The BP Deepwater Horizon oil spill highlighted the glaring weakness in the current liability and regulatory regime for oil spills and for…
Movements in asset prices are a major risk confronting individuals. This paper establishes new asset pricing results when agents differ in…
This paper investigates whether leading indicators can help explain the cross-country incidence of the 2008-09 financial crisis. Rather…
We document the loan provisions in 401(k) savings plans and how participants use 401(k) loans. Although only about 22% of savings plan…
This paper revisits the logic of pursuing parallel R&D paths when there is uncertainty as to which approaches will succeed technically…
In this paper we examine several dimensions of gender disparity for a sample of 40 countries using micro-level data. We start by…
Please note this paper has been archived. Please see RWP12-055 for the latest revised version.
Original abstract: In a world of imperfect…
Little is written about the critical success factors that make or break a project implementing a public financial management reform in…
We examine several hypotheses regarding the determinants and implications of political protest,
motivated by the wave of popular uprisings…
We construct the topology of business networks across the population of firms in an emerging
economy, Pakistan, and estimate the value that…