The authors conducted the Leuthold free rider experiment in Israeli classrooms and found more significant free riding than that found by Leuthold. The authors address classroom differences that may account for these results.

PRELIMINARY AND INCOMPLETE

We develop a simple model of international trade with heterogeneous firms that is consistent with a number of stylized features of the data. In particular, the model predicts positive as well as zero trade flows across pairs of countries, and it allows the number of exporting firms to vary...

type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">Currency regimes</title> <p> This paper tackles two established puzzles in international macroeconomics literature. The first is the lack of systematic differences in the macroeconomic performance across exchange rate regimes. The second is the absence of a clear...</p>

This paper offers a rational approach to the economics and psychology of fear and provides empirical evidence that supports our theory. We explicitly consider both the impact of danger on emotions and the distortive effect of fear on subjective beliefs and individual choices. Yet, we also...

Public college graduates in many developing countries outperform graduates of private ones on the college exit exams. This has often been attributed to the cutting edge education provided in public colleges. However, public colleges are highly subsidized, suggesting that the private-public...

We develop a simple model of international trade with heterogeneous firms that is consistent with a number of stylized features of the data. In particular, the model predicts positive as well as zero trade flows across pairs of countries, and it allows the number of exporting firms to vary...