综合经济学
The theory of optimal choice sets offers a well-established solution framework in social choice and game theory. In social choice theory, decision-making is typically modeled as a maximization problem. However, when preferences are cyclic…
Although Artificial Intelligence (AI) holds great promise for enhancing innovation and productivity, many firms struggle to realize its benefits. We investigate why some firms and industries succeed with AI while others do not, focusing on…
While there is excitement about the potential for algorithms to optimize individual decision-making, changes in individual behavior will, almost inevitably, impact markets. Yet little is known about such effects. In this paper, I study how…
This paper examines Modern Mercantilism, characterized by rising economic nationalism, strategic technological decoupling, and geopolitical fragmentation, as a disruptive shift from the post-1945 globalization paradigm. It applies Principal…
As of 2022, the European Union has taken several steps regarding enlargement. We focus on the accession of countries with which the Union is actively negotiating membership. This is examined under two enlargement scenarios: first, the…
Executive accountability is increasingly viewed as a critical mechanism for improving corporate environmental performance, especially in state-owned enterprises (SOEs) that dominate high-emission sectors such as energy, infrastructure, and…
This study examines the economic social and environmental impacts of electric vehicle adoption in Bangladesh using survey data from 57 respondents and secondary research. Findings show strong public perception of electric vehicles as cost…
Using data from over 500,000 dual-earner households in Mexico, we provide evidence of discontinuities in the distribution of relative income within households in Latin America. Similar to high-income countries, we observe a sharp drop at…
In his famous paper, Markowitz (1952) derived the dependence of portfolio random returns on the random returns of its securities. This result allowed Markowitz to obtain his famous expression for portfolio variance. We show that Markowitz's…
The global financial crisis (GFC) triggered the use of macroprudential policies imposed on the banking sector. Using bank-level panel data for Israel for the period 2004-2019, we find that domestic macroprudential measures changed the…
US-China trade tensions, the COVID-19 pandemic, and the Russia-Ukraine conflict have disrupted and reshaped global supply chains. Existing studies caution that these tensions may not meaningfully reduce U.S. dependence on China-linked…
Brand equity and vertical integration are focal, strategic elements of a franchise system that can profoundly influence franchise performance. Despite the recognized importance of these two strategic levers and the longstanding research…
This paper examines fiscal policy spillovers through informal international financial channels, using the US stimulus checks as a positive, sudden, and direct fiscal shock. I utilize granular, transaction-level cryptocurrency data combined…
In 2023, the European Economic Association (EEA) Minorities in Economics Committee, in collaboration with the German Economic Association, conducted a professional climate survey to assess diversity, equity, and inclusion in the European…
Oligarchic control exerts significant distortions on economic efficiency. Ukraine exemplifies this phenomenon, where oligarchs dominate key sectors and achieve economies of scale through vertical integration of coal mines, steel mills, and…
Traditionally, the impact of minimum wages on employment has been studied, and it is generally believed to have a negative effect. Yet, some recent studies have shown that the impact of minimum wages on employment can sometimes be positive.…
The question of how a pure fiat currency is enforced and comes to have a non-zero value has been much debated (Selgin, 1994). What is less often addressed is the case where the enforcement is taken for granted and we ask what value (in…
We explore the twin questions of when and why the strategy method creates behavioral distortions in the elicitation of choices in laboratory studies of sequential games. While such distortions have been widely documented, the theoretical…
Blockchain technology is essential for the digital economy and metaverse, supporting applications from decentralized finance to virtual assets. However, its potential is constrained by the "Blockchain Trilemma," which necessitates balancing…
In the distributed systems landscape, Blockchain has catalyzed the rise of cryptocurrencies, merging enhanced security and decentralization with significant investment opportunities. Despite their potential, current research on…