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Geographical and environmental dependencies in multivariate count models: Recreation demand for Italian National Parks (2025)
Journal Article
Pellegrini, A., Scarpa, R., De Salvo, M., Giuffrida, L., & Signorello, G. (in press). Geographical and environmental dependencies in multivariate count models: Recreation demand for Italian National Parks. Environmental Economics and Policy Studies. https://link.springer.com/journal/10018

We propose an innovative spatial-based multivariate Generalized Poisson regression model to explain the number of outdoor recreation trips to protected areas. The innovation consists of capturing the impact of geographical and environmental similarit... Read More about Geographical and environmental dependencies in multivariate count models: Recreation demand for Italian National Parks.

Endogenous Tracking: Sorting and Peer Effects (2025)
Journal Article
Chernulich, A., Gauriot, R., & Min, D. (in press). Endogenous Tracking: Sorting and Peer Effects. American Economic Journal: Microeconomics. https://www.aeaweb.org/journals/mic

Can an educational system without ability tracking and signalling motive generate self-sorting of students by ability? We build a theoretical model to show that when seeking positive peer effects is combined with costly educational choices, even in t... Read More about Endogenous Tracking: Sorting and Peer Effects.

Adaptation in Target-based International Environmental Agreements (2025)
Journal Article
Breton, M., & Sbragia, L. (in press). Adaptation in Target-based International Environmental Agreements. Environmental and Resource Economics.

In this paper, we examine the impact of adaptive investments on international environmental agreements that, like the current Paris Agreement, have a bottom-up nature, with signatory countries committing to a common emission target (T-agreement). Fur... Read More about Adaptation in Target-based International Environmental Agreements.

Consumers’ heterogeneity estimates for sustainable food attributes: Evidence from three countries (2025)
Journal Article
Pellegrini, A., Scarpa, R., & Lombardi, G. V. (2025). Consumers’ heterogeneity estimates for sustainable food attributes: Evidence from three countries. European Review of Agricultural Economics. Advance online publication. https://doi.org/10.1093/erae/jbaf027

Semi-parametric estimates of willingness to pay (WTP) distributions for sustainable food attributes are retrieved from data from a stated choice experiment conducted in Germany, Italy and the UK. The focal product is würstel sausages (aka ‘bratwurst’... Read More about Consumers’ heterogeneity estimates for sustainable food attributes: Evidence from three countries.

Sovereign Default with Unobservable Physical Capital (2025)
Journal Article
Marsiliani, L., Renström, T., & Yaisawang, N. (2025). Sovereign Default with Unobservable Physical Capital. Theoretical Economics Letters, 15(5), 1162-1182. https://doi.org/10.4236/tel.2025.155064

We develop a model of sovereign default where borrowers’ physical capital is not observable by the lenders and therefore the bond price schedule does not depend on capital accumulation. Borrowers take decisions on consumption, investment in physical... Read More about Sovereign Default with Unobservable Physical Capital.

Markovian persuasion with stochastic revelations (2025)
Journal Article
Lehrer, E., & Shaiderman, D. (2025). Markovian persuasion with stochastic revelations. Games and Economic Behavior, 154, 411-439. https://doi.org/10.1016/j.geb.2025.09.014

This paper examines information transmission games where the sender knows the realizations of states from a Markov process, but his informational advantage is counteracted by outside, random revelations to the receiver. For very patient players, we c... Read More about Markovian persuasion with stochastic revelations.

Arbiter Assignment (2025)
Journal Article
Afacan, M. O., Anbarci, N., & Kibris, O. (2025). Arbiter Assignment. Social Choice and Welfare. Advance online publication. https://doi.org/10.1007/s00355-025-01627-5

In dispute resolution, arbitrator assignments are decentralized and also incorporate parties’ preferences, in total contrast to referee assignments in sports. We suggest that there can be gains (i) in dispute resolution from centralizing the allocati... Read More about Arbiter Assignment.

Structural Estimation of Higher Order Risk Preferences (2025)
Journal Article
Lau, M. I., & Yoo, H. I. (2025). Structural Estimation of Higher Order Risk Preferences. Econometrica, 93(5), 1855-1883. https://doi.org/10.3982/ECTA22260

Structural measures of higher order risk attitudes have well-developed foundations in Expected Utility Theory (EUT), but little is known about their empirical magnitudes. We introduce a novel experimental design and a companion econometric model tha... Read More about Structural Estimation of Higher Order Risk Preferences.

Revising Beliefs in Light of Unforeseen Events (2025)
Journal Article
Becker, C. K., Melkonyan, T., Proto, E., Sofianos, A., & Trautmann, S. T. (2025). Revising Beliefs in Light of Unforeseen Events. Journal of the European Economic Association. Advance online publication. https://doi.org/10.1093/jeea/jvaf038

Bayesian updating is the dominant theory of learning. However, the theory is silent about how individuals react to events that were previously unforeseen. We study how decision makers update their beliefs if unforeseen events materialize, and under w... Read More about Revising Beliefs in Light of Unforeseen Events.