Medical experts have argued forcefully that using cigarettes harms health, prompting the adoption of myriad anti-smoking … policies. The association between smoking and mortality may, however, be driven by unobserved factors, making it difficult to … a teenager, which are arguably exogenous, on adult smoking participation and mortality. A one-dollar increase in teenage …

Are workplace smoking bans (WSBs) more than a ban on smoking? We study whether WSBs influence smoking cessation and … bans. Drawing upon quasi-experimental evidence from Russia, which introduced a WSB (in addition to a ban on smoking in … findings. First, unlike previous studies that focus on smoking bans in public places, we find robust evidence that WSBs …

the price of a risky asset. Given their risk aversion, agents make a deterministic trade-off between mean and variance … busts in the asset price without exogenous shocks. Small, stochastic price shocks lead to larger asset price bubbles, and …