The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs—what we define as “microfrictions.” We develop a theoretical framework to show how
We welcome the opportunity to respond to Jonathan Bonnitcha and Robert McCorquodale’s discussion of the 2011 United Nations Guiding Principles on Business and Human Rights (Guiding Principles).
This article reviews the design of environmental markets for pollution control over the past 30 years, and identifies key market-design lessons for future applications.
The past thirty years have seen a dramatic decline in the rate of income convergence across states and in population flows to high-income places.
Consumer search serves productive roles in an economy with multiple goods.
Many Americans live paycheck to paycheck, carry revolving credit balances, and have little liquidity to absorb financial shocks (Angeletos et al. 2001; Kaplan and Violante 2014).
The Paris Agreement has achieved one of two key necessary conditions for ultimate success – a broad base of participation among the countries of the world.
How do market prices adjust towards stability after a shock? Tracking individual stock prices following their dramatic shakeup after Donald Trump’s surprise election provides an answer.
This paper examines the critical role of gender in the commercialization of social ventures.
The United Nations Human Rights Council unanimously endorsed the Guiding Principles on Business and Human Rights (UNGPs) in June 2011.
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