We provide a simple framework for comparing market allocations with government-regulated allocations. Governments can collect information about individuals’types and enforce transfers across individuals. Markets (without signi…cant government intervention) have to rely on transactions that are ex post bene…cial for individuals. Consequently, governments achieve better risk sharing and consumpti...

The role of township-owned enterprises in the rapid growth of the Chinese economy during reform is widely acknowledged. Beginning in the mid-1990s, however, these firms began to be privatized. Perhaps the most striking feature of this process is that it has not occurred uniformly across townships. This raises the simple question: When and why do government leaders privatize? Drawing on a unique...

We study dynamic selection of governments under different political institutions, with a special focus on institutional "flexibility" . A government consists of a subset of the individuals in the society. The competence level of the government in office determines collective utilities (e.g., by determining the amount and quality of public goods), and each individual derives additional utility f...

This study presents the first report of Artificial Improvisation, or improvisational theatre performed live, on-stage, alongside an artificial intelligence-based improvisational performer. The Artificial Improvisor is a form of artificial conversational agent, or chatbot, focused on open domain dialogue and collaborative narrative generation. Using stateof-the-art machine learning techniques sp...

As the use of both agile and traditional methods continues to grow, the need for guidelines on how the two approaches may be used together will increase. This paper identifies the growth of both agile and formal approaches to project management then examines the origins and key elements of the two methods. The characteristics of software projects that lead to challenges in applying traditional ...