I model the strategic interaction between scientists aiming for promotion and a research institution that seeks a highly productive faculty by setting a maternity allowance in the form of a minimum promotion standard. The model shows that maternity allowances need not derive from moral justice...

The purpose of this paper is to investigate environmental policy making from a positive point of view. Unlike traditional normative economic policy analyis, this paper is thus not concerned with advancing policy recommendations for the benefit of the policy makers. Jts objective is rather to...

I report historical prices and estimate financial returns to investing in rare books. My sample consists of 25 fiction titles recommended by Clifton Fadiman in his 1960 Lifetime Reading Plan. Relying on prices realized at American and British auction houses between 1975 and 2018, I use hedonic...

Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...

In this paper we present a model of endogenous trade-policy formation which captures crucial aspects of the Japanese commercial and political culture. We analyze the influence of the portrayed culturel traits and show that cultural idiosyncrasies are important determinants of trade policy...