Related papers: State capacity and vulnerability to natural disast…
Corruption is a social plague: gains accrue to small groups, while its costs are borne by everyone. Significant variation in its level between and within countries suggests a relationship between social structure and the prevalence of…
Modern macroeconomic theories were unable to foresee the last Great Recession and could neither predict its prolonged duration nor the recovery rate. They are based on supply-demand equilibria that do not exist during recessionary shocks.…
The machine learning community has recently had increased interest in the climate and disaster damage domain due to a marked increased occurrences of natural hazards (e.g., hurricanes, forest fires, floods, earthquakes). However, not enough…
We study a model in which two players with opposing interests try to alter a status quo through instability-generating actions. We show that instability can be used to secure longer-term durable changes, even if it is costly to generate and…
Natural hazard risk management is a demanding interdisciplinary task. It requires domain knowledge, integration of robust computational methods, and effective use of complex datasets. However, existing solutions tend to focus on specific…
The electric distribution system is a cornerstone of modern life, playing a critical role in the daily activities and well-being of individuals. As the world transitions toward a decarbonized future, where even mobility relies on…
Numerous works have shown that under mild assumptions unitary dynamics inevitably leads to equilibration of physical expectation values if many energy eigenstates contribute to the initial state. Here, we consider systems driven by…
Catastrophic regime shifts in complex natural systems may be averted through advanced detection. Recent work has provided a proof-of-principle that many systems approaching a catastrophic transition may be identified through the lens of…
Bankruptcy prediction is an important research area that heavily relies on data science. It aims to help investors, managers, and regulators better understand the operational status of corporations and predict potential financial risks in…
Microscopic models describing a whole of economic interactions in a closed society are considered. The presence of a tax system combined with a redistribution process is taken into account, as well as the occurrence of tax evasion. In…
Demands on the disaster response capacity of the European Union are likely to increase, as the impacts of disasters continue to grow both in size and frequency. This has resulted in intensive research on issues concerning spatially-explicit…
This paper explores the interplay between transfer policies, R\&D, corruption, and economic development using a general equilibrium model with heterogeneous agents and a government. The government collects taxes, redistributes fiscal…
Catastrophic transitions, where a system shifts abruptly between alternate steady states, are a generic feature of many nonlinear systems. Recently these regime shift were suggested as the mechanism underlies many ecological catastrophes,…
Florida is particularly vulnerable to hurricanes, which frequently cause substantial economic losses. While prior studies have explored specific contributors to hurricane-induced damage, few have developed a unified framework capable of…
Addressing climate change effectively requires more than cataloguing the number of policies in place; it calls for tools that can reveal their thematic priorities and their tangible impacts on development outcomes. Existing assessments…
We consider a game-theoretic model where individuals compete over a shared failure-prone system or resource. We investigate the effectiveness of a taxation mechanism in controlling the utilization of the resource at the Nash equilibrium…
We explicitly test if the reliability of credit ratings depends on the total number of admissible states. We analyse open access credit rating data and show that the effect of the number of states in the dynamical properties of ratings…
Social accountability refers to promoting good governance by making ruling elites more responsive. In Bangladesh, where bureaucracy and legislature operate with little effective accountability or checks and balances, traditional horizontal…
Governments around the world are required to strengthen their national cybersecurity capabilities to respond effectively to the growing, changing, and sophisticated cyber threats and attacks, thus protecting society and the way of life as a…
We theorize the financial health of a company and the risk of its default. A company is financially healthy as long as its equilibrium in the financial system is maintained, which depends on the cost attributable to the probability that…