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War of the Waves: Radio and Resistance during World War II

By Stefano Gagliarducci, Massimiliano Gaetano Onorato, Francesco Sobbrio, and Guido Tabellini

òòò½Íø Journal: Applied Economics, October 2020

We analyze the role of the media in coordinating and mobilizing insurgency against an authoritarian regime, in the context of the Nazi-fascist occupation of Italy during WWII. We study the effect of BBC radio on the intensity of internal resistance. By ex...

Optimal Collateralized Contracts

By Dan Cao and Roger Lagunoff

òòò½Íø Journal: Microeconomics, November 2020

We examine the role of collateral in a dynamic model of optimal credit contracts in which a borrower values both housing and nonhousing consumption. The borrower's private information about his income is the only friction. An optimal contract is collatera...

Testable Implications of Models of Intertemporal Choice: Exponential Discounting and Its Generalizations

By Federico Echenique, Taisuke Imai, and Kota Saito

òòò½Íø Journal: Microeconomics, November 2020

We present revealed-preference characterizations of the most common models of intertemporal choice: the model of exponentially discounted concave utility, and some of its generalizations. Our characterizations take consumption data as primitives, and prov...

Hybrid All-Pay and Winner-Pay Contests

By Johan N. M. ³¢²¹²µ±ð°ù±ôö´Ú

òòò½Íø Journal: Microeconomics, November 2020

In many contests in economic and political life, both all-pay and winner-pay expenditures matter for winning. This paper studies such hybrid contests under symmetry and asymmetry. The symmetric model assumes very little structure but yields a simple close...

How Well Targeted Are Soda Taxes?

By Pierre Dubois, Rachel Griffith, and Martin O'Connell

òòò½Íø Review, November 2020

Soda taxes aim to reduce excessive sugar consumption. We assess who is most impacted by soda taxes. We estimate demand using micro longitudinal data covering on-the-go purchases, and exploit the panel dimension to estimate individual-specific preferences....