Since the sinking of the Titanic, there has been a widespread belief that the social norm of 'women and children first' gives women a survival advantage over men in maritime disasters, and that captains and crew give priority to passengers. We analyze a database of 18 maritime disasters spanning...

Since the sinking of the Titanic, there has been a widespread belief that the social norm of 'women and children first' gives women a survival advantage over men in maritime disasters, and that captains and crew give priority to passengers. We analyze a database of 18 maritime disasters spanning...

Educational inequality undermines the pivotal role of education in increasing the ability of the poor to move up the income ladder. This paper investigates educational inequality that arises from low-income students' lack of monetary resources that higher-income students invest in...

Why do lawyers in some jurisdictions continue to ‘automatically’ exclude the 1980 UN Convention on Contracts for the International Sale of Goods (CISG) in their choices of law for international sales contracts? Why do lawyers in other jurisdictions approach the decision very differently? Why...

This paper examines the potential impacts of East-West migration of talents on the innovative capital and hence the long-run growth prospects in Eastern sending countries. Complementing previous studies, we examine the impact of high skill migration not only on the formation of human capital,...

After World War II the continent of Europe was devastated both structurally and economically by the war. George C. Marshall is the man who can be considered the father of outsourcing and foreign aid, because of his military skills and training he was able to devise a foreign policy plan as an...

General-Equilibrium (GE) models were revived in the mid 1980s, in the computable form allowed by the progresses of information technology. They have been applied to the assessment of many economic policies, especially taxation, international trade and intergenerational transfers. A new recent...

The standard partial equilibrium formula for pass-through substantially mismeasures incidence in the presence of demand or supply interdependencies. We study general equilibrium tax incidence in a perfectly competitive, multiproduct setting. If only one product is taxed, the general equilibrium...

R&D investment are an important engine of growth and development. Yet economists have often claimed under-investment, also due to the asymmetric information between inside investors and outside investors and financiers, and the consequent capital and financial market imperfections. Some recent...

Why do some COVID-19 mitigation strategies fail? As the pandemic continues to spread, policymakers are struggling to find effective policies that lead to fewer infections at a reasonable cost. Although the elusive nature of the virus makes predictions difficult, the field of law and economics...