We examine whether supply-side capacity constraints contribute to the well documented “failure to refinance” among certain borrowers who would benefit financially from doing so. We find that, conditional on the potential financial benefits of refinancing, “marginal” borrowers (those with...

This paper investigates how exploited noise trading behavior is influenced by limited attention. As the daily price limit rules of the Chinese stock market provide a scenario for the exhibition of salient payoffs, speculators elevate prices to attract noise traders with salience preferences into...

How can information substitute or complement financial incentives such as Pigouvian subsidies? We answer this question in a large-scale field experiment that cross-randomizes energy efficiency subsidies with information about the financial savings of LED lighting. Information has two effects: It...

We consider households decision of whether to recycle within a theoretical framework that allows for the inclusion of social and moral motivations and analyze how unit pricing and mandatory recycling a⁄ect the equilibrium in terms of whether and, in the presence of heterogenous households, the...

This paper examines the causal impact of school availability on private tutoring. I use a novel IV strategy and exploit variation across counties in high school construction to separate out the effect of high school construction on private tutoring through changes in availability. I find that an...

In this study, we examine the effects of a discount as a direct price instrument and a nudge in the form of a communication strategy by shops on consumers' choice between reusable and disposable coffee cups in a neoliberal small open economy (Hong Kong). Our regression model comprises 223...

Many community organizations provide services similar to government programs, but there is limited evidence how increased government assistance affects the use of charitable services. We examine how greater access to federal nutritional aid through schoolwide free meal programs affects food bank...