Russia’s impressive growth record since 2000 is driven largely by high world oil prices (Desai, 2006). This rapid growth, however, may be a “flash in the pan†because high oil prices enable the Russian government to engage in rent-seeking and to postpone deep restructuring (Berglöf,...

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We report results from an experiment that explores the empirical validity of correlated equilibrium, an important generalization of the Nash equilibrium concept. Specifically, we seek to understand the conditions under which subjects will condition their behavior on private, third-party...

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Recent empirical work on peer effects has primarily focused on identification. However, little is known about the extent to which social and education policy can mitigate the negative spillovers caused by disruptive children. This paper examines two such policies. First, we examine whether...