Although ensuring the “accountability” of agents to their principals is widely considered a core objective of institutional design, recent work in political economy has identified and elucidated an important class of situations in which effective accountability mechanisms can decrease,...

In 1975, M. M. Choban [5] introduced a new topology on the set of all closed subsets of a topological space, similar to the but weaker than it. In 1998, G. Dimov and D. Vakarelov [8] used a generalized version of this new topology, calling it . The present paper is devoted to a detailed study of...

Congress has unintentionally evoked copytraps, which exact thousands of dollars from the Internet user who innocently buys music without knowing that it infringes copyright. Copytraps arise when websites lure innocent users into downloading expression that seems legal but is actually infringing....

In 1931, during one of the worst economic crises in US history, Du Pont announced the discovery of an innovative rubber synthetic product - neoprene. Yet at the time of the announcement, Du Pont did not have any neoprene to sell. Manufacturing facilities were still being erected and production...

Malta is one of the first countries to have enacted a framework for the regulation of crypto assets. This paper examines the Maltese initiative and compares this framework with developments in other jurisdictions, particularly France, which is the only EU Member State other than Malta, to have a...

Equity returns are not very predictable despite the presence of many well-documented behavioral biases and risk factors. Why? We collect a comprehensive global dataset covering over 24,000 tradable equities and representing more than 99.9% of the market cap on developed exchanges. Analyzing...