This volume of selected articles was released in light of the new economic, social and environmental challenges Europe and the United States have been faced with following the end of the Cold War and in the evolving era of globalization. National security, immigration, and the provision of...

Analyzes firms and industries in motion--i.e., industry demographics--by amalgamating new theories and empirical evidence. Particularly emphasizes the links between the technological regime underlying an industry and the observed patterns of industry demography. Industry evolution involves the...

In this paper, we use the Wall Street Journal poll of FX forecasts to analyze how the group of forecasters form their expectations. One focus is whether forecasters build rational expectations. Furthermore, we analyze whether the group of forecasters can be regarded as homogeneous or...