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The theory of the optimal-consumption leisure choice under price dispersion describes the phenomenon of moral hazard as …
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We exploit the precise timing of natural disasters to provide empirical evidence on the connection between electoral accountability and politicians' support for special interests. We show that, in the immediate aftermath of a disaster, the evening news substantially reduce their coverage of...
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This study explores the influence of supervisory powers and structure of a banking supervisor on the bank's risk-taking caused by the implementation of explicit deposit insurance (EDI). We explorethe data of publically traded 1,936 banks of 96 countries, from the Bank scope during 2002 to 2015....
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