dependence,” International Journal of Industrial Organization,
15(6), October 1997, pp. 827-50.
“Federalist Governments and Trumps,” Virginia Law Review, 83(7), October 1997, pp.1419-1432.
“Merger Policy in the United States: A Reconsideration,” Review of Industrial Organization, 12(5-6),
December 1997, pp. 655-685.
Further Comment on the Social Benefits from an Effective Antimerger Policy, Review of Industrial
Organization, 12(5-6), December 1997, pp. 701-702.
“Buchanan, James McGill,” in Peter Newman, ed., The New Palgrave Dictionary of Economics and
The Law, London: Macmillan, 1997.
“Information and Uncertainty: Power, Profits and Morality,” in: W.Leinfellner and E.Köhler (eds.),
Game Theory, Experience, Rationality, Dordrecht: Kluwer Acacemic Publishers, 1998, pp. 349-357.
“On the Appointment and Election of Judges,” in: Von der Theorie zur Wirtschaftspolitik - ein
österreichischer Weg, Festschrift für Erich Streißler, hrsg. F.Baltzarek, F.Butschek and G.Tichy,
Lucius & Lucius, Stuttgart, 1998, pp. 189-205.
“Rates of Return Over the Firm's Lifecycle” (with S. Lawrence Yun), Industrial and Corporate
Change, 7(2), 1998, pp. 347-368.
“A Global Competition Policy for a Global Economy,” in: H.Giersch (ed.), Merits and Limits of
Markets, Berlin/Heidelberg: Springer, 1998, pp. 211-235.
“Constitutional Constraints on Governments in a Global Economy,” Constitutional Political Economy,
9(3), September 1998, pp. 171-186; reprinted in: Massimo Bordignon and Domenico da Empoli (eds.),
Concorrenza Fiscale in Un’Economia Internazionale Integrata, Milano: FrancoAngeli, 1999, pp. 1133; reprinted in: Paul B. Stephan and Lewis F. Powell Jr. (eds.), Economics of European Union Law,
Cheltenham, UK: Edward Elgar, 2007.
“Objectives, Topics and Methods in Industrial Organization During the Nineties: Results from a
Survey,” (with Karl Aiginger and Christoph Weiss), International Journal of Industrial Organization,
16(6), November 1998, pp. 799-830.
“On the Decline of Nations,”, in: Peter Bernholz, Manfred E. Streit and Roland Vaubel (eds.), Political
Competition, Innovation and Growth. A Historical Analysis, Berlin/Heidelberg: Springer, 1998, pp. 5375.
“Redistribution and Allocative Efficiency in a Mobile World Economy,” in: K.-E. Schenk, D.
Schmidtchen, M. Streit and V. Vanberg (eds.), Jahrbuch für Neue Politische Ökonomie, Band 17,
Tübingen: J.C. B. Mohr, 1998, pp. 172-190.
“Pensions- und Pensionistenpolitik für das 21. Jahrhundert - Round-Table-Bemerkungen,” in: H.Löffler
und E.Streißler (eds.), Festsymposium “Sozialpolitik und Ökologieprobleme der Zukunft” der
Österreichischen Akademie der Wissenschaften anläßlich ihres 150jährigen Jubiläums, Wien: Verlag
der Österreichischen Akademie der Wissenschaften, 1999, pp. 219-222.
“On the Economic Rise and Decline of Nations,” in: J. Adams and F.Pigliaru (eds.), Economic Growth
and Change - National and Regional Patterns of Convergence and Divergence, Cheltenham, Edward
Elgar, 1999.
“Fundamental Issues in Constitutional Reform: With Special Reference to Latin America and the
United States,” Constitutional Political Economy, 10(2), June 1999, pp. 119-148.
“On Amending Constitutions,” Constitutional Political Economy, 10(4), November 1999, pp. 385-96.
“Heterogeneities within Industries and Structure-Performance Models” (with Burkhard Raunig),
Review of Industrial Organization, 15(4), December 1999, pp. 303-20.
“Capitalism, Democracy and Rational Individual Behavior,” Journal of Evolutionary Economics, 10(12), 2000, pp. 67-82.
“Country Legal Environments and Corporate Investment Performance” (with B. Burcin Yurtoglu),
German Economic Review, 1(2), May 2000, pp. 187-220.
“Implication of Restructuring for Producers, Consumers, Investors and Society at Large,” International
Journal of Global Energy Issues (proceedings of the ‘SNS Energy Day 1999'), 13(4), 2000, pp. 410-24.
Comment “Should the European Parliament be Given the Power to Elect the Commission?”, in:
P.Moser, G.Schneider and G.Kirchgässner, eds., Decision Rules in the European Union - A Rational
Choice Perspective, London: Mcmillan, 2000, pp. 229-33.
“Public Subsidies for Private Firms in a Federalist Democracy”, in: Gialuigi Galeotti, Pierre Salmon
and Ronald Wintrobe (eds.), Competition and Structure: The Political Economy of Collective
Decisions: Essays in Honor of Albert Breton, Cambridge and New York: Cambridge University Press,
2000, pp.339-363.
“On Writing a Constitution,” in: R. Mudambi, P. Navarra and G.Sobbrio (eds.), Rules & Reasons,
Cambridge: Cambridge University Press, 2001, pp. 9-32.
“Public Choice after 50 Years, Bruno Frey after 60," Kyklos, Vol.54-2001-Fasc.2/3, pp. 343-54. Bruno
S. Frey on the occasion of his 60th birthday, pp. 343-53.
“Centralism, Federalism and the Nature of Individual Preferences,” Constitutional Political Economy,
12(2), June 2001, pp. 161-72.
“Delusions Regarding the Proper Role of Markets and Antitrust Policy,” Review of Industrial
Organization, 19(1), August 2001, pp. 27-36..
“The Importance of Uncertainty in a Two-Stage Theory of Constitutions,” Public Choice, 108(3-4),
September 2001, pp. 223-58; reprinted in G.Brennan, H.Kliemt and R.D. Tollison, eds., Method and
Morals in Constitutional Economics - Essays in Honor of James M. Buchanan, 2002, Berlin: Springer:
pp. 133-72; reprinted in St. Voigt, ed., Constitutional Political Economy, Cheltenham: Edward Elgar,
“Do American and European Industrial Organization Economists Differ?”(with Karl Aiginger, Mark
McCabe and Christoph Weiss), Review of Industrial Organization, 19(4), December 2001, pp. 383-405.
“Alternativen der parlamentarischen Demokratie” (with Charles B. Blankart), Perspektiven der
Wirtschaftspolitik, 3(1), 2002, pp. 1-21.
“Defining Citizenship,” Theoretical Inquiries in Law, 3(1), January 2002, pp. 151-166.
“Constitutional Issues Regarding European Union Expansion,” in: B. Steunenberg (ed.), Widening the
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