This paper develops a model of cross-country growth and distribution dynamics where sharing ideas is important. The model shows clusters of economies emerging from deliberate choices made in equilibrium. It characterizes how, over time, the cross-section distribution of countries stratifies into distinct income classes.

We examine the performance of stocks that represent managers’“Best ideas.”We …nd that the stock that active managers display the most conviction towards ex-ante, outperforms the market, as well as the other stocks in those managers’portfolios, by approximately one to four percent per quarter depending on the benchmark employed. The results for managers’other high-conviction investments (e.g. to...

I am happy to supervise projects in any area of combinatorics or algebra. This document gives some possible subjects. Most could be adapted to be suitable as either a 3rd year, 4th year or MSc project. Combinatorial game theory. In the game of Domineering the two players are called Horizontal and Vertical. In each turn, Vertical places a domino vertically on the board, and then Horizontal place...