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Ingela Alger, Laura Juarez, Miriam Juarez-Torres, and Josepa Miquel-Florensa

vol. 37, n. 2, May 2023, p. 205–220

This study presents evidence from a lab-in-the-field experiment, conducted in eight small, rural villages in Mexico, in which subjects choose to exert real effort to fund real health centers in their own and other localities. The results show that women are more willing than men to exert effort to...

Michele Bisceglia

vol. 71, n. 1, April 2023, pp. 1–46

Consider a three-tier industry with a monopolist supplying a manufacturer which sells its product to final consumers through two retailers. Contracts are linear and secret. Hence, upon receiving an out-of-equilibrium offer, each retailer must form a belief about the identity of the deviating...

Stefan Lamp

vol. 84, April 2023, p. 1179–1219

This paper tests for the presence of behavioral biases in household decisions to adopt solar photovoltaic installations using exogenous variation in weather. I find that residential technology uptake responds to exceptional weather, defined as deviations from the long-term mean, in line with the...

Viktor Stojkoski, Philipp Koch, and César Hidalgo

vol. 4, n. 130, April 2023

To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors. These are often captured by metrics of economic complexity derived from the geography of trade, thus missing key information on innovative activities. To bridge this gap, we...

Anne Briand, Arnaud Reynaud, Franck Viroleau, Vasileios Markantonis, and Giuliana Branciforti

vol. 28, April 2023, p. 259–272

We develop a dynamic computable general equilibrium (CGE) model to assess the macroeconomic impacts of water scarcity and water (in)security in South Africa. The CGE model which includes a detailed representation of water resources (surface water, groundwater, wastewater, and seawater) has been...

Laurent Miclo

vol. 27, April 2023, pp. 515 – 557

The random mapping construction of strong stationary times is applied here to finite Heisenberg random walks over ℤM, for odd M ⩾ 3. When they correspond to 3 × 3 matrices, the strong stationary times are of order M6, estimate which can be improved to M4 if we are only interested in the convergence...

Daniel F. Garrett, George Georgiadis, Alex Smolin, and Balazs Szentes

vol. 209, n. 105621, April 2023

This paper considers a moral hazard model with agent limited liability. Prior to interacting with the principal, the agent designs the production technology, which is a specification of his cost of generating each output distribution. After observing the production technology, the principal offers...

Georges Casamatta

vol. 138, n. 3, April 2023, pp. 195–219

We consider an infinite-horizon economy populated by two types of individuals, some individuals being more productive than others. Individuals live one period and are altruistic toward their children. Assuming that the allocation received by a given individual depends only on his type and the one...

Estelle Malavolti, and Augustin Lesgourgues

vol. 170, n. 103613, April 2023

We develop a schedule delay model using advanced econometrics techniques, while computing the social cost of passenger delays, in order to propose an alternative to the method of defining such cost that is actually found in the literature. This study has been made possible by obtaining private...

Jeffrey A. Friedman

vol. 75, n. 2, April 2023, pp. 280–315

This article explains how leaders can use foreign policy issues to shape their personal images. It argues, in particular, that presidents and presidential candidates can use hawkish foreign policies to craft valuable impressions of leadership strength. This dynamic can give leaders incentives to...