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Small Farms, Externalities, and the Dust Bowl of the 1930'S
Hansen, Zeynep K.; Libecap, Gary D. - 2021
We provide a new and more complete analysis of the origins of the Dust Bowl of the 1930s, one of the most severe environmental crises in North America in the 20th Century. Severe drought and wind erosion hit the Great Plains in 1930 and lasted through 1940. There were similar droughts in the...
Persistent link: https://www.econbiz.de/10013222323
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The Enduring Impact of the American Dust Bowl : Short and Long-Run Adjustments to Environmental Catastrophe
Hornbeck, Richard - 2010
The 1930's American Dust Bowl was an environmental catastrophe that greatly eroded sections of the Plains. Analyzing new data collected to identify low-, medium-, and high-erosion counties, the Dust Bowl is estimated to have immediately, substantially, and persistently reduced agricultural land...
Persistent link: https://www.econbiz.de/10013149654
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The Role of Technological Change in Green Growth
Popp, David - 2014
By reducing the costs of environmental protection, technological change is important for promoting green growth. This entails both the creation of new technologies and more widespread deployment of existing green technologies. This paper reviews the literature on environmentally friendly...
Persistent link: https://www.econbiz.de/10013065135
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How Do Humans Interact with Algorithms? Experimental Evidence from Health Insurance
Bundorf, M. Kate - 2019
Algorithms are increasingly available to help consumers make purchasing decisions. How does algorithmic advice affect human decisions and what types of consumers are likely to use such advice? We conducted a randomized, controlled trial comparing the effects of offering personalized information,...
Persistent link: https://www.econbiz.de/10012867905
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Prediction, Judgment and Complexity : A Theory of Decision Making and Artificial Intelligence
Agrawal, Ajay K. - 2018
We interpret recent developments in the field of artificial intelligence (AI) as improvements in prediction technology. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models of decision-making under uncertainty to account for the...
Persistent link: https://www.econbiz.de/10012929013
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Managing Intelligence : Skilled Experts and Ai in Markets for Complex Products
Gruber, Jonathan; Handel, Benjamin; Kina, Samuel; … - 2021
In numerous high stakes markets skilled experts play a key role in facilitating consumer choice of complex products. New artificial intelligence (AI) technologies are increasingly being used to augment expert decisions. We study the role of technology and expertise in the market for health...
Persistent link: https://www.econbiz.de/10013315315
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When Fast Growing Economies Slow Down : International Evidence and Implications for China
Eichengreen, Barry - 2011
, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns …
Persistent link: https://www.econbiz.de/10013127765
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The Promise of Beijing : Evaluating the Impact of the 2008 Olympic Games on Air Quality
Chen, Yuyu - 2011
To prepare for the 2008 Olympic Games, China adopted a number of radical measures to improve air quality. Using …
Persistent link: https://www.econbiz.de/10013127978
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Firm Exports and Multinational Activity Under Credit Constraints
Manova, Kalina - 2011
sectoral pattern of multinational activity. Using detailed customs data from China, we show that foreign affiliates and joint …
Persistent link: https://www.econbiz.de/10013127980
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Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
Deng, Yongheng - 2011
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10013128599