In this paper we theoretically and empirically examine how the interaction between the formal court system and the informal loan network affects a household's decision to start a business. We find that when the formal court system is weak, expansion of informal credit network leads to the...

Many new and efficient technologies require "critical metals" to function. These metals are often extracted as by-product of another metal, and their future supply is therefore dependent on mining developments of the host metal. Supply of critical metals can also be constrained because of...

Economists typically predict that people are inherently selfish; however, experimental evidence suggests that this is often not the case. In particular, delegating a choice (such as a wage) to the performing party may imbue this party with a sense of responsibility, leading to improved outcomes...