In response to the rapid spread of the COVID-19 pandemic, national governments have implemented a range of mitigation measures designed to limit the transmission of the novel virus. In order to estimate the effects of these "non-pharmaceutical" policies, one needs to properly account for...

Using Facebook's release in a given language as an exogenous source of variation in access to social media where the language is spoken, we show that Facebook has had a significant and sizable positive impact on citizen protests. By exploiting variation in a large sample of countries during...

This paper reports on the results of a series of experimental laboratory elections. The novelty of the design allows me to study both coordination failures and coordination efficiency in a repeated-game, divided majority setting. I assess and compare the performance of three voting mechanisms,...

How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...

An individual goes through two major dependency periods in life in youth and in old age. This paper focuses on financial freedom in the active period of economic life. This objective is important for many reasons. One feels a sense of freedom when basic needs get incrementally satisfied with...

Merits of using fundamental research and technical research are different and these two different investment styles of investing in the stock market have its own following. The stock selection for investment portfolio which relies on the Fundamental Analysis have higher success rate than the...

We introduce uncertainty in our general equilibrium model with multi-member groups, following the classical state-space approach of Arrow-Debreu. A host of new interesting economic issues emerge. First, risk averse agents can attempt to insure themselves through markets or through mutual...

An economic elite wants to buy a public asset as cheaply as possible, whose ownership is decided by an incumbent politician who can be of high or low competence. The elite can exert influence through two channels: they can make a take-it-or-leave-it offer for the asset, and they can manipulate...

Transaction Byte Analysis (TBA) is introduced as a basis to ground corporate governance in the science of information and control described as cybernetics. TBA provides fundamental criteria for evaluating the governance integrity of any type of organisation because all individuals possess...

Macroeconomic uncertainty affects the subjective distribution of individual expectations. Using four panel datasets, we document the effects of macro uncertainty on the mean expectation (first moment) and subjective uncertainty (second moment) of income forecasts. We find that macro uncertainty...