Urban science seeks to understand the fundamental processes that drive, shape and sustain cities and urbanization. It is a multi/transdisciplinary approach involving concepts, methods and research from the social, natural, engineering and computational sciences, along with the humanities. This...

Scaling is a general analytical framework used by many disciplines — from physics to biology and the social sciences — to characterize how population–averaged properties of a collective vary with its size. The observation of scale invariance over some range identifies general system types,...

A legal dispute is brewing between Larva Labs, the creator of the CryptoPunks NFTs, and a group of owners of the so-called V1 CryptoPunks or V1 Punks, who received the NFTs in 2017 when Larva first launched them. However, the V1 Punks had a big error in the code for the smart contract. To fix...

The CryptoPunks NFT collection, produced by Larva Labs, is the highest-grossing NFT collection to date. Sales have surpassed $1.6 billion. That figure is all the more astounding given that Larva Labs gave away all 10,000 CryptoPunks NFTs for free in 2017. Christie’s has described the...

We study the consequences of firm-specific stock price crashes (SPCs) by examining whether, and if so, how SPCs affect market information efficiency. This contrasts with prior research that focuses on firm-specific causes or determinants of SPCs. The tension underlying our research question...

Motivated by Cao, Cumming, and Wang (2015), we utilize China's one-child policy reform as a unique and exogenous setting to examine the economic impact of a potential rise in bequest motives among family firms, which is driven by the prospect of family and clanship expansion after the reform. A...

Unlike prior research that focuses on determinants of firm-specific stock price crashes (SPCs), we study the consequences of SPCs on market information efficiency. The tension underlying our research question stems from two competing explanations. As an unanticipated shock, a SPC could stimulate...