Experimentation is the main engine of innovation. It often involves separation of tasks and information asymmetry. We model a repeated setting where a principal chooses a project in each period. While evaluating to implement the project, an agent privately learns the project state and...

Amid growing pressures to comply with ESG standards, firms increasingly disclose their ESG targets. However, given the difficulty in verifiability, it is unclear whether this public commitment to ESG goals signals firms’ sincere intention to improve ESG practice or is only cheap talk. In this...

Purpose The purpose of this study is twofold: first is to examine the nonlinear relationship between tourism development and housing prices, and secondly, the role of economic growth in facilitating the materialization of tourism development and housing prices nexus in G7 countries....