This paper investigates the interplay between distributive conflict, wage dynamics, and persistent unemployment within a Kaleckian framework, emphasizing the long-memory properties of wages. We develop a stochastic model in which wages adjust adaptively to cumulative historical discrepancies...

This paper investigates the interplay between distributive conflict, wage dynamics, and persistent unemployment within a Kaleckian framework, emphasizing the long-memory properties of wages. We develop a stochastic model in which wages adjust adaptively to cumulative historical discrepancies...

We study how different ways of incorporating environmental, social, and governance (ESG) objectives into mean–variance portfolio choice affect diversification. A commonly used linear ESG adjustment tilts portfolios toward high-scoring assets but, under standard long-only constraints,...

Green hydrogen is a crucial component in the transition to a low-carbon economy. However, large-scale production is limited by geographical conditions in many regions, which requires hydrogen imports to meet demand. To ensure supply security and avoid dependence on singular exporters, sourcing...

Diversify or Die: Why the Future of Sports is Entertainment argues that sports is no longer just a game. Driven by technology and professional investors, sports has become a global stage converging film, music, fashion, and celebrity culture. Athletes are creators. Clubs are media brands. Fans...