Microeconomics

Cryptocurrency Competition and Dynamics

By Thomas Gebhart. University of Minnesota. --- We build a model of competition among privately issued cryptocurrencies. We use a well-known monetary economics environment, the Lagos-Wright model, and include founders who can issue their own currencies in order to maximize their utility. Founders are endowed with productive capital that allows them to invest in projects that span multiple periods.

Immigration, International

Health Consequences of Legal Origin

By Cole Scanlon. Harvard University. --- Considerable economic research suggests that the historical origin of a countrys laws is associated with legal rules and economic outcomes. This paper investigates differing public health outcomes of countries with common law legal origin (the British model) and civil law legal origin (the French model).