Richard J. Sweeney
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View article: Tariffs and welfare: A common, invalid anti-tariff argument
Tariffs and welfare: A common, invalid anti-tariff argument Open
President Trump imposed tariffs in 2017 on several of China’s exports, notably steel. Many papers opposed these tariffs by using a common, invalid argument: rather than arguing these tariffs reduced U.S. welfare, they argue U.S. consumers …
View article: Secrecy Rules and Exploratory Investment: Theory and Evidence from the Shale Boom
Secrecy Rules and Exploratory Investment: Theory and Evidence from the Shale Boom Open
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information externalities.In a two-firm, two-period model, we characterize equilibrium behavior under policies which disclose wheth…
View article: PITFALLS IN CROSS‐SECTION STUDIES WITH INTEGRATED REGRESSORS: A SURVEY AND NEW DEVELOPMENTS
PITFALLS IN CROSS‐SECTION STUDIES WITH INTEGRATED REGRESSORS: A SURVEY AND NEW DEVELOPMENTS Open
In cross‐section studies, if the dependent variable is I (0) but the regressor is I (1), the true slope must be zero in the resulting “unbalanced regression.” A spuriously significant relationship may be found in large cross‐sections, howe…
View article: Constitutional Conflicts in the European Union: Court Packing in Poland versus the United States
Constitutional Conflicts in the European Union: Court Packing in Poland versus the United States Open
Court packing greatly threatens democracy. This paper examines, compares and draws conclusions from two attempts: The PiS government is near to packing Polish courts; President Roosevelt tried but failed to pack the U.S. Supreme Court in 1…