📈 economics

Wage Floors Without Walls: Spatial Legibility, Enforcement Architecture and the Stratification of Minimum Wage Protection A Theoretical Account, with Application to Migrant Women in Indian Domestic Work

This paper argues that minimum wage protection is not a universal instrument but a group-conditioned one whose effectiveness depends on the spatial legibility of the workplace, demonstrating how site opacity and restricted worker mobility create a "collapse point" where raising statutory wages paradoxically excludes vulnerable groups like migrant domestic workers, thereby necessitating a policy sequence that prioritizes establishing transaction visibility before increasing wage levels.

Sachin Kumar Singh2026-10-14
📈 economics

The U.S.–China trade war and Abnormal Fluctuations in Cross-Border Supply Chains

This paper utilizes a novel abnormal fluctuation index to demonstrate that the U.S.–China trade war significantly disrupted cross-border supplier–customer relationships by increasing transaction costs and uncertainty, with firms' adjustment strategies varying based on their innovation capabilities, product substitutability, and geographic diversification.

Liqiang Yang, Wanying Tang, Ruonan Zhang, Pan Wang2026-10-14
📈 economics

From Limited to Open Access Orders: An Evolutionary Game Theory Approach and a Case Study of South Korea

This paper employs an evolutionary game-theoretic model to formalize the transition from Limited to Open Access Orders, demonstrating that sustained institutional change requires the simultaneous satisfaction of North et al.'s three "doorstep conditions" as endogenous thresholds, a finding empirically validated through the calibration of South Korea's 1987 democratic transition.

Mohammadreza Yavari, Shahram Fattahi, Salah Salimian, Farshad Keshavarz2026-10-14
📈 economics

The Saving Abroad at Low Interest While Borrowing at High Interest Dilemma: How Much of a Commodity Windfall Should a Middle-Income Country Save in Its Sovereign Wealth Fund? Empirical Evidence from Mongolia

This paper argues that for commodity-exporting middle-income countries like Mongolia, where borrowing costs fall as prices rise, the optimal strategy is to save approximately 64–84% of commodity windfalls in a Sovereign Wealth Fund or use them to retire debt rather than spending them domestically, as this approach maximizes welfare by balancing low fund returns against the insurance value of avoiding high borrowing costs during downturns.

Tumendelger Lkhagvasuren, Batnasan Namsrai2026-10-14