People often forget and sometimes fantasize. This paper reports a large-scale experiment on memory errors and their relation to preferential traits including time preference, attitudes toward risk and ambiguity, and psychological characteristics such as anticipatory feelings. We observe...

This paper investigates the geographic concentration of water pollution. Chinese firm-level data shows that water pollution emissions are unevenly distributed across regions. Using China’s accession to the World Trade Organization as the exogenous shock, we identify a negative causal effect of...

This paper provides an economic rationale for overachieving behavior in non-professional activities in the labour market. The intrinsically motivated worker uses his achievement in the non-professional activity to signal his work ethic. When the worker‘s career concern is weak, he exerts no...

The paper points out a potential gap between intertemporal choices and time preference: The observed intertemporal decisions could be partly driven by a biased perception of time, and thus may not completely reveal the actual time preference. To test this conjecture, we explore the relationship...

This paper studies the effect of trade policy uncertainty on firm-level volatility. Using data on exporting firms from China around its WTO accession, we find that a reduction of trade policy uncertainty between China and the US decreases the volatility of firm-level export to the US and...