Peer-to-peer insurance is an emerging phenomenon in the InsurTech industry worldwide. By gathering communities of participants who have acquaintance with each other, peer-to-peer insurance has been providing cheap insurance coverage that is believed to be largely associated with the social...

Firm-to-firm connections in domestic and international production networks play a fundamental role in economic outcomes. Firm heterogeneity and the sparse nature of firm-to-firm connections implicitly discipline network structure. We find that a large group of well-established statistical...

The fee tail, common recoveries to convert a fee tail to fee simple, and strict settlements to preserve family control of land are today regarded, if at all, as relics of legal history. Yet, these long obsolete facets of the common law demonstrate earlier solutions to a problem that is again...

We explore the intertwined dynamics of asset prices and the macroeconomy in a Behavioural model of Credit Cycles (BCC) characterized by a credit friction à la Kiyotaki and Moore and heterogeneous expectations cum heuristic switching à la Brock and Hommes. This behavioural approach allows to...

Demand analysis is one of the cornerstones of any supply chain management system, and most of the key operational decisions in the supply chain rely on accurate demand predictions. Although there is a large body of academic literature proposing a variety of forecasting methods, there are still...

We prove the existence of an expected utility function for preferences over probabilistic prospects satisfying Strict Monotonicity, Indifference, the Common Ration Property, Substitution and Reducibility of Extreme Prospects. The example in Rubinstein (1988) that is inconsistent with the...

If states delegate authority to municipalities, when should they be required to remedy municipal violations of federal rights?Although the question may seem straightforward, it is one that has resisted analysis. Even in the face of violations of federal rights, courts have been hesitant to...