In this paper we model taxpayers reactions to the possibility of either reporting income as usual and running the risk of an audit or reporting a "cutoff" income and paying a threshold tax that gives the certainty of not being audited. Models of this kind already discussed in the literature...

The main purpose of the current publication is to formulate a scenario model for the analysis of the opportunities for low-carbon economy establishment in the countries with transition economies. The model studies risk factors such as shadow economy level and populism based on the implementation...

In this paper, we document that a more generous unemployment insurance (UI) system shifts labor supply from safer to riskier firms and reduces the compensating wage differential that riskier firms are required to pay. Reallocation of labor supply towards riskier firms has real implications for...

The COVID-19 pandemic represented the emergence of an enormous, systemic, and largely un-anticipated economic risk. It upended entire industries on a global scale, shuttered millions of businesses by government order, and left millions more struggling to adapt to unforeseen and rapidly changing...

This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is...