Adverse selection is a classic market failure known to limit or “unravel” trade in insurance markets and many other settings. We show that…
This study examines the choice between subsidizing investment and subsidizing output to promote socially desirable production. We exploit a…
June 29, 2023, Opinion: "For decades, rich countries have urged developing countries to shift away from fossil fuels while failing to heed…
June 27, 2023, Video: "The pandemic was an immediate crisis. Now, as author and Harvard Business School professor Amy Edmondson said, we…
June 20, 2023, Paper: "India’s growth story depends on the vitality of its financial system. Within the span of five years, the Indian…
June 20, 2023, Opinion: "It’s become fashionable to think of artificial intelligence as an inherently dehumanizing technology, a ruthless…
June 2023, Paper: "We estimate the returns to IRS audits of taxpayers across the income distribution. We find an additional $1 spent…
June 15, 2023, Opinion: "The drum beat of artificial intelligence corporate chieftains calling for government regulation of their…
June 12, 2023, Opinion: "Despite living on a planet with finite resources, our economy remains largely linear and full of single-use…
The 2015 Paris Agreement represented the first multilateral agreement to acknowledge and support efforts by so-called non-state actors,…