Economics
We propose a simple framework to measure consumption insurance against income shocks that accounts for higher-order moments of the income distribution. We derive a nonlinear consumption function in which the extent of insurance varies with…
This paper investigates the heterogeneous effects of military spending news shocks on household income and wealth inequality for a large, panel of advanced and emerging economies. Confirming prior literature, we find that military spending…
Neoclassical economic theory presents marginal productivity (MP) theory using the scalar notion of marginal products, and takes pains, implicitly or explicitly, to show that competitive equilibrium satisfies the supposedly ethical…
We study linguistic indirectness when speakers attend to social ties. Social ties are modeled by a graph, and conferences are the sets of nodes that hear a message. Conference worth is a distance polynomial on the graph; allocations are…
The cost of error in many high-stakes settings is asymmetric: misdiagnosing pneumonia when absent is an inconvenience, but failing to detect it when present can be life-threatening. Because of this, artificial intelligence (AI) models used…
This paper focuses on assessing the potential of micro-credentials in digitalized higher education in the era of artificial intelligence. Micro-credentials are commonly described as mini qualifications or digital badges that certify an…
This paper analyzes a dynamic interaction between a fully rational, privately informed sender and a boundedly rational, uninformed receiver with memory constraints. The sender controls the flow of information, while the receiver designs a…
We study a regime change game in which the state and an opposition leader both observe the regime's true strength and may engage in costly communication by manipulating the mean of citizens' private signals. Each citizen then decides…
We study an overlapping-generations model of community enforcement where each agent interacts once as young and once as old across two groups. After each match a minimal, directed record assigns a public "stigma" only when a player defects…
I study whether and which expert incentives can be provided at what cost when the states of the world become non-contractible, but there is some noisy observation about the states that can be contracted upon. A principal hires an agent to…
This paper investigates the implementation and performance of a decentralized information transmission mechanism in game with complete or incomplete games. We propose a mechanism that realizes irrational correlated equilibria or irrational…
This study investigates the causal effects of open-water swim drafting by leveraging a natural experiment induced by staggered race starts during the COVID-19 pandemic. Before 2020, athletes started in groups, enabling drafting benefits,…
This paper explores the role of energy-saving technologies and energy efficiency in the post-COVID era. The pandemic meant major rethinking of the entrenched patterns in energy saving and efficiency. It also provided opportunities for…
This paper explores the critical question of the sustainability of Russian solar energy initiatives in the absence of governmental financial support. The study aims to determine if Russian energy companies can maintain operations in the…
This study examines the role of human capital investment in driving sustainable socio-economic growth within the energy industry. The fuel and energy sector undeniably forms the backbone of contemporary economies, supplying vital resources…
This review paper focuses on enhancing organizational economic sustainability through process optimization and human capital effective management utilizing the soft systems methodology (SSM) approach which offers a holistic approach for…
This paper introduces a geometric framework for analyzing power relations in games, independent of their strategic form. We define a canonical preference space where each player's relational stance is a normalized vector. This model…
Superstars often dominate key tasks because of their exceptional abilities, but this concentration of responsibility may unintentionally limit on-the-job learning opportunities for others. Using panel data from Major League Baseball (MLB),…
This paper introduces and analyzes a framework that accommodates general heterogeneity in regression modeling. It demonstrates that regression models with fixed or time-varying parameters can be estimated using the OLS and time-varying OLS…
Conventional wisdom holds that a misaligned artificial superintelligence (ASI) will destroy humanity. But the problem of constraining a powerful agent is not new. I apply classic economic logic of interjurisdictional competition,…