In this paper, we explore regional innovation in the use of varieties of algae as inputs to industrial processes. It is important to understand that algae are one of nature's most bountiful products, with an almost infinite variety of applications. Algae have received prominence in the research...

How costly is inflation to workers? Answers to this question have focused on the path of real wages during inflationary periods. We argue that workers must take costly actions ("conflict") to have nominal wages catch up with inflation, meaning there are welfare costs even if real wages do not...