Economic Logic

Remittances from foreign workers to their families at home are an important source of income in some countries. Whether this is a good solut...

Standard theory tells us that a country with a low capital endowment, relative to its labor endowment, should have high capital returns and ...

Why has there been a foreclosure crisis in the United States? Two popular explanations are that 1) evil mortgage brokers forced people to ta...

One of the hot areas for econometric research in recent years has been spatial econometrics. Think of it, at least initially as time series ...

25 years ago, it was very rare to see a car with Eastern European plates in Western Europe. Now, they are all over the place, including truc...

The various cash for clunkers programs during the last recession had two objectives in mind: create aggregate demand (or shift it from good ...

In recessions, those who have the hardest time finding jobs are those who try for the first time. Facing these difficulties, many decide to ...

When you look at national accounts, one striking fact is that the labor income share is remarkably stable in each country. And the average l...

Some students in Quebec have now been on strike for over three months over a law that would increase the tuition in all universities (they a...

Immigration policy is difficult to optimize, first because some economic rents are at stake, second because people do not want to share the ...

Small countries are often considered a nuisance. They are sometimes tax havens that annoy larger countries because it increases tax competit...

The situation in Greece is rapidly getting worse, with clear signs that a bank run is in the works, mainly because there is no party majorit...

The major aspect in bankruptcy law variation across states in the US is the wealth exemption. Some states protect substantial wealth from th...

Expected utility lies at the core of almost all analyses in Economics that feature uncertainty. While one can always come up with exceptions...

The infamous quadruplicate papers of Frey , Savage and Torgler have caused a lot of grief for their multiplicity, yet they yielded a somew...