The calibration theorem by Rabin (2000) implies that seemingly plausible smallstake choices under risk imply implausible large-stake risk aversion. This theorem is derived based on the expected…

This paper concerns optimal income taxation under asymmetric information in a two-type overlapping generations model, where people care about their relative consumption compared to others. The…

The link between institutional and market failures, rural poverty and environmental degradation suggests a ‘win-win’ policy intervention: relax local ‘constraints’ and achieve poverty alleviation and…

Graduate real estate education is offered in the United States in diverse settings and with a variety of approaches. The information provided on the websites of a selection of academic programs finds…

This research aims to find the determinants of participation on social organizations in Chile through a social capital approach, as well as to evaluate the existence of a positive effect between…

This paper presents an empirical analysis of the effects of high-density zoning on multifamily housing construction from 1990 to 2000 in the suburbs of six US metropolitan areas. Zoning constraints…

We study the economic performance of Benthic Resource Management Areas (BRMAs) in central-southern Chile. The analysis considers 26 managed areas with Agreements of Use declaring Chilean abalone…

Since 1930, areas of state-managed forest in the central Himalayas of India have increasingly been devolved to management by local communities. This article studies the long-run effects of the…

In contrast with what we perceive is the conventional wisdom about setting a second-best emissions tax to control a uniformly mixed pollutant under uncertainty, we demonstrate that setting a uniform…

The argument for promoting cash crops in developing countries has generally been based on their contribution to small farmer incomes and their impact on other household activities such as household…