An anti-capitalist cultural bias, through directed within-family human capital transmission, adversely affects the supply of entrepreneurial talent and risk-taking. This limits economic progress if aggregate productivity is low. When productivity is high, economic incentives can overcome cultural inertia. Though the income level depends on culture, the growth rate in this case does not. JEL Cod...

We modify the vertically differentiated duopoly model by André et al. (2009) replacing Bertrand with Cournot behaviour to show that firms may spontaneously adopt a green technology even in the complete absence of any form of regulation. JEL codes: L13, L51, Q55, Q58

Several studies indicate that humans are overconfident about their own (relative) abilities. We propose a notion of pragmatic beliefs, and show through an example that this concept can shed light on why overconfidence emerges. Through the example, we also shed light on the idea that that ’bounded rationality’ may arise endogenously in a game without assuming complexity costs. JEL codes: B41, C7...

We unify the decomposition methodologies of Juhn, Murphy, and Pierce (1993) and Fields (1999) for differences in inequalities across countries/groups/times using earnings equations. We demonstrate the unified methodology in a study of changes in earnings inequality in America during the late 1990s. JEL codes: D30, J30

This paper documents the dynamic properties of national output, its components, and the current account for five OECD countries. There is strong evidence of conditional volatility for almost all time series as well as significant deviations from normality. The deviations are detected particularly in GDP, net exports, investment time series. JEL Codes:

This paper studies discounted stochastic games with perfect or imperfect public monitoring and the opportunity to conduct voluntary monetary transfers. We show that for all discount factors every public perfect equilibrium payoff can be implemented with a simple class of equilibria that have a stationary structure on the equilibrium path and optimal penal codes with a stick and carrot structure...

We analyze the coauthorship production of the AAEP Annual Meeting since 1964. We use social network analysis for creating coauthorship networks and given that any paper must be tagged with two JEL codes, we use this information for also structuring a thematic network. Then we calculate network metrics and find main actors and clusters for coauthors and topics. We distinguish a gender gap in the...

The paper describes the mitigating effect of self-help groups in India during and post covid-19 situation. study examines potential opportunities challenges concerning contextual differences across within countries. Self-help group has been important empowering its members by providing for livelihood support income generator played a very role situation as half SHG was involved community awaren...

India has been running large-scale interventions in the energy sector over the last decades. Still, there is a dearth of reliable and readily available price and income elasticities of demand to base these on, especially for domestic use of traditional fuels. This study uses the linear approximate almost ideal demand system (LA-AIDS) using micro data of more than 100,000 households sampled acro...

In repeated games with di®erential information on one side, the labelling \general case" refers to games in which the action of the informed player is not known to the uninformed, who can only observe a signal which is the random outcome of his and his opponent's action. Here we consider the problem of minimizing regret (in the sense ̄rst formulated by Hannan [8]) when the information available...