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Maximilian Müller, Joan Hamory, Jennifer Johnson-Hanks et Edward Miguel
vol. 76, n° 2, juillet 2022, p. 169–189
Fertility preferences have long played a key role in models of fertility differentials and change. We examine the stability of preferences over time using rich panel data on Kenyan women's fertility desires, expectations, actual fertility, and recall of desires in three waves over a nine-year...
Koen Jochmans
vol. 117, n° 538, juillet 2022, p. 887–896
We consider inference in linear regression models that is robust to heteroskedasticity and the presence of many control variables. When the number of control variables increases at the same rate as the sample size the usual heteroskedasticity-robust estimators of the covariance matrix are...
Johannes Hörner, Nicolas Klein et Sven Rady
vol. 89, n° 4, juillet 2022, p. 1948–1992
This article considers a class of experimentation games with Lévy bandits encompassing those of Bolton and Harris (1999, Econometrica, 67, 349–374) and Keller, Rady, and Cripps (2005, Econometrica, 73, 39–68). Its main result is that efficient (perfect Bayesian) equilibria exist whenever players’...
James K. Hammitt
vol. 84, n° 102643, juillet 2022
The social value of decreasing health risks can be evaluated using benefit-cost analysis (BCA), cost-effectiveness analysis (CEA), or a social-welfare function (SWF). These frameworks can produce different social preference rankings of interventions depending on how their health effects and costs...
Daniel Herrera-Araujo, Christoph Rheinberger et James K. Hammitt
vol. 84, n° 102627, juillet 2022
Many stated-preference studies that seek to estimate the marginal willingness-to-pay (WTP) for reductions in mortality or morbidity risk suffer from inadequate scope sensitivity. One possible reason is that the risk reductions presented to respondents are too small to be meaningful. Survey...
Takuro Yamashita et Alex Smolin
juillet 2022, p. 870
We study information design in games with a continuum of actions such that the payoff of each player is concave in his action. A designer chooses an information structure--a joint distribution of a state and a private signal of each player. The information structure induces a Bayesian game and is...
Manvir Singh et Zachary Garfield
vol. 6, n° 571, juillet 2022, p. 930–940
Researchers argue that third parties help sustain human cooperation, yet how they contribute remains unclear, especially in small-scale, politically decentralized societies. Studying justice among Mentawai horticulturalists in Indonesia, we examined evidence for punishment and mediation by third...
Jose Aurazo et Farid Gasmi
n° 22-1349, juillet 2022
Considered as a cornerstone of development, financial inclusion has become a universal goal, in particular for developing countries that happen to be characterized by a high degree of labor informality. Our aim in this paper is twofold. First, we study how labor informality affects financial...
n° 22-1348, juillet 2022
This paper proposes a solution to the problem of the self-selection of peers in the linear-in-means model. We do not require to specify a model for how the selection of peers comes about. Rather, we exploit two restrictions that are inherent in many such specifications to construct conditional...
Jeffrey A. Friedman
vol. 98, n° 4, 5 juillet 2022, p. 1289–1305
International Relations scholars frequently warn that the American political system has become too fractured to sustain a coherent grand strategy. This perception generally rests on two premises: that President Donald Trump led an unprecedented assault on established principles of US foreign policy...
