This paper reviews the evidence on the importance of human capital for macro-economic development. Through the lens of a simple aggregate production function, human capital might increase output per capita by directly entering in the production process, incentivising the accumulation of...

We propose an approach to extend the standard framework of dynamic games to deal with multi-product firms. Our approach applies to industries with a large number of products offered by a small number of firms.

Results from international standardized tests show large cross-country differences in students' performances. Where do these gaps come from? This paper argues that differences in cultural environments and parental inputs may be of great importance. We show that the school performance of...

The contribution of online reputation - customarily hosted by third-party digital platforms - to a firm's competitive advantage is yet to be measured and characterized. Because this quality signal is driven by the crowd, questions arise about the characteristics necessary for other consumers to...