This paper reviews the theory and historical developments that made it possible for the world's least affluent citizens to obtain the…
This paper considers two paradoxes concerning the relationship between capital investment decisions and competition. First, conventional…
A broad array of law enforcement strategies, from income tax to bank regulation, involve self-reporting by regulated agents and auditing of…
The canonical theory of taxation holds that the incidence of a tax is independent of the
side of the market which is responsible for…
This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and…
/publications/neighbors-and-evolution-comparative-advantage-nations-evidence-international-knowledge
The literature on knowledge diffusion shows that it decays strongly
with distance. In this paper we document that the probability that
a…
American politicians often take it for granted that national security would be enhanced by accelerating domestic oil production, through…
This working paper seeks to determine the preferences of Boston parents for certain school attributes. It analyzes data provided by the…
Climate change is a complex long-run phenomenon. The speed and severity with which it is occurring is difficult to observe, complicating…
The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as…