Two decades ago, many people had drawn a lesson from the 1980s: Japan's variant of capitalism was the best model. Other countries around the world should and would follow it. Japan's admired institutions included relationship banking, keiretsu, bonus compensation for workers, lifetime...

Although there is considerable debate among economists as to the impact of financial sector development on economic growth, empirical evidence indicates a strong, direct link between the two. A recent comprehensive review of both the theory and research on this link between financial sector...

Online labor markets have great potential as platforms for conducting experiments, as they provide immediate access to a large and diverse subject pool and allow researchers to conduct randomized controlled trials. We argue that online experiments can be just as valid – both internally...

The role of bankruptcy law in credit markets has received renewed attention in the aftermath of the housing bubble collapse. The fundamental challenge for research on this topic is to separate the impact of legal factors from other features of the credit environment. We do so by exploiting...

In a world of imperfect information, reputations often guide the sequential decisions to trust and to reward trust. We consider two-player situations, where the players meet but once. One player – the truster – decides whether to trust, and the other player – the temptee...

Career stories of 50 female executives from major corporations and high-growth entrepreneurial ventures suggest two alternative accounts of how women legitimize their claims to top leadership positions: navigating and pioneering. In navigating accounts, the women legitimized their claims to top...

The two traditional ways of thinking about justice at the global level either limit the applicability of justice to states or else extend it to all human beings. The view I defend rejects both these approaches and instead recognizes different considerations or conditions based on which...

How accurate are people when predicting whether they will vote? These self-predictions are used by political scientists to proxy for political motivation, and by public opinion researcher to predict election outcomes. Phone surveys from three elections, including one survey experiment, are...

Interest in compressed air energy storage (CAES) technology has been renewed driven by the need to manage variability form rapidly growing wind and solar capacity. Distributed CAES (D-CAES) design aims to improve the efficiency of conventional CAES through locating the compressor near...

Solar engineering and other exceptionally ambitious new technologies to deal with the reality of rising global temperatures come riddled with uncertainties. To illustrate how complex the problem is and what kind of challenges lie ahead, here are three contrasting, and somewhat fantastical,...