We study the resource allocation decisions of U.S. multinational corporations (MNCs). We examine how established MNCs grow across countries and how firm-specific resources and host country financial-market development influence MNC growth. We find evidence of intra-firm trade-offs to growth in...

1. Harmonising creativity -- 2. Redesigning China's creative space -- 3. Clusters and regional development -- 4. Beijing : creative capital or state-managed openness? -- 5. Art districts : the pin-up child of the Chinese creative economy -- 6. Shanghai's cluster-led creative renaissance -- 7....

Using data on essentially every U.S. Supreme Court decision since 1946, we estimate a model of peer effects on the Court. We estimate the impact of justice ideology and justice votes on the votes of their peers. To identify the peer effects, we use two instruments that generate plausibly...

We study potential impacts of future climate change on U.S. agricultural productivity using county‐level yield and weather data from 1950 to 2015. To account for adaptation of production to different weather conditions, it is crucial to allow for both spatial and temporal variation in the...

We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...

We prove an apparently new type of ergodic theorem, and apply it to the site percolation problem on sparse random sublattices of Zd (d≥2), called “lattices with large holes”. We show that for every such lattice the critical probability lies strictly between zero and one, and the number of...