We demonstrate that heat inhibits learning and that school air-conditioning mitigates this effect. Student fixed … heat being particularly damaging. Weekend and summer heat has little impact, suggesting heat directly disrupts learning … simple benefit-cost tests. Without air-conditioning, a 1°F hotter school year reduces that years learning by one percent. Hot …

-term relationships were more resilient in the 2008/9 financial crisis. Based on these findings, we present a model of importer learning …

develops a model featuring enforcement frictions, learning, and a financing cost advantage of trade credit that can rationalize … factor limiting the use of trade credit. Through learning, this uncertainty resolves within a relationship over time. For …

We demonstrate that heat inhibits learning and that school air-conditioning mitigates this effect. Student fixed … heat being particularly damaging. Weekend and summer heat has little impact, suggesting heat directly disrupts learning … simple benefit-cost tests. Without air-conditioning, a 1°F hotter school year reduces that years learning by one percent. Hot …