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Individual and Collective Information Acquisition : An Experimental Study

Reshidi, Pëllumb; Lizzeri, Alessandro; Yariv, Leeat; … - National Bureau of Economic Research - 2021

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions …

Persistent link: https://www.econbiz.de/10012794585

Trade, Human Capital, and Income Risk

Deng, Liuchun; Krishna, Pravin; Senses, Mine Zeynep; … - National Bureau of Economic Research - 2021

In this paper, we empirically assess the causal links between trade and individual income risk and study the role that … and the linkage between trade and risk: While, on average, individuals with higher levels of industry- or occupation … of industry-specific human capital can be costly for workers in highly trade-exposed industries. By contrast, we find no …

Persistent link: https://www.econbiz.de/10012794639

On Wars, Sanctions and Sovereign Default

Bianchi, Javier; Sosa Padilla, César - National Bureau of Economic Research - 2022

This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...

Persistent link: https://www.econbiz.de/10013191083

The Economics of Time-Limited Development Options : The Case of Oil and Gas Leases

Herrnstadt, Evan M. - 2020

Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty and primary term clauses. The royalty denotes the share of revenue that is paid to the mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...

Persistent link: https://www.econbiz.de/10012481748

The Political Economy of Responses to COVID-19 in the U.S.A.

Cui, Zhihan; Heal, Geoffrey; Kunreuther, Howard; Liu, Lu - National Bureau of Economic Research - 2021

Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...

Persistent link: https://www.econbiz.de/10012496132

Rational Atrophy : The US Steel Industry

Tornell, Aaron - 1997

During the seventies and eighties the US steel industry received trade protection. However, these rents were not used …

Persistent link: https://www.econbiz.de/10012472730

Why Did Putin Invade Ukraine? A Theory of Degenerate Autocracy

Egorov, Georgij V.; Sonin, Konstantin - National Bureau of Economic Research - 2023

Many, if not most, personalistic dictatorships end up with a disastrous decision such as Hitler's attack on the Soviet Union, Hirohito's government launching a war against the United States, or Putin's invasion of Ukraine in February 2022. Even if the decision is not ultimately fatal for the...

Persistent link: https://www.econbiz.de/10014250204

Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety

Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022

This paper presents a new method for estimating discrete games based on bounds of conditional choice probabilities. The method does not require solving the game and is scalable to models with many firms and many discrete decisions. We apply the method to study merger effects on firm entry and...

Persistent link: https://www.econbiz.de/10013334365

The Impact of Fear on Police Behavior and Public Safety

Cho, Sungwoo; Gonçalves, Felipe; Weisburst, Emily - National Bureau of Economic Research - 2023

We examine how changes in the salience of workplace risk affect police behavior and public safety. Specifically, we investigate cases of police officer deaths while on duty. Officers respond to a peer death by decreasing arrest activity for one to two months, consistent with heightened fear....

Persistent link: https://www.econbiz.de/10014322779

Fragile Algorithms and Fallible Decision-Makers : Lessons from the Justice System

Ludwig, Jens; Mullainathan, Sendhil - National Bureau of Economic Research - 2021

Algorithms (in some form) are already widely used in the criminal justice system. We draw lessons from this experience for what is to come for the rest of society as machine learning diffuses. We find economists and other social scientists have a key role to play in shaping the impact of...

Persistent link: https://www.econbiz.de/10012629487