Enormous public investment will occur as communities adapt to climate change. Much of this investment will be irreversible and the future benefits are currently uncertain. The real options embedded in adaptation projects are therefore potentially important and their existence needs to be...

This paper models settlement arrangements between international telecommunication carriers. The FCC in the U.S. claims these arrangements cost U.S. consumers billions of dollars annually, largely to subsidize foreign carriers in low-income countries. Our model shows why income differentials...

This paper provides a snapshot of the state of the literature on payment cards, particularly from the perspective of interchange fees and the economics literature on two-sided markets. The paper aims to integrate a wide range of theoretical papers with the relevant empirical research and...

We update citation-based rankings of economics journals to study the relative ranking of new society journals. We employ two ranking methods: a standard iterative eigenfactor methodology adjusted for reference intensity and a novel top-5 citation alternative. We find that the American Economic...

An important recent event in the economics field is the introduction of seven new society journals. Using standard iterative ranking methodologies from economics, as well as some new methodologies, we demonstrate the spectacular rise of these journals while updating journal rankings for all...

This paper models settlement arrangements between international telecommunication carriers. The FCC in the U.S. claims these arrangements cost U.S. consumers billions of dollars annually, largely to subsidize foreign carriers in low-income countries. Our model shows why income differentials...