Why did Putin invade Ukraine? A theory of degenerate autocracy
American Journal of Political Science, EarlyView.Abstract Many dictatorships end up with a series of disastrous decisions such as Hitler's attack on the Soviet Union or Saddam Hussein's aggression against Kuwait. Even if a certain policy choice is not ultimately fatal for the regime, such as Mao's Big Leap Forward or the Pol Pot's collectivization drive, they typically involve both a miscalculation ...
Georgy Egorov, Konstantin Sonin
wiley +1 more source
Freedom under algorithms: how unpredictable and asocial management erodes free choice. [PDF]
Front Artif IntellDonoghue R.
europepmc +1 more source
Demography and the Long-run Predictability of the Stock Market [PDF]
Stock market price/earnings ratios should be influenced by demography. Since demography is predictable, stock returns should be as well. We provide a simple stochastic OLG model with a cyclical structure that generates cyclical P/E ratios.
John Geanakoplos +2 more
core
Mitigating policy uncertainty: What financial markets reveal about firm‐level lobbying
American Journal of Political Science, EarlyView.Abstract Elections can lead to substantial policy changes and, thus, are a significant source of risk. Firms can respond to such policy uncertainty by lobbying, but it is hard to quantify whether they do so and, if so, how much lobbying benefits them. We construct a new dataset and leverage investors’ expectations of variability in stock returns in the
Kristy Buzard +2 more
wiley +1 more source
Propensity to Punish in High Psychopathy may Promote Cooperation: Human and Computer Prisoner Dilemma Experiments. [PDF]
Evol PsycholBalbuena L, Kolla N, Logan J.
europepmc +1 more source
The influence of specific accounting differences on the choice between IFRS or US GAAP. [PDF]
Due to the increased competition on capital markets and given the global importance of US markets, IFRS and US GAAP are competing to become the world standards set. Although comparable in many aspects, IFRS and US GAAP still differ in accounting for some
Gaeremynck, Ann +2 more
core
From Loss to Transformation? Towards Pluralistic and Politicised Agrarian‐Climate Futures
Asia Pacific Viewpoint, EarlyView.ABSTRACT Understanding how actors perceive and anticipate future states of the world is gaining traction in climate change governance scholarship and related calls for sustainability transformations. However, smallholder farmers, indigenous groups, and local communities, who are expected to bear disproportionate burdens of loss and damage from climate ...
Joel Persson +4 more
wiley +1 more source
Resilience through resistance: the role of worker agency in navigating algorithmic control. [PDF]
Front Artif IntellWilliams M, Rani U.
europepmc +1 more source
Testing for Serial Correlation in Autoregressive Exogenous Models with Possible GARCH Errors. [PDF]
Entropy (Basel), 2022 Li H, Liu X, Chen Y, Fan Y.
europepmc +1 more source
Global Growth Opportunities and Market Integration [PDF]
We measure a country's growth opportunities by investigating how its industry mix is priced in global capital markets, using price earnings ratios of global industry portfolios. We derive three sets of empirical results.
Campbell R. Harvey +3 more
core