Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 107 countries; we focus on national causes and … consequences of the crisis, ignoring cross-country "contagion" effects. Our model of the incidence of the crisis combines 2008 …

than the act of actually holding a mega-event. We develop a political economy model that formalizes this idea, and derives …

Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … that may have allowed the crisis to spread across countries. Our model of the cross-country incidence of the crisis …

random walk model of stock prices performs as well as any estimated model at one to twelve month horizons, even though we …, aggregate stock prices seem to be as difficult to model empirically as exchange rates. …

A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international …

shareholders) engage in corporate governance. In classical models, blockholders exert governance through direct intervention in a … governance by extracting private benefits of control or pursuing objectives other than firm value maximization. I highlight the …

Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we … democracies, the threat of insurgencies is not a binding constraint, and the model predicts no correlation between isolated … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence …

order to examine this question, we designed a behavioral measure of the population’s desire for better governance. A … countries with better governance, especially return migrants. …

is optimal to choose tasks A analogous to B in terms of required skills. The model also explains why stipulated damages …