Discrimination is an ubiquitous phenomenon in many societies, but little is known about its origins in childhood. In a framed field experiment, we let 142 three to six-year old preschool children allocate a fixed endowment between an in-group and an out-group receiver in two domains (gender and...

With the ensuing immigration reform in the US, the paper shows that targeted skilled immigration into the R&D sector that helps low-skilled labor is conducive for controlling inequality and raising wage. Skilled talent-led innovation could have spillover benefits for the unskilled sector while...

In this paper we revisit the influential theory of monopolistic competition and optimum product variety as developed by Dixit and Stiglitz (1977) with applications in international trade by Krugman (1979,1980), by modeling fixed and variable costs of production in terms of underlying use of...

We propose a model of "trade" between high income and low-income groups where the rich being scared of the spread of infection hires the poor to engage them in exposure-intensive outdoor activities as workers in the household industry. People who endure hardships and sustain exposure to...

This paper explores the short run, medium run and long run impact of pandemic on the contact intensive entertainment industry in terms of a simple general equilibrium model that can accommodate for unemployment and underemployment. Finite change as a response to large shocks may lead to...

We study the implications of credit constraints for the sustainability of product market collusion in a bank-financed oligopoly in which firms face an imperfect credit market. We consider two situations, without and with credit rationing, i.e., with a binding credit limit. When there is credit...

We present experimental evidence from a bilingual city in Northern Italy on whether thelanguage spoken by a partner in a prisoner’s dilemma game affects behavior and leadsto discrimination. Running a framed field experiment with 828 six- to eleven-year oldprimary school children in the city of...

We measure time preferences in a sample of 561 children aged seven to eleven years. Using awithin-subject design we compare the behavior of our subjects in two distinct experimentaltasks: a standard choice list with multiple decisions and a simpler time-investment-exerciserequiring one decision...

According to Chen’s (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We...

We study with a sample of 1,070 primary school children, aged seven to eleven years,how altruism in a donation experiment is related to children’s risk attitudes and intertemporalchoices. Examining such a relationship is motivated by theories of reciprocalaltruism that provide a cornerstone to...