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terms when a public health crisis is already underway. The ex ante approach proposed here can help lessening many of the political economy hurdles that arise when policymakers in lower-income countries ... demand in regions traditionally neglected during worldwide spikes in demand for a given medical product. 2. Political Economy Implications The second implication relates to the political economy
sufficient visual distinct to expect that the user saw the button. Browsewrap contracts, which use hyperlinks, are often not enforceable). 39 Jonathan A. Obar & Anne Oeldorf-Hirsch, The Clickwrap: A Political ... inferences about their sexual orientation and less concerned about inferences about their health and friendships, with mental health, location, and political views falling somewhere in between.62 Most people
Using plant-level data from France, we document a potential cost of political connections for firms that is not offset by other benefits. Politically connected CEOs alter corporate employment ... ); Sapienza (2004); and Faccio, Masulis, and McConnell (2005) suggest that political leaders often use their power to grant economic favors to the firms that are connected to them, which can lead to economic
://perma.cc/YC2F-FAAM]. II. A BRIEF OVERVIEW OF RELEVANT TECHNOLOGY BEFORE 1973 Before Roe, the political and technological landscape created a unique pattern of enforcement in the abortion sphere. Throughout ... risks than those before Roe, including a polarized political climate and unimaginable advancements in technology. In order to better understand these current risks, it is important to explore the pre-Roe
historical parallel is that pre-Civil War, newspapers were often perceived as nothing more than appendices of political parties, and today, similar perceptions persist.11 Beginning in the 1870 s, however ... , with improvements in printing speeds and photography, newspapers started producing content that expanded beyond political propaganda and delved into the realm of public figure gossip. The problem of
Using a comprehensive dataset of Italian small and medium-sized enterprises, we find that differences between private and public information on firm creditworthiness affect the decision to issue bonds. Our evidence supports favorable (rather than adverse) selection in corporate bond markets. Specifically, holding public information constant, firms with better private fundamentals...
discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The ... reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides
discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The ... reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides
Over fifty countries have introduced regulatory sandboxes to foster financial innovation. This article conducts the first evaluation of their ability to improve fintechs’ access to capital and attendant real effects. Exploiting the staggered introduction of the UK sandbox, we establish that firms entering the sandbox see an increase of 15% in capital raised post-entry. Their...
We investigate the joint optimal risk management and capital structure decisions of banks when they use contingent-convertible (CoCo) futures contracts to hedge financial-sector risk. In spite of banks choosing significantly higher leverage ratios, their default probabilities drop appreciably while their equity values increase, allowing banks to compete more favorably with the...
Thanks to Dongho for sharing the standard deviations underlying his Table E-7. 3 I produce these numbers by modifying the Matlab code available on the Journal of Political Economy website. 4 David ... explanation of aggregate stock market behavior , Journal of Political Economy 107 , 205 – 251 . Google Scholar Crossref Search ADS WorldCat Campbell J. Y. , Pflueger C
for appropriate market infrastructure. This also implied that if Russia's political and economic system had more than one competing hierarchy, the objective of the elites would not have entailed long ... state involvement in Russia?s economy during the last century summarized in Table 1. In period 1 the otherwise revo2003). Recently emerged political party competition, which thrived under Putin?s
We construct a time series of news coverage about air pollution in China for the period 1977–2019. Our measure of abnormal news coverage (ANC) of China’s air pollution is uncorrelated with growth in economic activity or cyclical components of such activity, but strongly correlated with weather-related and atmospheric conditions known to cause air pollution. ANC is associated with...
tool for political influence and advocacy (Wang and Qian, 2011; Bertrand et al., 2020; Bertrand et al., 2021). However, while these studies focus on corporate philanthropy as a means of securing ... political resources. The motivations behind participating in corporate philanthropy depend critically on a firm’s operating environment (Ioannou and Serafeim, 2012; Liang and Renneboog, 2017). Thus, while the
seek. Limitations that prevent advertisers from targeting classes of customers extend to more sensitive commercial products as well. Restrictions hamper economic activity related to political beliefs ... , health status, and other sensitive topics. 85 Restrictions against non-inherently commercial posts, such as political or ideological posts, prevent underfunded candidates from reaching interested citizens
TO CONTEMPORARY POLITICAL PHILOSOPHY 660 (Robert Goodin et al. eds., 2007). 240 18:239 (2021) You Belong with Me over it.8 Personhood theory, like property rights theory, recognizes and emphasizes ... IN THE LEGAL AND POLITICAL THEORY OF PROPERTY 169 (Stephen R. Munzer ed., 2001). 5 See id. at 170. 6 See id. at 171. 7 See id. at 171–72; Seana Valentine Shiffrin, Intellectual Property, in A COMPANION
Central Asia consists of five culturally and ethnically diverse countries that have followed different paths to political and economic transformation in the past 25 years since achieving independence ... adoption of a broad spectrum of economic, institutional and political reforms. The major obstacles to political reform and structural diversification in the five Central Asian economies are internal and
Dissemination and adoption of Western economic ideas in Russia have never been a simple process, always bearing marks of the socio-political and ideological circumstances of the country and inner ... economists writing on the New Austrian school were interested either in the philosophy of Hayek (N. Makasheva (1989) ) or Mises-style political pamphlets and advice (B. Pinsker, L. Piyasheva), or both (R
Dissemination and adoption of Western economic ideas in Russia have never been a simple process, always bearing marks of the socio-political and ideological circumstances of the country and inner ... either in the philosophy of Hayek (N. Makasheva (1989) ) or Mises-style political pamphlets and advice (B. Pinsker, L. Piyasheva), or both (R. Kapeliushnikov, Yu. Kochevrin, and A. Zaostrovtsev). We
Crossref Search ADS WorldCat Campbell J. , Pflueger C. , Viceira L. ( 2020 ): Macroeconomic drivers of bond and equity risks, Journal of Political Economy 128 , 3148 – 3185 ... Political Economy 119 , 565 – 615 . Google
