This paper develops a two-country, dynamic general equilibrium model with innovation contests to study the impact of … globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through … stochastic and sequential global innovation contests in which challengers devote resources to R&D to discover new products while …

This paper proposes a simple framework to model contextual influences on procedural decision making. In terms of …

feature of economic globalization. What determines the patterns of the internationalization of NGO campaigns? Stylized facts … internationalization of production, falling trade costs boost the internationalization of NGO campaigns. We use our data to estimate the …

Firm-to-firm relationships in global value chains create opportunities for North-South technology diffusion. This paper … studies technology transfer in value chains when contracts are incomplete and input production technologies are imperfectly … imitation of its supplier’s technology. In inclusive value chains, where imitation is beneficial, the headquarters firm promotes …

This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups …

Human decision-making differs due to variation in both incentives and available information. This generates substantial … challenges for the evaluation of whether and how machine learning predictions can improve decision outcomes. We propose a … decision maker payoff functions and predictive skill. We apply our framework to the major health policy problem of improving …

This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …

Two non-transitive theories to model decision making under risk are regret theory (Loomes and Sugden, 1982, 1987) and … salience theory (Bordalo, Gennaioli, and Shleifer, 2012). While the psychological underpinning of these two approaches is … of choice behavior. We investigate the overlap between these theories and show that original regret theory (Loomes and …