Environmental awareness is of increasing concern for society and leads heavy pressure to adopt challenging political decisions, in such diverse economic sectors as oil industries, automotive industries and electric utilities. Undoubtedly, all this goes beyond the environmental scope, entails...

The recent arrival of an innovation supercluster of digital business technologies (web3/ industry 4.0, etc) is driving a deep, global institutional transformation from industrial to digital economies. A digital economy is a new type of economy that is qualitatively different because it is far...

This paper characterizes efficient tax subsidies for charitable contributions, and considers the properties of potential reforms. Contributions are underprovided in the absence of subsidies, and are misdirected if subsidies fail to account for all of the costs that donors incur. It is costly for...

A widely accepted result, associated with Louis Kaplow and Steve Shavell, is that it is more costly to use legal rules to redistribute income than to use the tax and transfer system (the income-tax only result). An assumption behind this result is that if a legal rule is changed to eliminate its...

Purpose: To assess the predictive validity of Lott and Varney's (2022) ordinary least squares (OLS) multiple regression (MRA) causal model of the effect of immigrant population numbers, as a proportion of the total population, on the homicide victim rate for 31 European countries.Methods: The...

We use Belgian data on domestic firm-to-firm transactions and ask how the measurement of the share of imports in final consumption is affected when one uses data recorded at higher levels of aggregation. We find that aggregating detailed firm-to-firm transaction data to the firm level and...

We examine the impact of oil price and oil price volatility on US illiquidity premiums (return on illiquid-minus-liquid stocks), using the US Oil Fund options implied volatility OVX index. We use daily data from 2007 to 2018, taking into account the structural break in June 2009 and controlling...

We consider a manufacturer that produces in response to a stochastic demand and emits pollution during the production process. Industrial pollutants released into the air are characterized by spatial variability and special heterogeneity, and the precision of instruments for measuring stochastic...

The globalization of world economy intensified the growth of containerized transportation since decades which shows several benefits of reducing the cost and damage of potential goods, consequently, plays an eminent role in intermodal trading which can prolong economic development. Due to its...