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James K. Hammitt
vol. 34, n. 100639, 2026
Weighted benefit-cost analysis is receiving increased attention as a method to incorporate concerns about the distribution of policy effects across individuals. Weights are intended to reflect interpersonal differences in the effect of income on wellbeing (the marginal utility of income) and the...
Michel Le Breton, Paul Castañeda Dower, Gunes Gokmen, and Shlomo Weber
20262026, forthcoming
This paper examines the lasting impact of Cold War alignment on African economic development. To determine alignment and reduce the number of potential outcomes under consideration, we introduce a non-cooperative game of social interactions where each country chooses its bloc based on its...
Matteo Bobba, Veronica Frisancho, and Marco Pariguana
2026, forthcoming
This paper explores an information intervention designed and implemented within a school assignment mechanism in Mexico City. Through a randomized experiment, we show that providing a subset of applicants with feedback about their academic performance can enhance sorting by skill across high school...
Ashot Aleksian, and Stéphane Villeneuve
This paper investigates the exit-time problem for time-inhomogeneous diffusion processes. The focus is on the small-noise behavior of the exit time from a bounded positively invariant domain. We demonstrate that, when the drift and diffusion terms are uniformly close to some time-independent...
Philippe De Donder, Bertrand Achou, Franca Glenzer, Minjoon Lee, and Marie-Louise Leroux
2026
Juan Esteban Carranza, Maria Marta Ferreyra, and Ana Gazmuri
vol. 20, n. 2, 2026, forthcoming
Christian Hellwig, and Nicolas Werquin
Alexandre de Cornière, and Greg Taylor
Cyberattacks are a pervasive threat in the digital economy, with the potential to harm firms and their customers. Larger firms constitute more valuable targets to hackers, thereby creating negative network effects. These can be mitigated by investments in security, which play both a deterrent and a...
Céline Giner, Céline Nauges, and Katherine Hassett
Matti Liski, and François Salanié
