Do households comprehend the nature of price tail-risks inherent to real-time electricity pricing plans? We develop a randomized and incentivized experiment calibrated to real-world price distributions and find that (a) probabilistic risk disclosure elicits greater demand for real-time pricing...

We propose a deterrence mechanism that utilizes insider information contained in criminal networks. Under this mechanism, a suspect, identified by the regulator, can nominate a connected person from the network for the crime, and only the more severe offender is penalized. We show theoretically...

This paper combines unique experimental and survey data to examine the determinants of self-selection into a training program. Women residing in selected disadvantaged areas in New Delhi, India were invited to apply for a six-month long subsidized training program in stitching and tailoring. A...