Capital controls and trade policy
Understanding and valuing human connections to deep-sea methane seeps off Costa Rica
Testing Models of Strategic Uncertainty: Equilibrium Selection in Repeated Games
Abstract: In repeated games, where both collusive and noncollusive outcomes can be supported as equilibria, it is crucial to understand the likelihood of selection for each type of equilibrium. Controlled experiments have empirically validated a selection criterion for the two-player repeated prisoner’s dilemma: the basin of attraction for always d...
Socioeconomic Disparities in Privatized Pollution Remediation: Evidence from Toxic Chemical Spills
Governments often privatize the administration of regulations to third-party specialists paid for by the regulated parties. We study how the resulting conflict of interest can have unintended consequences for the distributional impacts of regulation. In Massachusetts, the party responsible for hazardous waste contamination must hire a licensed cont...
Regulation and the demand for credit default swaps in experimental bond markets
Credit default swaps (CDS) played an important role in the financial crisis of 2008 leading to calls for regulation. Here, we seek to understand the impact of a CDS regulation that restricts the possibility to hold naked CDS. We use a controlled laboratory experiment analyzing CDS pricing in a bond market subject to default risk. Our results show t...
Robo advisors and access to wealth management
Patient-Centered Innovation
BackgroundInvolving patients in the health-care delivery innovation has many benefits. Open social innovation (OSI) presents a fitting lens to examine and advance patient engagement in innovation. OSI offers a participatory approach to innovation, in which diverse groups of participants collaboratively generate ideas and scale solutions on complex ...
COVID-19 Learning loss and recovery
A toolkit for setting and evaluating price floors
Search, unemployment, and the Beveridge curve: Experimental evidence
We report on a laboratory experiment testing the predictions of the Diamond–Mortensen–Pissarides (DMP) search-and-matching model, which is a workhorse, decentralized model of unemployment and the labor market. We focus on the job vacancy posting problem that firms face in the DMP model. We explore the model's comparative statics predictions concern...
