This paper develops a rent-protection theory of corporate ownership structure - and in particular, of the choice …

In the last few years a new area has emerged in economic theory, which goes under the heading of However, almost since … its inception, the theory has been under attack for its lack of rigorous foundations. In this paper, we evaluate some of … the criticisms that have been made of the theory, in particular, those in Maskin and Tirole (1998a). In doing so, we …

Epidemiological data and experimental research in the fields of operant conditioning and behavioral economics suggest …

some or all of the financial risk associated with the insurance. This paper generalizes the theory of insurance to analyze … the market. The" theory makes cross-sectional predictions on which firms will choose to produce insurance, as well as how … prices and loss experience will vary with the production decision; the theory also predicts which lines of insurance are …

This paper discusses the reemergence of Keynesian economics during the past decade. It highlights the substantial … differences between new Keynesian economics and the convictions of early Keynesians. In particular, it points out that new …