Group formation tends to involve peer effects. I provide a new sufficient condition for the non-emptiness of the core of network formation games that involve pairwise complementarities between peers.…Read More
A recent rapid-automation movement has been displacing routine labor and has sparked a series of discussions about taxation on automation such as a robot tax. However, the government’s dilemma is that the planner may want to tax such physical capital that displaces routine labor for redistributive motives but does not want to tax other physical capital that increases such workers’ productivities.…Read More
