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The Enduring Impact of the American Dust Bowl : Short and Long-run Adjustments to Environmental Catastrophe
Hornbeck, Richard - 2009
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/10012463044
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Small Farms, Externalities, and the Dust Bowl of the 1930's
Hansen, Zeynep K. - 2003
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/10012468639
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Dust to Feed, Dust to Grey : The Effect of In-Utero Exposure to the Dust Bowl on Old-Age Longevity
Noghanibehambari, Hamid; Fletcher, Jason - National Bureau of Economic Research - 2022
Intensive agriculture and deep plowing resulted in top-soil erosion and dust storms during the 1930s. These effects have been shown to affect agricultural income and land values that persisted for years. Given the growing literature on the relevance of in-utero and early-life exposures, it is...
Persistent link: https://www.econbiz.de/10013435093
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How do Humans Interact with Algorithms? Experimental Evidence from Health Insurance
Bundorf, Kate - 2019
Algorithms increasingly assist consumers in making their purchase decisions across a variety of markets; yet little is known about how humans interact with algorithmic advice. We examine how algorithmic, personalized information affects consumer choice among complex financial products using data...
Persistent link: https://www.econbiz.de/10012479925
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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/10012453471
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The Role of Technological Change in Green Growth
Popp, David - 2012
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/10012460155
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Managing Intelligence : Skilled Experts and AI in Markets for Complex Products
Gruber, Jonathan - 2020
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/10012481995
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The value-added tax reform puzzle
Cai, Jing - 2011
"We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some … induce labor-saving growth. This experiment has since been extended to the rest of China"--National Bureau of Economic …
Persistent link: https://www.econbiz.de/10011395531
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The Demand for Medical Care in Urban China
Mocan, H. Naci - 2000
China. It uses a data set that consists of detailed characteristics of 6407 urban households, a continuous measure of health …
Persistent link: https://www.econbiz.de/10012471094
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Federalism with and without Political Centralization : China versus Russia
Blanchard, Olivier - 2000
In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … question then is why this has not happened in China. We argue that the answer lies in the degree of political centralization … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …
Persistent link: https://www.econbiz.de/10012471154