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Charlotte Cavaillé, Daniel L. Chen, and Karine Van Der Straeten

vol. 13, n. 2, April 2025, pp. 337–353

Rey Dang, L'hocine Houanti, Michel Simioni, and Jean-Michel Sahut

vol. 347, April 2025, p. 333–365

Due to a contrasting empirical literature, we revisit the influence of board gender diversity (BGD) on corporate social performance (CSP) by carefully considering the thorny issue of endogeneity, which plagues this matter. Building on stakeholder theory (Freeman, Freeman, R. E. (1984). Strategic...

Olivier De Groote

vol. 43, n. 2, April 2025

I investigate high school tracking policies using a dynamic discrete choice model of study programs and unobserved effort. I estimate the model using data from Flanders (Belgium) and perform an ex ante evaluation of a policy that encourages underperforming students to switch to less academically...

Daniel L. Chen, and Susan Yeh

vol. 107, n. 102799, March 2025

Do laws shape values? We explore this question by testing a model of law and norms within a legal realm − U.S. obscenity laws − where economic incentives are not the primary drivers of social change. Our randomized experiment had data entry workers transcribe news reports of either progressive or...

Lea Karbevska, and César Hidalgo

vol. 14, n. 21, March 2025

Laura Doval, and Alex Smolin

vol. 22, n. 2, March 2025, pp. 56–65

In this letter, we summarize our recent work on the welfare impact of recommendation algorithms and propose questions for further study. We model recommendation algorithms as an information structure, which shapes how a third party takes actions that affect the welfare of different individuals in a...

Christian Bontemps, Jean-Pierre Florens, and Nour Meddahi

vol. 248, March 2025

In this paper, we consider the problem of ecological inference when one observes the conditional distributions of Y|W and Z|W from aggregate data and attempts to infer the conditional distribution of Y|Z without observing Y and Z in the same sample. First, we show that this problem can be...

Luc Attia, Lyuben Lichev, Dieter Mitsche, Raimundo Saona, and Bruno Ziliotto

March 2025

Wei Lu, and Daniel L. Chen

vol. 20(3), n. e0318790., March 2025

This study explores politically motivated reasoning among U.S. Circuit Court judges over the past 120 years, examining their writing style and use of previous case citations in judicial opinions. Employing natural language processing and supervised machine learn- ing, we scrutinize how judges’...

Veronika Czellar, René Garcia, and François Le Grand

vol. 248, n. 105867, March 2025

We propose an asset pricing model featuring time-varying limited participation in both bond and stock markets and household heterogeneity. Households participate in financial markets with a certain probability that depends on their individual income and on asset market conditions. We use indirect...