We model investing that considers environmental, social, and governance (ESG) criteria. In equilibrium, green assets …

in a negative correlation in equilibrium between insurance coverage and ex post realization of risk. We show that if the … correlation property in equilibrium, unless there is a sufficiently high loading factor. If the insurance market is monopolistic … or imperfectly competitive, however, we show that it is possible to generate negative correlation property in equilibrium …

incentives to steal and the equilibrium crime rate. When studying the production of durable goods, we find that the presence of … crime affects consumer and producer surplus and thus their behaviour, market equilibrium, and, in turn, the social optimum …

redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax … related to the equilibrium tax rate. However, neither is sufficient by itself. Social mobility has no effect on equilibrium …

We use a new micro data set that covers all oil fields in the world to estimate a stochastic industry-equilibrium model … market in a general-equilibrium model of the world economy. We analyze the impact of the advent of fracking on the volatility …

hiring and separation reflect churn and are balanced in equilibrium, where one is the mirror image of the other. Hiring …

equilibrium in a general setting, and illustrate how the model can account for several important trading patterns in over … frictions affect the per-unit trading costs that investors pay in equilibrium …

The standard Beckerian analysis of marriage market equilibrium assumes that allocation within marriage implements … agreements made in the marriage market. This paper investigates marriage market equilibrium when allocation within marriage is …, determines allocation within each marriage. This analysis is consistent with any bargaining model with a unique equilibrium as …