This paper develops a network economy model to study the propagation of the COVID lockdown shock. Firms are related to each other through buyer-seller relations in the market for intermediate inputs. Firms choose production levels and input combinations using prices that emerge from local...

This paper estimates the cost of the lockdown of some sectors of the world economy in the wake of COVID-19. We develop a multi sector disequilibrium model with buyer- seller relations between agents located in different countries. The production network model allows us to study not only the...

In the wake of the COVID-19 pandemic, the Government of India imposed production restrictions on various sectors of the economy. Prima facia there is reason to believe that the cost of the quantity constraints may be greater than their simple sum. This is because quantity constraints percolate...

Recent immigration policies regarding F-1 student visas and H-1B work visas, aligned with the protectionist executive order known as “Buy American and Hire American,” introduced by the Trump administration in 2017, have been reducing the application rates of foreigners wishing to enter...

In 1906, the United States instituted its first drug laws. Over time, drug prohibition and criminalization have continued, becoming what is known today as the "War on Drugs." This Article examines the political economy of the War on Drugs with particular emphasis on the unintended consequences...

This paper analyzes how the use of unmanned aerial vehicles (UAVs) or “drones” in foreign interventions abroad have changed the dynamics of government activities domestically. Facing limited or absent constraints abroad, foreign interventions served as a testing ground for the domestically...