We implement a randomized controlled trial in a low-income context to investigate whether students in lower-secondary school acquire information about potential career paths more effectively if this information is preceded by a task that allows students to explore their own interests and if the...

We design optimal mechanism to collect revenues from nonrenewable resource exploitation, when the resource must be explored and discovered and when there is asymmetric information. The exploration effort may result in a discovery that is revealed only to the firm, and the effort is not observed...

Using internet search data, we examine how geographic proximity shapes individual investors' information acquisition behavior. Focusing on the Chinese stock market, we document a pronounced local bias in information demand: individual investors search more intensively for stocks of firms...