This paper examines the relationship between redistribution, recognition, and liberty. In particular, it critiques the existing approaches in the critical literature that either reduces redistribution to a simple subset of recognition, or insists that recognition is both necessary and sufficient...

This paper studies whether lending by foreign banks is affected by financial crises. The paper pairs a bank-level dataset of foreign ownership with information on banking crises and examines whether the credit supply of majority foreignowned banks that underwent home-country crises differs...

North Korea's nuclear program is a threat to sustained stability on the Korean peninsula. Unfortunately, the traditional notion of "Atoms for Peace'' has been a failure in the engagement of the North. In this paper we propose a novel approach to mutual cooperation in energy provision on the...

Marshall van Alstyne's recent article makes a strong case for attention bonds as a Coasean-based solution to the spam problem. Unfortunately, zombies and trojan horses may make it infeasible.

Bryan Caplan's equation of the uninformed or misinformed voter with an irrational voter is unjustified, and does not invalidate a rational voter model, according to Jamus Lim of the World Bank.

This paper considers institutional and structural factors associated with investment activity in a panel of up to 129 developed and developing countries. We introduce these factors to a standard neoclassical investment function for open economies, and find that financial development and...

In this note, we introduce two distinct incentive mechanisms that support dynamic intra-group cooperation in the context of prisoner's dilemma payoffs: rewards for cooperating, and punishments for defection, where the rewarding or punishing party may be outside the relationship.

How does the process of export diversification play out in a transitioning economy, especially in light of government policy aimed at trade liberalization? This paper examines this question by considering a directed policy effort by Syria -- an economy transitioning from both economic...