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Lucas Sage
Gianluca Manzo (ed.), October 2025
Ava Moser, Michael Gurven, Hillard Kaplan, Benjamin C. Trumble, Jonathan Stieglitz, Paul L. Hooper, Daniel Cummings, Adrian Jaeggi, and Kathelijne Koops
vol. 7, n. e37, October 2025, pp. 1–26
Sex-specific division of labour and the associated use of different subsistence techniques by males (e.g., hunting) and females (e.g., gathering) has played an important role in shaping human societies. Skills needed in adulthood are practiced in play during childhood and object play has been...
Sébastien Pouget, Daniel Brodback, Nadja Guenster, and Ruichen Wang
October 2025, 17 pages
We present an experimental study of investors’ willingness to pay for socially responsible assets. In our initial public offering experiment, various assets share identical financial risk-return profiles but differ in the intensity and timing of societal benefits, represented by charitable...
Bence Bago, Philippe Muller, and Jean-François Bonnefon
October 2025
Climate scepticism remains an important barrier to public engagement with accurate climate information, because sceptics often actively avoid information that contains climate science facts. There still lacks a scalable, repeatable intervention to boost sceptics’ engagement with climate information...
Shota Ichihashi, and Alex Smolin
vol. 153, October 2025, pp. 131–144
A monopoly seller is privately and imperfectly informed about the buyer's value of the product. A designer can provide the seller with additional information, which the seller uses to price discriminate the buyer. We demonstrate the difficulty of screening the seller's information: When the buyer's...
Andreea Enache, and Andrew Rhodes
vol. 256, n. 112635, October 2025
Many platforms use Price Parity Clauses (PPCs) to prevent sellers charging lower prices elsewhere. In a setting where PPCs affect platforms’ data acquisition, we show that buyers and sellers may benefit from PPCs when the market is young.
Jeffrey A. Friedman
This article analyzes more than 60,000 assessments of uncertainty made by national security officials from more than forty NATO allies and partners. The findings show that national security officials are overwhelmingly overconfident and that their judgments are especially prone to false positives....
David Martimort, and Wilfried Sand-Zantman
vol. 34, n. 3, October 2025, pp. 696–713
We analyze the effect of media mergers in a model that stresses, on the one hand, the fact that media are two-sided platforms willing to attract advertisers and viewers and, on the other hand, that strong competitors have emerged to challenge traditional media on both sides. We show that a merger...
Tiziano De Angelis, Fabien Gensbittel, and Stéphane Villeneuve
September 2025
We construct Nash equilibria in feedback form for a class of two-person stochastic games of singular control with absorption, arising from a stylized model for corporate finance. More precisely, the paper focusses on a strategic dynamic game in which two financially-constrained firms operate in the...
Tiziana Assenza, Alberto Cardaci, and D. Delli Gatti
vol. 20, n. 4, September 2025
Existing evidence suggests that individuals often misperceive the value of their wealth. We examine the existence, direction, and magnitude of these misperceptions through a laboratory experiment. Our findings indicate that variations in the leverage ratio (the ratio of liabilities to assets)...
