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The Rise And Rise Of The One Percent: Getting To Thomas Piketty's Wealth Dystopia, Shi-Ling Hsu
The Rise And Rise Of The One Percent: Getting To Thomas Piketty's Wealth Dystopia, Shi-Ling Hsu
Shi-Ling Hsu
Thomas Piketty's Capital in the Twenty-first Century, which is surely one of the very few economics treatises ever to be a best-seller, has parachuted into an intensely emotional and deeply divisive American debate: the problem of inequality in the United States. Piketty's core argument is that throughout history, the rate of return on private capital has usually exceeded the rate of economic growth, expressed by Piketty as the relation r > g. If true, this relation means that the wealthy class – who are the predominant owners of capital – will grow their wealth faster than economies grow, which …
A Game-Theoretic Model Of International Climate Change Negotiations, Shi-Ling Hsu
A Game-Theoretic Model Of International Climate Change Negotiations, Shi-Ling Hsu
Shi-Ling Hsu
Exactly why the nations of the world have had difficulty in reaching agreement on reducing greenhouse gases that cause climate change is something of a puzzle. Although the future generations that will suffer the greater costs from climate change will probably be wealthier, the non-trivial risks that climate change will be catastrophic would seem to merit the collective purchase of some insurance in the form of greenhouse gas mitigation. Political economy, collective action, and psychological explanations all play a part in accounting for the international impasse, but all are incomplete. This article presents a simple game-theoretic model that illustrates the …
Regulating Greenhouse Gases In Canada: Constitutional And Policy Dimensions, Shi-Ling Hsu, Robin Elliot
Regulating Greenhouse Gases In Canada: Constitutional And Policy Dimensions, Shi-Ling Hsu, Robin Elliot
Shi-Ling Hsu
Canada’s greenhouse gas emissions have risen dramatically since the 1997 negotiation of the Kyoto Protocol, and that rise has continued through Canada’s 2002 ratification of the Protocol. Along with economic dislocation, constitutional barriers to regulation have sometimes been cited as the reason for caution in regulating greenhouse gases. This article critically evaluates the constitutional arguments and examines the policy considerations surrounding various regulatory instruments that might be used to reduce greenhouse gases. We conclude that the Canadian constitution does not present any significant barriers to federal or provincial regulation and that policy considerations strongly favour the use of two instruments: …
What Is A Tragedy Of The Commons? Overfishing And The Campaign Spending Problem, Shi-Ling Hsu
What Is A Tragedy Of The Commons? Overfishing And The Campaign Spending Problem, Shi-Ling Hsu
Shi-Ling Hsu
Over the thirty-seven years since its publication, Garden Hardin's "Tragedy of the Commons" has clearly become one of the most influential writings of all time. The tragedy of the commons is one of those rare scholarly ideas that has had an enormous impact in academia and is also commonly used outside of academia. In legal scholarship, the tragedy of the commons has been used to characterize a wide variety of resource problems, including intellectual property rights, overcrowding of telecommunications spectra, air and water pollution, and of course, the classic environmental commons problem, overfishing. But I suggest this embarrassment of citation …