Discrepancies Between Theory and Market Reality Banking

Discrepancies Between Theory and Market Reality

My recently published paper, A Test of the Coase Conjecture Using Prices of Electronic Books, co-authored with Tim Groseclose, critically examines the Coase Conjecture and its implications in the context of current market pricing trends in the electronic book industry.

May 26, 2026
The Importance of Corporate Tax Rates in Economic Growth Economy

The Importance of Corporate Tax Rates in Economic Growth

Analysis identifies three key findings: enhanced tax competitiveness correlates with significant real GDP per capita growth; businesses thrive in competitive tax environments, leading to overall economic expansion; and improved tax structures can drive investment and productivity.

May 26, 2026
Understanding Carousel Trade Dynamics in Arbitrage Economy

Understanding Carousel Trade Dynamics in Arbitrage

Two companies, controlled by the same owners, engage in a transaction where Company A imports phones and sells them to Company B, charging VAT. When Company B exports the phones, it creates complexities in tax and profit margins, influencing market behaviors and financial strategies.

May 25, 2026
Emergent Ventures Cohort 54 Recognizes New Winners Banking

Emergent Ventures Cohort 54 Recognizes New Winners

This year's Emergent Ventures winners include Kenny Guo and Krish Chhajer focusing on advancements in quantum computing, alongside Luthira Abeykoon Mudiyansela from Toronto. Jolie Gan, from Calgary and San Francisco, aims to publish work on science and meta-science, while 16-year-old Hudson Mitchell-Pullman from San Diego explores user engagement trends.

May 25, 2026
Distilled Spirits Tax Rates by State for 2026 Economy

Distilled Spirits Tax Rates by State for 2026

In 2026, distilled spirits account for 42.4 percent of the U.S. alcohol market, surpassing beer sales for the fourth consecutive year. This ongoing growth underscores the financial dynamics reshaping the alcohol industry.

May 22, 2026