Many natural resources involve threshold effects. Using these resources beyond a tipping point can have disastrous consequences for the environment and human well-being. Prominent examples are related to…

Academic institutions are an important component of the public agricultural research system in many countries. According to the "open science" model of research, these institutions produce new knowledge,…

While most economists believe that public scientific research fuels industry innovation and economic growth, systematic evidence supporting this relationship is surprisingly limited. In a recent study, Acemoglu…

Exchange rates are one of the most important prices in open economies. Despite their great importance for many enterprises, surprisingly little is known about the economic factors influencing the ups and downs…

Every year, secondary school graduates have to choose a university. This is a crucial decision for their future trajectories made under imperfect information. Therefore, quality indicators like university…