The article examines the sanctions model of
principal-agent relations versus the selection model in which the
principal and the agent…
Consistent with mental accounting, we document that investors
sometimes choose the asset allocation for one account without…
Linking Tradable Permit Systems: A Key Element of Emerging International Climate Policy Architecture
This Article analyzes the role that
linkage between emission trading systems could play in a future
international climate policy…
Scholars, including urban poverty researchers, have not seriously debated the important issues that Loïc Wacquant raised in his…
Empirical research on cities starts with a spatial equilibrium condition: workers and firms are assumed to be indifferent across space.…
We show that individual investors over-extrapolate from their personal experience when making savings decisions. Investors who experience…
We evaluate why individuals invest in high-fee index funds. In our experiments, subjects each allocate $10,000 across four S&P 500…
We developed a “continual engagement” model to better integrate knowledge from policy makers, communities, and researchers with the goal of…
The notion of a “resource curse” has been most commonly applied in explaining why many countries apparently blessed with abundant reserves…