This article proposes a new class of rating scale models, which merges advantages and overcomes shortcomings of the traditional linear and ordered latent regression models. Both parametric and semi-parametric estimation is considered. The insights of an empirical application to satisfaction data...

In the past few years sustainability and sustainable development have become important concepts widespread over the world. There is no agreement on a common definition of sustainability, but there is a general need to measure and assess sustainability in different geographical and spatial...

The optimal functioning of centralized allocation systems is undermined by the presence of institutions operating off-platform - a feature common to virtually all real-world implementations. These off-platform options generate justified envy, as students may reject their centralized assignment...

In recent years, policy experiments using large microeconomic datasets have gained ground in macroeconomics. Imposing rational expectations, we examine robustness of evidence derived from ideal natural experiments applied to atomistic agents in dynamic settings. Paradoxically, once experimental...

The damage of the global coronavirus pandemic extends beyond the health and lives of people; it also shows up in the shuttering of stores, restaurants, salons, theaters, ballparks, and breweries ordered by many state governors. Americans are left sitting at home, waiting for a way out of the...

We consider a broad class of intertemporal economic problems and we characterize the short and long-run response of the demand for a good to a permanent increase in its market price.Depending on the interplay between self-productivity and time discounting, we show that dynamic substitution...

Care is central to the human experience and part of the social provisioning process. Adam Smith recognized this, associating care with sympathy. Later contributions in the political economy tradition also provide scope for an analysis of care, but none as developed as Smith's. With the emergence...

The US Constitution mandates that a decennial census take place in 2020. It is standard procedure for households that do not mail their response (or complete it online) to be surveyed in person by enumerators hired for this purpose. But the highly contagious SARS-Cov-2 (novel coronavirus) makes...

The task of this paper is to identify key conceptual limitations of prospective ethics review in the social sciences and humanities and discuss the implications of employing a positivist methodological toolkit in designing a governance framework for all research involving humans. This is...

Various markets ban or heavily restrict monetary transfers. This is often motivated by moral concerns. However, it appears to be disputable whether the observed restrictions on transfers are the appropriate market design answer to these concerns. Instead of exogenously restricting transfers on a...