We introduce a model analyzing how asymmetric information problems in a bank-loan market may evolve over the age of a borrowing firm. The model predicts a life-cycle pattern for banks’ interest rate markup. Young firms ...

This paper models a game between an authority, seeking to implement its preferred morality, and a parental generation, seeking to socialize a younger generation into the their own morality. The authority chooses a coercion ...

On the basis of newly utilized data from one of the largest manual historical archives on wages and prices internationally and unpublished data from Statistics Norway this article offers new wage and price series for ...

The paper reports from an experiment studying how the aversion to lying is affected by non-economic dimensions of the choice situation. Specifically, we study whether people are more or less likely to lie when the content ...

Using a large, new dataset of agricultural prices and quantities for many countries and regions, we create five new international Geary-Khamis pounds – for 1870, 1845, 1775, 1705, and a superior chained series. We show ...

Almost all the literature on tax competition in the presence of multinationals (MNCs) ignores the combined effect of profit shifting and economic integration (i.e., a reduction in trade costs) on equilibrium capital ...

Is global competition for mobile capital harmful (less public goods) or beneficial (less government waste)? This paper combines both aspects within a generalized version of the comparative public finance model (Persson, ...

Parents with higher education levels have children with higher education levels. However, is this because parental education actually changes the outcomes of children, suggesting an important spillover of education ...

We conduct two surveys with preregistered experiments to examine gender differences in generative AI adoption and potential labor market consequences. First, we document a substantial gender gap in AI adoption among students ...