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.
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).
Beyond Cash: Mobile Money in Sub-Saharan Africa
By Shreyas K. Shrikanth. University of Texas-Austin. --- In an analysis of the current state of mobile money, I observe that despite the additional economic cost of using mobile money services instead of cash, there is still a demand for mobile money services in Kenya and Tanzania.
Evaluating Determinants of Political Legitimacy in China
By Sukrit S. Puri. Princeton University. --- Despite being an authoritarian and often repres- sive regime, the Chinese government enjoys the support of 70 percent of its population. This paper tries to make sense of this support by engaging literature on political legitimacy to evaluate...
Profile Costs as a Component of Integration Costs in Wind Energy
By Tyler McNeal. University of Minnesota-Twin Cities. --- Recent discussion in literature has focused on levelized costs of energy (LCOE) and using these costs as a benchmark in evaluating the effectiveness of one energy source when compared to another.
Financial Development and Economic Growth at Different Income Levels
By Cody Kallen. Washington University of St. Louis. --- This paper examines the effects of financial development on growth rates using a sample of countries at different points in time, with the observation for each country beginning at the year it reaches a GDP per capita of $10,000 in constant 2005 dollars.
The Reaction Function of The Federal Reserve Post 2008 Financial Crisis
By Michel Cassard. Princeton University. --- This paper uses vector autoregressive analysis to show a change to the Federal Reserve’s reaction function post 2008.
Creativity of Fashion Design: An Economic Creative Lifecycle Analysis of Three 20th Century Fashion Designers
By Benjamin Nickerson. University of Chicago. --- Innovations and inventions are often cited as sources of economic growth.
Romantic Unemployment: Neoclassical Economic Theory in Online Dating and Labor Markets
By Felix Carreon III. University of Michigan. --- Both the online dating and labor markets are matching markets in which firms and agents must agree they’re a good fit for one another.