damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the … mining until better information arrives. We show conditions under which it is optimal to postpone the mining decision … marginal mine owner is completely indifferent between mining immediately and at any point in the future. Thus, for our problem …

mining deposits is associated with bigger firms and fewer start-ups in the middle of the 20th century. We use mines as an … cold and warm regions alike and in industries that are not directly related to mining, such as trade, finance and services …

In this chapter, I consider the benefits of viewing history through an evolutionary lens. In recent decades, a field of … to explain the history of human societies. I then turn to a discussion of how an evolutionary perspective provides …

more sophisticated identification techniques, have moved beyond testing whether history matters, and attempt to identify … exactly why history matters. The most commonly examined channels include: institutions, culture, knowledge and technology, and …