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Christian Gollier

vol. 128, n. 103062, November 2024

Any global temperature target must be translated into an intertemporal carbon budget and its associated cost-efficient carbon price schedule. Under the Hotelling’s rule without uncertainty, the growth rate of this price should be equal to the interest rate. It is therefore a puzzle that many cost-...

Emmanuelle Auriol, Camille Landais, and Nina Roussille

n. 83, November 2024

Julien Lie-Panis, Léo Fitouchi, Nicolas Baumard, and Jean-Baptiste André

vol. 121(51), n. e2408802121, November 2024

Institutions allow cooperation to persist when reciprocity and reputation provide insufficient incentives. Yet how they do so remains unclear, especially given that institutions are themselves a form of cooperation. To solve this puzzle, we develop a mathematical model of reputation-based...

Daniel L. Chen

vol. 77, n. 4, November 2024, pp. 1004–1025

Sultan Mehmood, Shaheen Naseer, and Daniel L. Chen

vol. 121, n. e2406034121, November 2024

We provide experimental evidence that role models can galvanize prosocial actions amid global crises, exemplified by the COVID-19 pandemic. In a randomized control trial comparing role models, cash incentives, and celebrity endorsements, only role models successfully mitigated vaccine reluctance...

Maxime Derex, Pierce Edmiston, Gary Lupyan, and Alex Mesoudi

vol. 48, n. e2322886121, November 2024

Although the theoretical foundations of the modern field of cultural evolution have been in place for over 50 y, laboratory experiments specifically designed to test cultural evolutionary theory have only existed for the last two decades. Here, we review the main experimental designs used in the...

Marc Ivaldi, and Connie Lee

Randolph Tritell, Daniel Crane, and Damien Gerard (eds.), chapter 5, November 2024, pp. 567–570

Randolph Tritell, Daniel Crane, and Damien Gerard (eds.)

November 2024, 870 pages

Patrick Fève, and Alban Moura

vol. 168, n. 105000, November 2024

This paper establishes that frictionless, rational-expectations models driven by specific ARMA(2,1) processes can produce equilibrium asset-price momentum, defined as persistent movements in asset-price changes. To demonstrate this, we first document that AR(2) models adequately capture the...

Jonathan Stieglitz

vol. 10, n. 45, November 2024

Human foragers avoid noncommunicable diseases that are leading causes of mortality, partly because physically active lifestyles promote healthy aging. High activity levels also promote tissue damage accumulation from wear-and-tear, increase risk of injury and disability which compromise...