经济学最新文献

{"title":"The NFL draft and host-city hotel occupancy","authors":"E. Frank Stephenson","doi":"10.1111/coep.70034","DOIUrl":"https://doi.org/10.1111/coep.70034","url":null,"abstract":"<p>Since 2015, the National Football League (NFL) draft has been held in various cities around the United States and has been accompanied by claims of large economic benefits. This paper uses daily hotel occupancy data to examine the effects of hosting the NFL draft. The results indicate the 2015–2018 drafts had negligible effects on room rentals and hotel revenue, while the 2019–2024 drafts (excluding 2020 and 2021) had statistically significant but small effects. The paper also presents estimates for other events held in draft-hosting cities, including NFL and other professional sports games, Formula One races, a Super Bowl, and Taylor Swift's Eras Tour concerts.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"808-821"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Did unilateral-no-fault divorce laws raise divorce rates?","authors":"Jordan D. Hillman","doi":"10.1111/coep.70042","DOIUrl":"https://doi.org/10.1111/coep.70042","url":null,"abstract":"<p>Between 1970 and 1980, 37 states adopted unilateral-no-fault divorce laws. This change was known as the no-fault revolution. Critics claim that no-fault divorce has weakened moral values and contributed to family breakdown. Past research offers mixed conclusions on whether these laws increased divorce rates. This paper improves upon previous studies by distinguishing between unilateral-no-fault and overall (unilateral and mutual) no-fault divorce treatment dates. Using a causal inference framework and a stacked-regression difference-in-differences estimator with entropy balancing, this study accounts for varied treatment timing. The findings show no lasting or statistically significant effects of unilateral-no-fault divorce laws on divorce rates.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"845-858"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177517","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The specifics of non-routine task changes: A granular approach","authors":"Carol A. Scotese","doi":"10.1111/coep.70041","DOIUrl":"https://doi.org/10.1111/coep.70041","url":null,"abstract":"<p>This paper estimates granular specific non-routine tasks and examines employment reallocation across those tasks in the United States. Employment shifts into decision-making, technology, and information-related tasks account for 90% of high-wage employment growth. The granularity reveals non-routine abstract tasks are intensive in all skill environments and that non-college men experienced deskilling arising from displacement from routine work and from non-routine abstract tasks. This is potentially linked to the decline in supervisory employment. The pattern of task reallocation differs across genders. Both non-college and college educated women expanded into a wider array of non-routine abstract tasks relative to their male counterparts.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"981-1001"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.70041","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Institutional Design, Outside Director Effectiveness, and Stock Price Crash Risk: Evidence from Japan's 2015 Hybrid Board Reform*","authors":"Baiqiao Yin","doi":"10.1111/ajfs.70044","DOIUrl":"https://doi.org/10.1111/ajfs.70044","url":null,"abstract":"<p>This study investigates the effect of a hybrid board structure that combines Anglo-American principles with traditional Japanese practices on stock price crash risk. The 2015 amendment to Japan's Companies Act introduced the Audit and Supervisory Committee (ASC) structure, designed to strengthen outside directors' effectiveness through enhanced statutory authority, improved information access, and greater influence over board decisions. Using panel data from Japanese listed firms from 2013 to 2019 and employing a difference-in-differences approach, this study finds that ASC adoption significantly reduces future crash risk. This effect is more pronounced in firms with higher board independence and those with female outside directors, which benefit more from the institutional advantages of ASC adoption. However, the “unnatural selection” of outside directors weakens this relationship, indicating that formal compliance alone is insufficient to improve governance outcomes. Overall, the findings suggest that hybrid board structures can achieve broad acceptance while enhancing the effectiveness of outside directors when tailored to local institutional contexts, offering practical guidance for reforms in insider-dominated economies.</p>","PeriodicalId":8570,"journal":{"name":"Asia-Pacific Journal of Financial Studies","volume":"55 5","pages":"591-634"},"PeriodicalIF":1.4,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Government purchase of surplus inventory without price constraints: The San Diego Chargers ticket guarantee","authors":"Geoffrey Propheter,&nbsp;Stefan Szymanski","doi":"10.1111/coep.70030","DOIUrl":"https://doi.org/10.1111/coep.70030","url":null,"abstract":"<p>In the 1990s, the city of San Diego agreed to purchase unsold tickets to Chargers' games at the team's price. This was a short-term contract affording the team owner ample room for opportunistic rent extraction. Research and discourse tends to frame owners' constraints on subsidy rent extraction magnitude as determined heavily by lawmaker political calculus. A multi-year, uncapped, and legally binding ticket guarantee frees the owner from these constraints. Despite this, we estimate ticket prices rose 20%–30%, less than intuition might suggest. Our results suggest owners' ticket pricing behavior faces constraints exogenous to the subsidy policy process.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"789-807"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177521","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A note on the generality of the Porter Hypothesis","authors":"Robert D. Mohr","doi":"10.1111/coep.70043","DOIUrl":"https://doi.org/10.1111/coep.70043","url":null,"abstract":"<p>The Porter Hypothesis asserts that environmental regulations can spur innovation and benefit regulated firms. Prior economic models derive this outcome only in the presence of additional distortions, suggesting it is unlikely and difficult to induce, though desirable. Using the same graphical framework that economists first employed to critique Porter's hypothesis, this note shows that when distributional consequences of policy are considered, Porter-consistent outcomes are plausible and could be generated through targeted regulation. However, such outcomes provide no benefit beyond reducing environmental externalities. The benefits to firms indicate that regulators have failed to exploit the revenue recycling potential of environmental policy.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"1002-1008"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"At peace with results: Navigating results in Swedish peacebuilding support","authors":"Janet Vähämäki,&nbsp;Fredrik Söderbaum,&nbsp;Annika Hilgert,&nbsp;Susanna Alexius","doi":"10.1111/dpr.70104","DOIUrl":"https://doi.org/10.1111/dpr.70104","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <h3> Motivation</h3>\u0000 \u0000 <p>This study contributes to the literature on the conditions under which results-based management (RBM) practices enhance or undermine development policy implementation, and research on how aid bureaucrats respond to competing institutional demands.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Purpose</h3>\u0000 \u0000 <p>The case of the Folke Bernadotte Academy (FBA), the Swedish government agency for peace, security, and development, contributes to the relatively limited literature on RBM in peacebuilding contexts.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Approach and methods</h3>\u0000 \u0000 <p>The analysis of FBA's responses to competing results demands is based on a qualitative research design combining document analysis, focus group interviews, and in-depth semi-structured interviews with staff across organizational functions. The analytical framework centres on institutional logics and strategic responses to conflicting institutional demands, and an ideal-typical model is developed representing two co-existing institutional logics for results: a Public Administration (PA) logic associated with requirements of upward accountability, precise measurement requirements and a Field-based (FB) logic rooted in demands for adaptive, partner-oriented implementation practices.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Findings</h3>\u0000 \u0000 <p>At FBA, results are predominantly interpreted in line with the FB logic, and few tensions between the logics are found. The less internally represented demands aligned with the PA logic on RBM are strategically redefined and decoupled from core operations using pragmatic bureaucratic skills, specifically a response we define as <i>reversed commensuration</i>. The case also reveals the use of <i>proper organization proxies</i> (legitimate structures, processes, and methods) to signal adherence and future results on the way.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Policy implications</h3>\u0000 \u0000 <p>Contrary to hegemonic beliefs in the field, the findings indicate that the tensions and adverse consequences commonly associated with RBM are not inevitable. The FBA case demonstrates how agencies can mitigate the dynamics of “result fetishism” by strategically mediating competing results demands while sustaining flexibility and responsiveness to partner priorities and avoiding hyper bureaucracy.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51478,"journal":{"name":"Development Policy Review","volume":"44 6","pages":""},"PeriodicalIF":2.1,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/dpr.70104","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149205876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The value of hybrid evaluation methods for targeted social assistance programs: A case study of China's Dibao","authors":"Jiajun Lan,&nbsp;Yinghao Pan,&nbsp;Jinyang Ren,&nbsp;Hao Yang","doi":"10.1111/coep.70026","DOIUrl":"https://doi.org/10.1111/coep.70026","url":null,"abstract":"<p>Evaluating the targeting of large-scale social assistance programs is crucial for improving public administration. Traditional approaches, relying solely on quantitative proxy means testing or qualitative community inputs, have limitations in capturing complex socioeconomic realities. This paper argues for employing hybrid methods that integrate quantitative and qualitative data sources to comprehensively assess targeting accuracy. Using China's Dibao program as a case study, we demonstrate that a hybrid approach reduced inclusion errors and enhanced program understanding among beneficiaries and communities. Our findings highlight the importance of collaborative evaluation mechanics that leverage localized knowledge while guarding against elite capture.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"859-883"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Carbon market pilot policies and corporate green governance performance: Evidence from China","authors":"Yangyang Li,&nbsp;Xiangzhi Zhao","doi":"10.1111/coep.70036","DOIUrl":"https://doi.org/10.1111/coep.70036","url":null,"abstract":"<p>This study employs a multi-period difference-in-differences model to analyze 2009–2022 corporate data, assessing the impact of China's carbon market pilot policy on corporate green governance performance, including environmental disclosure, green innovation, and stakeholder engagement. The policy enhances green governance through two channels by easing corporate financing constraints and stimulating green technology innovation, with results robust to propensity score matching difference-in-differences and spatial placebo tests. Notably, effects are stronger for non-state-owned enterprises, central-region firms, and firms led by environmentally proactive executives. We propose tiered carbon pricing and targeted green financing to address regional and ownership-based disparities, guiding strengthening of market-based green governance in emerging economies.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"951-973"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Climate shocks, coping strategies, and household resilience: Evidence from a three-wave panel in Malawi","authors":"Suyeon Ro,&nbsp;Jongwook Lee","doi":"10.1111/coep.70033","DOIUrl":"https://doi.org/10.1111/coep.70033","url":null,"abstract":"<p>Climate shocks threaten rural livelihoods in Malawi, yet households adopt diverse coping strategies to mitigate welfare losses. Using three-wave Living Standards Measurement Study–Integrated Surveys on Agriculture panel data (2013–2019) and household fixed-effects models, this study examines how climate shocks affect food security and expenditure-based resilience and evaluates the moderating roles of coping strategies. Climate shocks significantly increase distress coping and reduce household consumption by approximately 4%–13% of mean annual expenditure. Savings and Social Safety Nets buffer these effects by stabilizing consumption, while credit provides only limited protection. These findings underscore the importance of integrating financial inclusion and social protection to strengthen resilience to climate risks.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"44 4","pages":"884-905"},"PeriodicalIF":1.0,"publicationDate":"2026-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.70033","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149177236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}