Driving while intoxicated causes many traffic accidents and deaths. Two decisions are closely related, whether to engage in heavy drinking, and to drive, conditional on heavy drinking. This paper reviews the extensive literature on heavy drinking, addiction, and driving after heavy drinking....

Driving while intoxicated causes many traffic accidents and deaths. Two decisions are closely related, whether to engage in heavy drinking, and to drive, conditional on heavy drinking. This paper reviews the extensive literature on heavy drinking, addiction, and driving after heavy drinking....

This study quantifies the importance of private information, separates the extent to which the positive correlation between the accident probability and insurance coverage reflects adverse selection and moral hazard, and analyzes market segmentation on objective accident risk. We use data we...

This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on nearly 60,000 respondents, our data comprise the early...