A principal provides budgets to agents (e.g., divisions of a firm or the principal’s children) whose expenditures provide her benefits,…
Whilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both…
This paper studies decision making by successful entrepreneurs and their agents. Since entrepreneurs decisions are often influenced by…
The financial crisis prompted financial supervisors to take a critical look at their own performance. The "toolkit" available to…
We study differences in quality in the market for third-party environmental auditors in Gujarat, India. We find that, despite the low…
This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United States. We discuss…
Mitigating climate change risks will require some form of global effort to limit emissions, adapt to a changing climate, and geo-engineer…
May 2010, we published an academic paper, “Growth in a Time of Debt.” Its main finding, drawing on data from 44 countries over 200 years,…
As the old joke about economics examinations has it, the questions do not change – only the answers do. Students in the late 1960s and…