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Lakdawalla, Darius N. - 2007

This paper analyzes the normative role for civil liability in aligning terrorism precaution incentives, when the … perpetrators of terrorism are unreachable by courts or regulators. We consider the strategic interaction among targets, subsidiary … targets of terrorism, coupled with direct compensation to victims of terrorist attacks …

Persistent link: https://www.econbiz.de/10012778272

Insurance, Self-Protection, and the Economics of Terrorism

Lakdawalla, Darius N. - 2010

This paper investigates the rationale for government intervention in the market for terrorism insurance, focusing on …

Persistent link: https://www.econbiz.de/10012762980

Hard Targets : Theory and Evidence on Suicide Attacks

Berman, Eli; Laitin, David - 2021

Who chooses suicide attacks? Though rebels typically target poor countries, suicide attacks are just as likely to target rich democracies. Though many groups have grievances, suicide attacks are favored by the radical religious. Though rebels often kill coreligionists, they seldom use suicide...

Persistent link: https://www.econbiz.de/10013249386

Fiscal and Migration Competition

Razin, Assaf - 2010

It is often argued that tax competition may lead to a "race to the bottom". Such a race may hold indeed in the case of the pure case of factor mobility (such as capital mobility). However, in this paper we emphasize the unique feature of labor migration, that may nullify the "race to the bottom"...

Persistent link: https://www.econbiz.de/10013139888

Medium Term Business Cycles

Comin, Diego A. - 2011

Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations between persistent periods of robust growth and persistent periods of relative stagnation. These medium frequency movements, further, appear to bear some relation to the high...

Persistent link: https://www.econbiz.de/10013125764

Vulnerable Banks

Greenwood, Robin M. - 2012

When a bank experiences a negative shock to its equity, one way to return to target leverage is to sell assets. If asset sales occur at depressed prices, then one bank's sales may impact other banks with common exposures, resulting in contagion. We propose a simple framework that accounts for...

Persistent link: https://www.econbiz.de/10013097784

The Effect of Income and Immigration Policies on International Migration

Ortega, Francesc - 2012

This paper makes two contributions to the literature on the determinants of international migration flows. First, we compile a new dataset on annual bilateral migration flows covering 15 OECD destination countries and 120 sending countries for the period 1980-2006. We also collect data on...

Persistent link: https://www.econbiz.de/10013101810

Patent Rights, Product Market Reforms, and Innovation

Aghion, Philippe - 2014

Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...

Persistent link: https://www.econbiz.de/10013064451

Intracompany Governance and Innovation

Belenzon, Sharon - 2014

This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and publicly traded innovating firms in the US and 15 European countries. A striking novel observation emerges from our analysis: while most innovating firms in the US are publicly...

Persistent link: https://www.econbiz.de/10013070812

Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU

Carbo-Valverde, Santiago - 2010

Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the...

Persistent link: https://www.econbiz.de/10013150440

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