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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

Sustainability and the Measurement of Wealth

Arrow, Kenneth J. - 2010

We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as...

Persistent link: https://www.econbiz.de/10013135234

The Effect of Interventions to Reduce Fertility on Economic Growth

Ashraf, Quamrul H. - 2011

quantitative macroeconomic theory. We apply the model to examine the effect of a change in fertility from the UN medium-variant to …

Persistent link: https://www.econbiz.de/10013120983

The Demographic Transition : Causes and Consequences

Galor, Oded - 2011

This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...

Persistent link: https://www.econbiz.de/10013125156

The Demographics of Innovation and Asset Returns

Garleanu, Nicolae - 2010

We study asset-pricing implications of innovation in a general-equilibrium overlapping-generations economy. Innovation increases the competitive pressure on existing firms and workers, reducing the profits of existing firms and eroding the human capital of older workers. Due to the lack of...

Persistent link: https://www.econbiz.de/10013150434

Capital Budgeting vs. Market Timing : An Evaluation Using Demographics

DellaVigna, Stefano - 2010

An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and mispricing. We use demand shifts induced by demographics to address this problem, and hence, provide a more...

Persistent link: https://www.econbiz.de/10013152090

Immigration and the Survival of Social Security : A Political Economy Model

Sand, Edith - 2010

In the political debate people express the idea that immigrants are good because they can help pay for the old. The paper explores this idea in a dynamic political-economy setup. For this purpose we develop an OLG political economy model of social security and migration. We characterize sub-game...

Persistent link: https://www.econbiz.de/10012760484

Urban Decline and Durable Housing

Glaeser, Edward L.; Gyourko, Joseph - 2021

People continue to live in many big American cities, because in those cities housing costs less than new construction. While cities may lose their productive edge, their houses remain and population falls only when housing depreciates. This paper presents a simple durable housing model of urban...

Persistent link: https://www.econbiz.de/10013221282

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