-term externalities of binge drinking. We find that these externalities are on average $4.9 billion per year ($7 billion), about $80 for …

We scrutinize the scope of auctions in the presence of downstream interactions and information externalities by using …

consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning … learning incentives diverge, we show that it will be optimal to temporarily increase the tax rate beyond net marginal external … damages to induce optimal learning, before reducing the tax rate to the steady-state level. Alternatively, one needs to …

We report two information cascade game experiments that directly test the impact of altruism on observational learning … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning …

The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …