In the book, "The Paradox of Plenty," Terry Lynn Karl sought to solve the perplexing puzzle of why countries that experienced unprecedented transfer of wealth from the oil booms of the 1970s and 1980s, without exception, displayed similar economic development outcomes in spite of having very...

The Shoah took Lanzmann approximately eleven years to complete; and when it was released in 1985, the events addressed in the film was more than forty-two years old, and the interviewees had to grapple with the task of recalling both deeply suppressed and readily retrievable memory formed some...

It is the irony of human nature, and indeed the incentive mechanism inherent in social institutions, that some societies less endowed by nature strive harder to improve their collective lot, and in many instances succeed in achieving their development objectives more frequently than their...

The current debate on the future of healthcare in the US centers on three main issues --- accessibility, quality of medical care, and affordability. With the gradual but steady disappearance of private insurance coverage, and the rising number of the uninsured, the general consensus is a...

For a nation-state to self-sustain and endure, it must have the capacity to inspire loyalty and pride amongst its citizenry; but most importantly, it must meet the basic needs of its population and engender a sense of collective ownership. This latter requirement fosters ready identification...

Longevity risk has become a major challenge for governments, individuals, and annuity providers in most countries, and especially its aggregate form, i.e. the risk of unsystematic changes to general mortality patterns, bears a large potential for accumulative losses for insurers. As obvious risk...

Applicants for any given job are more or less suited to fill it, and the firm will select the best among them. Increasing the wage offer attracts more applicants and makes it possible to raise the hiring standard and improve the productivity of the staff. Wages that optimize on the trade-off...

This paper empirically analyzes a particular type of notes observed in securitization transactions: combination notes. Combination notes are formed by combining parts of two or more tranches of securitization transactions, where one part usually consists of a share of the first loss piece. It is...

This paper analyzes the impact of heterogeneous (social) preferences on the weighting and combination of performance measures as well as on a firm’s profitability. We consider rivalry, egoism and altruism as extreme forms within the continuum of possible preferences and show that the principal...

Although labor mobility has been recognized as a key mechanism for transferring tacit knowledge, prior research on inventors has so far hardly discussed the impact of a move on inventive performance. Additionally, existing research has neglected the differences in gains from a move between high...