The Impact of World War II Widowhood on Women's Labor Market Participation in West Germany: A Life-Cycle Analysis
While war widowhood initially increased women's employment in postwar West Germany due to financial hardship, it ultimately led to lower employment rates later in life due to the disincentivizing effects of means-tested compensation policies.
Dynamic Entry Deterrence through Feedback Strategies in Markets with Stochastic Demand Fluctuations
In markets with stochastic demand fluctuations, incumbent firms can strategically deter entry by adjusting prices based on their hidden cost structures and the potential entrant's beliefs, leading to a dynamic interplay of signaling and entry decisions.
The Uninformative Nature of Non-Diversified Portfolios in Subjective Expected Utility Theory
While seemingly irrational, non-diversified investment choices can be rationalized within the subjective expected utility framework, but this behavior reveals little about an individual's risk attitudes.
Quota Mechanisms in Collective Decision-Making: Balancing Optimality and Robustness with Finite Samples
While quota mechanisms are theoretically sound in idealized settings with infinite decisions and perfect knowledge of type distributions, this paper provides a practical framework for understanding their performance and limitations in real-world scenarios with finite decisions and imperfect information.
Solving the Transformation Problem: From Marx's Fundamental Equalities to Capital Reallocation and the Tendency of the Rate of Profit to Fall
The "transformation problem" in Marxian economics, concerning the relationship between value and price, can be solved by considering capital reallocation across branches and adhering to Marx's fundamental equalities, ultimately supporting the tendency of the rate of profit to fall.
The Medici Bank and the Potential for Modern Banking Reform: Rethinking Loan Principal Cancellation in a Fiat System
This article challenges the conventional practice of canceling loan principal upon repayment, arguing that it is an outdated relic of a hard-money system and proposes that retaining principal, under specific circumstances, could be a key to unlocking new economic possibilities.
The Role of Remittances in Avoiding Sovereign Default: A Comparative Analysis of Bangladesh and Sri Lanka
Bangladesh's success in avoiding sovereign default, unlike Sri Lanka, can be partly attributed to its effective utilization of remittances to reduce external debt, both directly and indirectly through international reserves.
The Potential Downside of Search Prominence in E-Commerce: How High Return Costs Can Erode Profits
In e-commerce, while search prominence often leads to higher demand, it can also result in lower profits for firms, especially when product return costs are high.
巴西免費公共交通：促進就業與環境保護的雙贏策略？
免費公共交通政策不僅能促進就業，還能減少溫室氣體排放，實現經濟發展與環境保護的雙贏。
브라질의 무료 대중교통 정책이 고용과 온실가스 배출에 미치는 영향 분석
브라질에서 시행된 무료 대중교통 정책이 고용을 증가시키고 온실가스 배출량을 감소시켜 경제 활동과 환경 피해의 분리를 가능하게 한다는 것을 보여준다.
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