The location of cities is linked to access to trade, but security also matters, in particular for capitals. Here we document this phenomenon, and explore its implications, in the context of Europe's Great Power era. First we show that Great Power battles tend to occur in shortest-distance...

The technical change from steam engines to electric motors dramatically transformed manufacturing activities during the Second Industrial Revolution. This paper explores how this technical change progressed and what consequences it brought for the evolution of economic geography. I hypothesize...

In this paper, we develop a small open economy model of secular stagnation that allows for both unemployment and underemployment. While unemployment results from the standard search and matching friction, underemployment in the form of an involuntary shortfall of working hours occurs under...

Electoral accountability is a cornerstone of democratic governance, yet whether voters effectively punish corruption remains theoretically and empirically contested. While canonical models predict that corruption revelations reduce incumbent support, strategic voting considerations-especially...

This paper experimentally examines the interplay between focal points, beliefs, and distributional preferences. Contrary to common wisdom, there is no detectable evidence that equal splits act as salient focal points in distributional voting contexts. Participants mispredict others' preferences:...

We experimentally evaluate three behavioral models of expectation formation that predict overreaction to new information: overconfidence in private signals, misperceptions about the persistence of the data-generating process (DGP), and diagnostic expectations. In our main experiment,...

In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated...

We experimentally investigate exclusive-offer competition between two existing upstream firms. In theory, when upstream firms make exclusive offers to a downstream monopolist, both exclusion and non-exclusion can be equilibrium outcomes. By varying key parameters, we explore how bargaining power...

This study incorporates two heterogeneous industries into an endogenous growth model within the framework of a circular economy. In the model, industries are classified as either brown or green, and each can transition between states through R&D activities related to innovation and greening....

The open science movement has gained significant momentum over the past decade, with pre-registration and the use of pre-analysis plans being central to ongoing debates. Combining observational evidence on trends in adoption with survey data from 519 researchers, this study examines the adoption...