This paper investigates the costs and benefits of three ex ante flood management strategies - risk-based insurance, zoning, and subsidized insurance - in an urban economics framework that takes land scarcity into account. In a theoretical setting and in the absence of market failures, risk-based...

Deposit insurance is a widely adopted policy to promote financial stability in the banking sector. Deposit insurance helps ensure depositors' confidence in the financial system and prevents contagious bank runs, but it also comes with an unintended consequence of encouraging banks to take on...

Education conditional cash transfer programs may increase school attendance in part due to the information they transmit to parents about their child's attendance. This paper presents experimental evidence that the information content of an education conditional cash transfer program, when given...