This study explores the long-run effects of a temporary scarcity of a consumption good on preferences towards that good once the shock is over. Specifically,
Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas emissions. This paper scrutinizes the assumptions in general equilibrium which underlie the…
This study explores the individual willingness to pay (WTP) for carbon removal through afforestation as a complementary climate change mitigation strategy. Using a framed-field experiment, we assess the impact…
This paper estimates the effect of heterogeneous university funding programs within the German Excellence Initiative on a regional firm’s probability to innovate by using a multi-valued two-way fixed effects…
When firms are forced to publicly disclose financial information, credit rating agencies are generally expected to improve their risk assessments. Theory predicts such an information quality effect but also…
