Category: Publications
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Hale co-authors article on the value of nature-based climate solutions
Professor Galina Hale co-authored “Financial value of nature: coastal housing markets, mangroves, and climate resilience” for the Review of Finance, which finds that homes in coastal Florida saw smaller price declines after storms when they were near mangrove forests versus homes that were farther from them. The magnitude of home-value declines following major hurricanes that…
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Friedman published three articles on mathematical models and behavioral economics
Distinguished Professor Emeritus Daniel Friedman co-published “Allocation among multiple selves” with Zeyu Liu and Simon Weidenholzer in Theory and Decision. It examines a mathematical model of individual decision-making with a Freudian flavor: a central executive system (“Ego”) allocates resources to a “Cold” (or superego) sub-self and an impulsive sub-self with different preferences (“Hot” or Id).…
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Friedman co-authors three articles on behavorial economics, information and pricing, and market performance
Distinguished Professor Emeritus Daniel Friedman co-authored the article “A model of multiple selves” with Zeyu Liu and Simon Weidenholzer, which is forthcoming in Theory and Decision. The paper proposes a theoretical model reminiscent of Freud’s Ego/Id/Superego, and finds some new behavioral consequences. He also co-authored “Information, Asset Price Volatility, and Liquidity,” Grace Weishi Gu and…
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Hale leads authoring of article on alternatives to animal-source foods in reaching climate goals
Professor Galina Hale was the lead author of the article “Pace of adoption of alternatives to animal-source foods is an important factor in reaching climate goals” in Scientific Reports. The article explores how animal agriculture accounts for a large share of food-system emissions, both directly and through the production of animal feed. Global population growth…
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(Reverse) Price Discrimination with Information Design, American Economic Journal: Microeconomics, May 2024
This article, co-authored by Dong Wei, examines how price and information discrimination impact seller/consumer markets.
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Market Access, Trade Costs, and Technology Adoption: Evidence from Northern Tanzania, The Review of Economics and Statistics, November 2024
This article, co-authored by Jonathan Robinson and Alan Spearot, uncovers how these variables impact travel costs for villages seeking to improve their agricultural productivity.
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Monitoring in Small Firms: Experimental Evidence from Kenyan Public Transit, American Economic Review, October 2024
This article, co-authored by David Schönholzer, focuses on how small firms struggle to grow, using evidence from a study of commuter minibuses in Kenya.
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Climate Risks and Foreign Direct Investment
Professor Galina Hale and Associate Professor Weishi Steadmon co-wrote this 2023 article in the Journal of International Economics, exploring how climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events and the implementation of climate-change mitigation policies. This paper explores whether multinational firms react to such risks by…
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Cleaner Waters and Urbanization
Assistant Professor Jeremy West published this 2023 research study in the Journal of Environmental Economics and Management, examining how water pollution changes in rural watersheds after Clean Water Act-sponsored projects are implemented. His study finds that projects significantly reducing surface water pollution increase local human population and residential development, as people choose to live in…
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The 0.0003 Percent: Short-run dynamics of extreme wealth in America
Professor Nirvikar Singh co-wrote this 2023 article in the Review of Income and Wealth, examining short-run dynamics and changing sources of wealth among the Forbes 400 annual list of wealthiest individuals in the United States, before and after the 2008–2009 financial crisis. He analyzes the interaction of the growth of wealth with education, age, and…