In the field of economics, hysteresis refers to an event in the economy that persists into the future, even after the factors that led to that event have been removed. The coronavirus pandemic (or COVID-19) had such an effect, one that will last even after humankind finds a means to purge it. In...

The racial justice protests that engulfed the country after seeing a video of the appalling killing of a Black male, George Floyd, by a Minnesota police officer in 2020 has led to a tremendous number of questions about dealing with racial issues in policing. Similar concerns arose a little more...

This paper empirically examines the widespread belief that voluntarily negotiated agreements produce better long-run relationships than third-party imposed settlements, such as arbitrator decisions or court judgments. Two key outcomes are analyzed - subsequent player performance and the...