综合经济学
We develop a computational framework for deriving Pareto-improving and constrained optimal carbon tax rules in a stochastic overlapping generations (OLG) model with climate change. By integrating Deep Equilibrium Networks for fast policy…
This paper presents a praxeological analysis of artificial intelligence and algorithmic governance, challenging assumptions about the capacity of machine systems to sustain economic and epistemic order. Drawing on Misesian a priori…
Using administrative data from Germany, this study provides first evidence on the wage effects of collective bargaining compliance laws. These laws require establishments receiving public contracts to pay wages set by a representative…
We study consumption stimulus with digital coupons, which provide time-limited subsidies contingent on minimum spending. We analyze a large-scale program in China and present five main findings: (1) the program generates large short-term…
We use variation of test scores measuring closely related skills to isolate peer effects. The intuition for our identification strategy is that the difference in closely related scores eliminates factors common to the performance in either…
Change orders (COs) are a common occurrence in construction projects, leading to increased costs and extended durations. Design-Bid-Build (DBB) projects, favored by state transportation agencies (STAs), often experience a higher frequency…
Seasonal migration plays a critical role in stabilizing rural economies and sustaining the livelihoods of agricultural households. Violence and civil conflict have long been thought to disrupt these labor flows, but this hypothesis has…
Several noteworthy scenarios emerged in the global textile and fashion supply chains during and after the COVID-19 pandemic. The destabilizing influences of a global pandemic and a geographically localized conflict are being acutely noticed…
Large language models (LLMs) are poised to significantly impact software development, especially in the Open-Source Software (OSS) sector. To understand this impact, we first outline the mechanisms through which LLMs may influence OSS…
This Policy Comment describes how the Food Policy article entitled 'Cost and affordability of nutritious diets at retail prices: Evidence from 177 countries' (first published October 2020) and 'Retail consumer price data reveal gaps and…
This paper contributes to the limited literature on the temperature sensitivity of residential energy demand on a global scale. Using a Bayesian Partial Pooling model, we estimate country-specific intercepts and slopes, focusing on…
External debt has been identified as the most liable to cause financial crises in developing countries in Asia and Latin America. One recent example of near bankruptcy in Sri Lanka has raised serious concerns among economists about how to…
This paper analyzes the effects of educational tracking and the quality of track assignment decisions. We motivate our analysis using a model of optimal track assignment under uncertainty. This model generates predictions about the average…
We develop a monetary macro accounting theory (MoMaT) and its software specification for a consistent national accounting. In our money theory money functions primarily as a medium of payment for obligations and debts, not as a medium of…
We propose utilizing match-level suspense and surprise - which capture the entertainment utility created by competitive balance and outcome uncertainty for sports spectators - as alternative policy targets for league organizers and…
This paper develops a formal game-theoretic model to examine how protocol mutability disrupts cooperative mining behaviour in blockchain systems. Using a repeated game framework with stochastic rule shocks, we show that even minor…
This paper integrates Austrian capital theory with repeated game theory to examine strategic miner behaviour under different institutional conditions in blockchain systems. It shows that when protocol rules are mutable, effective time…
We study the psychological and social impacts of exiting a national anti-poverty campaign, leveraging China's phase-out of its national poverty assistance as a natural experiment. Using a regression discontinuity design, we find that…
Studies of micro-level price datasets find more frequent small price increases than decreases, which can be explained by consumer inattention because time-constrained shoppers might ignore small price changes. Recent empirical studies of…
Effective climate action depends on dismantling the assumptions and oversimplifications that have become the basis of climate policy. The assumption that greenhouse gases (GHG) are fungible and the use of single-point values in normalizing…