How to Fix America’s Broken Air-Traffic Control System
Understaffed and underfunded, the United States’ air-traffic control system is close to its breaking point.
Research
Community influence on microfinance loan defaults under crisis conditions: Evidence from Indian demonetization
Research Summary The microfinance “group lending” approach has achieved widespread success in promoting high rates of repayment, and thus the viability of financial access, in very low-income environm
The Path to AI Arms Control
Today, as the world confronts the unique challenges posed by another unprecedented and in some ways even more terrifying technology—artificial intelligence—it is not surprising that many have been loo
China Wants to Run Your Internet
For the last two centuries, great powers—both nations and their associated firms—have fiercely competed to set the technical standards for leading technologies.
Do Ordeals Work for Selection Markets? Evidence from Health Insurance Auto-Enrollment
Are application hassles, or “ordeals,” an effective way to limit public program enrollment?
The New Economics of Industrial Policy
We discuss the considerable literature that has developed in recent years providing rigorous evidence on how industrial policies work.
Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy
This study examines the choice between subsidizing investment and subsidizing output to promote socially desirable production.
Adverse Selection and (un)Natural Monopoly in Insurance Markets
Adverse selection is a classic market failure known to limit or “unravel” trade in insurance markets and many other settings.
Behind schedule: The corporate effort to fulfill climate obligations
The 2015 Paris Agreement represented the first multilateral agreement to acknowledge and support efforts by so-called non-state actors, including corporations, to cut their greenhouse gas emissions.
Examining Business Reform Committees: Findings from a New Global Dataset
Reform committees (also known as reform councils) are institutional mechanisms or structures tasked with holding policy discussions pertaining to (and making specific recommendations on) regulatory is
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