Institutional economics is a sociocultural discipline and policy science which draws on the idea that economies are best understood through an appreciation of history, real-world institutions, and socioeconomic interrelations. This book brings…
We employ a structural model of location choice to estimate household sorting across the U.S. in response to hurricane risk. Using spatially detailed projections of future hurricane energy, we simulate regional population shifts and welfare impacts…
Although welfare reform has not been one of the most highly visible policy agendas for the Trump administration, restricting access to public assistance programs has been a part of proposals and actions in a number of areas. The Trump…
We employ a Cox proportional hazard model to examine the effect of observed mortgage defaults within a neighborhood on homeowners’ strategic default decisions, using multiple datasets from the Fresno-Clovis metropolitan area in California between…
A study entitled “Does Blind Tasting Work? Investigating the Impact of Training on Blind Tasting Accuracy and Wine Preference,” published in the Proceedings issues of this journal, analyzed the effects of training on blind wine tasting accuracy (Wang…
The paper is a contribution to explaining the phenomenon of the slow investment growth in recent decades, which accompanied ever-rising profits. It investigates profit share and capacity utilization effects on the investment share of output for US…