Building on the analysis of Bonanno (2025) we introduce a simple modal logic containing three modal operators: a unimodal belief operator B, a bimodal conditional operator and the unimodal global operator □. For each AGM axiom for belief revision, we provide a corresponding modal axiom. The...

We develop a model of Ponzi schemes with asymmetric information to study Ponzi frauds. A long-lived agent offers to save on behalf of short-lived agents at a higher rate than they can earn themselves. The long-lived agent may genuinely have a superior savings technology, but may be an imposter...

Evaluation is critical in talent development because it can significantly determine perceived effectiveness and experiences. Utilizing the logic of procedural justice and extending the theory, we have created a model of constructive procedural justice consisting of three interdependent stages...

I develop a dynamic macroeconomic model of a small open economy to identify two key vulnerabilities that prevent emerging markets from fully integrating into global markets: high financial integration costs and their low position in the international monetary hierarchy. These vulnerabilities...

India is witnessing renewed focus on cooperative structure with GOI laying more emphasis on this sector. This would give a fillip to institutions like Stree Nidhi which are functioning under the ambit of State Cooperative Societies Act'1964. In different times, different institutions emerge to...

The concept of the Condorcet winner has become central to most electoral models in the political economy literature. A Condorcet winner is the alternative preferred by a plurality in every pairwise competition; the notion of a k-winner generalizes that of a Condorcet winner. The k-winner is the...

When governments have more revenue, they can invest in infrastructure, such as the provision of electricity or clean fuels, which is more effective in well-governed countries. Here, we use an equilibrium correction model to empirically investigate the relationship between government revenue per...

Computational general equilibrium (CGE) models can evaluate detailed tax reforms, trade restrictions, or environmental policy. These models can capture many complexities, but these complexities can make results difficult to interpret. Analytical general equilibrium (AGE) models provide better...

This paper provides the first causal evaluation of the political impact of asylum seekers in the UK. Although dispersed across areas on a no-choice basis, political bargaining between central and local governments introduces potential endogeneity in their allocation. We address this with a novel...

The rapid expansion of Over-the-Top (OTT) video platforms has transformed the media industry by providing diverse content and reshaping consumer preferences. This study explores factors influencing customer switching intentions using Multi-Criteria Decision-Making (MCDM) techniques like AHP,...