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This paper explores how the persistently popular "classical" logic of benefit-based taxation, in which an individual's benefit from public goods is tied to his or her income-earning ability, can be in...
This paper presents econometric evidence of two independent effects of adding more competitors on innovation: 1) a competition effect whereby increasing rivalry shapes, and often decreases, incentives...
This paper revisits the fractional cointegrating relationship between ex-ante implied volatil-ity and ex-post realized volatility. We argue that the concept of corridor implied volatility (CIV) should...
In this article the author discusses the 2010 predictions regarding the trends of real estate business and investment in the U.S. 2011. He says that he had advised investors to tray the Vanguard real ...
The article focuses on the possible use of social credit in building sustainable communities. It discusses the linkages between social credit, social mobility, and sustainable communities that suggest...
The famous 1968 Witsenhausen demonstrated that for a multi-agent linear quadratic Gaussian (LQG), the optimal linear solution is, in general sub-optimal. The note gives an example which is easier and...
Lawrence Klein and Richard Kosobud’s article ‘Some econometrics of growth: great ratios in economics’, published in the Quarterly Journal of Economics in 1961, is a seminal reference in the literature...
It is often forgotten in the midst of the strategic games that comprise negotiations pertaining to market access − at either multilateral forums such as the World Trade Organization (WTO) or tho...
After over more than six decades of broad-based multilateral trade liberalization under the General Agreement on Tariffs and Trade (GATT), and subsequently the World Trade Organization (WTO), trade in...

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