Economic Logic

Small businesses are thought to be rather inefficient because of fix and because of other issues that hamper the exploitation of increasing ...

There is an active literature that tries to explain the size distribution of cities. It is based on a strong regularity, that the distributi...

Bruno Frey has fallen into disgrace these days as he has been shown to play dangerous games of self-plagiarism, submissions to multiple jou...

Some countries seems to be very poorly located, as they are in the path of all sorts of natural disasters. But some do better than others in...

I dedicated several posts to Bruno Frey and his chronic self-plagiarism. In retrospect, one should have seen that something was fishy from...

We have previous established that the Internet, contrarily to conventional wisdom, makes people more social. Does this also mean that people...

Whenever you see risk, you think insurance. And there are different ways to insure yourself. This may be by buying some contingent claims, o...

It is costly to move, and those costs vary by culture and economic circumstances. International migration is of course hampered by immigrati...

Options are securities that are difficult to price. In particular American options, which can be exercised at any time posed a serious chall...

People in general prefer green products, although they are not always ready to pay a significant markup for a greener product. If they know ...

Americans are proud of their freedoms, political or economic ones. Yet, they are very trigger happy when it comes to takes one's freedom...

There a large belief in the development community that institutions matter. This has emerging from a large number of cross-country regressio...

Do tax rebate such as those implemented at various times by the Bush II administration work? Measuring this is not obvious. Previous studies...

Blackmail is a strange concept. Threatening to reveal information is legal. Asking money for a service is legal. But doing both at the same ...

House price run-ups, especially when they appear excessive, are difficult to explain. It is it even more difficult to explain how they are n...