This article develops a socio-economic model that analyzes the doping decision of professional athletes. In their decision to use performance enhancing drugs athletes do not only evaluate the costs and benefits (in terms of potential rank improvement). They also take into account peer-group...

We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...

Climate policy options are usually elaborated scientifically by Integrated Assessment Models that combine the economic system, the energy system and the climate system in one comprehensive framework. Most of them follow a neo-classical economic paradigm and calculate cost-efficient technological...

The literature regarding the effects of environmental hazards on social preferences is mixed and partially contradictory. The lack of a baseline in these studies is a severe methodological constraint, as it is hard to identify heterogeneous treatment effects through experience in the recovery...

We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...