The management of natural commons is typically subject to threshold effects: past a certain agregate consumption level, the benefits of the commons will be lost for everybody. As dealing with the global climate illustrates, moreover, it is often impossible to locate an actual threshold with...

Allocating property rights on an open-access resource that has been freely exploited in the past is often problematic. In practice, involved agents typically rely on one of two competing principles to determine future allocation. The first principle, grandfathering, favors the status quo while...

Every year, riots cause a substantial number of fatalities in less-advanced countries. This paper explores the role of agricultural output shocks in explaining riots. Our theory predicts a negative relationship between the level of rioting and the deviation of the actual output from the average...

Using a randomized experiment in a public Swiss university, we study the impact of online live streaming of lectures on student achievement and attendance. We find that (i) students use the live streaming technology only punctually, apparently when random events make attending in class too...

The paper aims to highlight some of the most important implementation issues associated with the greening of global value chains with special attention given to how public policies and business strategies can support each other in meeting the challenge, particularly in developing countries. This...