COVID-19 pandemic the show, held in person, had to switch to an all-remote format. We find that such an exogenous change in … social context affected risk-taking behavior. Remotely, pairs take far fewer risks when the stakes are high than in the flesh …

flexibility? to identify the optimal means of innovating to meet the given environmental objective. Thus, it can be argued that … database of patent applications from a cross-section of countries evidence is provided for the positive effect of flexibility …

flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved …. -- factor proportions ; technological choice ; flexibility ; real options ; alternative energy source …

change is needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment … excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …

education. This investment decision is taken only after observing a signal which is correlated to his/her true ability, and …) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure …

cultural background matter. -- Decision under pressure ; altruism ; social norms ; interdependent preferences ; excess of …

enforced. This paper shows that economic analysis can account for human behavior in such situations. -- Decision under pressure …