Conventional wisdom holds that in non-democracies, a strong central state can reward and punish local administrations through a merit-based promotion system, which should restrain corruption. But much evidence shows that rampant corruption coexists with powerful central governments. This study...

Pooling data from multiple sources plays an increasingly vital role in today's world. We propose a new type of design, called a Samurai Sudoku-based space-filling design to address this issue. Such a design is an orthogonal array based Latin hypercube design with the following attractive...

We derive a parsimonious model of damage to corporate earnings from COVID-19. Using measures of expected damage from industry-level earnings forecast revisions, we estimate this model with nonlinear least squares and identifying restrictions related to forecast rationality. Forecasts in mid-May...