We investigate the role of evidence-based information in shaping individuals' preferences for trade policies through a … influences trade policy preferences in complex ways. Information highlighting the link between trade and manufacturing job losses … significantly raises expressed preferences for more limits on trade. Strikingly, information on the price benefits of trade (or the …

We study an economy subject to recurrent disasters when agents have imprecise information about the frequency and … duration of the disasters. Uncertainty about the persistence of states can lead to seemingly pessimistic behavior in bad times … and optimistic behavior in good times. In a disaster, uncertainty about duration acts as an amplification mechanism …

green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air … pollution that lead to fluctuations in subsidy allocations: Firms in cities where weather-driven subsidy uncertainty is high … focused on environmental technologies are more affected. The results suggest that policy uncertainty may originate not only …

Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers … can acquire specific information about productivity lotteries at the firm or general information affecting their … probabilistic beliefs about work elsewhere. Enterprises can acquire specific information concerning the productivity of a particular …

role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical … and identify the income process or the information set of the individuals. Second, one can assume that the income process … or the amount of information that consumers have are known and tests the implications of the theory. In general there is …

obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in … weapon stocks can have a non-monotonic effect on the sustainability of peace. We also show that under strategic risk …

In this paper, we empirically assess the causal links between trade and individual income risk and study the role that … and the linkage between trade and risk: While, on average, individuals with higher levels of industry- or occupation … evidence of any interaction between risk, industry trade exposure, and occupation-specific human capital …

execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between …Transaction costs in trading involve both risk and return. The return is associated with the cost of immediate … risk and return in optimal execution should reflect the same risk preferences as in ordinary investment. The paper develops …

. Equilibrium price dispersion is derived in a setting with costly capacity and demand uncertainty where different fares can be … uncertainty on fares, we also obtain evidence of second degree price discrimination in the form of advance-purchase discounts …

model of risk-selection in such settings. Capitation incentivizes insurers to retain low-cost clients and thus improve their …