Income shocks increase religious giving because donors use charity as a form of spiritual insurance; the paper combines bank transaction data with a large field experiment.
When student ability is imperfectly observed, Immediate Acceptance can outperform Deferred Acceptance and can even implement the socially optimal allocation under a transparent …
Studies how IPO regulation can unintentionally facilitate collusion by enabling self-organized investor cartels in primary markets.
Examines how opinion leaders transmit both information and emotion in online investor communities, shaping attention and trading behavior.
Introduces a college-admissions mechanism with flexible seat allocation that is stable, strategy-proof, and welfare-improving relative to standard deferred acceptance.
Investors with paper losses may donate more rather than less, consistent with spiritual insurance rather than a standard wealth effect of financial markets.