Economic Research Papers

The recent literature suggests that Örst announcements of real output growth in the US have predictive power for the future course of the economy. We show that this need [...]

This paper compares default incentives in competitive sovereign debt markets when leaders can be either democratically elected or dictators. When leaders can be replaced [...]

Journalists and others have asked me whether the favourable RAE 2008 results for UK economics are believable. This is a fair question. It also opens up a broader and more [...]

Some studies on child labor have shown that, at the level of the household, greater land wealth leads to higher child labor, thereby casting doubt on the hypothesis that [...]

In this paper, we analyze the cost allocation problem when a group of agents or nodes have to be connected to a source, and where the cost matrix describing the cost of c [...]

The paper tells the story of a pensioner’s fight against a local mafia of Soviet party and government officials and farm managers in a remote rural locality in the 1950 [...]

Many firms have more than one blockholder, but finance theory suggests that one blockholder should be sufficient to bestow all benefits on a firm that arise from concentr [...]