This paper shows that angel investor grants encourage new investors to enter the risk finance market, where they syndicate investments with other investors. We argue that this results from the high cost of…
We assess the impact of discrimination on Black individuals’ job networks across the U.S. using a two-stage field experiment with 400+ fictitious LinkedIn profiles. In the first stage, we vary race via…
Rapid technological developments in online markets fundamentally change the relationship between consumers and sellers. Online platforms can easily gather data about consumers’ search behavior, allowing for…
Climate change increasingly affects businesses in many ways. This paper analyses the link between the way and extent a firm faces economic consequences of climate change on the one hand, and the firm's…
German long-term health insurance (GLTHI) represents the largest market for private long-term health insurance contracts in the world. We show that GLTHI’s contract design coincides with the optimal dynamic…
Using data from the Internet Engineering Task Force, a vol- untary organization that develops protocols for managing Inter- net infrastructure, we estimate a dynamic discrete choice model of the decision to…
