Learning and Stochastic Dominance with Applications to Subjective Valuation of Options
(2025)
Journal Article
Lehrer, E., & Wang, T. (online). Learning and Stochastic Dominance with Applications to Subjective Valuation of Options. Economic Theory, https://doi.org/10.1007/s00199-025-01671-3
Outputs (1108)
Dynamics of Multi-Stage Screening (2025)
Journal Article
Lagziel, D., & Lehrer, E. (2025). Dynamics of Multi-Stage Screening. Economic Modelling, 151, Article 107204. https://doi.org/10.1016/j.econmod.2025.107204This study explores dynamic screening problems in which elements undergo noisy evaluations. Some elements are discarded at each stage, while the remainder are re-evaluated independently in subsequent stages. We demonstrate that, ceteris paribus, the... Read More about Dynamics of Multi-Stage Screening.
A spatial-based model of multiple discrete continuous demand for assessing recreational use of nature sites: A case study of Italian National Parks (2025)
Journal Article
Pellegrini, A., De Salvo, M., Signorello, G., & Scarpa, R. (online). A spatial-based model of multiple discrete continuous demand for assessing recreational use of nature sites: A case study of Italian National Parks. Journal of Environmental Planning and Management,This study proposes the use of a spatial-based travel cost model of multiple discrete/continuous demand to analyze recreational visits to five selected Italian National Parks. The proposed model has a spatial structure which allows us to capture pote... Read More about A spatial-based model of multiple discrete continuous demand for assessing recreational use of nature sites: A case study of Italian National Parks.
Measuring tastes for equity and aggregate wealth behind the veil of ignorance (2025)
Journal Article
Heufer, J., Shachat, J., & Xu, Y. (2025). Measuring tastes for equity and aggregate wealth behind the veil of ignorance. Games and Economic Behavior, 153, 209-232. https://doi.org/10.1016/j.geb.2025.06.005We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance while controlling for idiosyncratic risk preferences. We construct a battery of portfolio and wealth distribution choice pr... Read More about Measuring tastes for equity and aggregate wealth behind the veil of ignorance.
Bitcoins and Central Bank Digital Currency in a Simple Real Business Cycle Model (2025)
Journal Article
Basu, P. (online). Bitcoins and Central Bank Digital Currency in a Simple Real Business Cycle Model. South Asian Journal of Macroeconomics and Public Finance, https://doi.org/10.1177/22779787251338905This article examines the macroeconomic implications of central bank digital currencies (CBDCs) and private cryptocurrencies using a simple real business cycle model. The analysis explores how agents allocate their portfolios among fiat money, CBDCs... Read More about Bitcoins and Central Bank Digital Currency in a Simple Real Business Cycle Model.
No trade under verifiable information (2025)
Journal Article
Galanis, S. (2025). No trade under verifiable information. Games and Economic Behavior, 153, 1-9. https://doi.org/10.1016/j.geb.2025.05.007No trade theorems examine conditions under which agents cannot agree to disagree on the value of a security which pays according to some state of nature, thus preventing any mutual agreement to trade. A large literature has examined conditions which... Read More about No trade under verifiable information.
The effect of R&D co-location on innovation activities in Great Britain (2025)
Journal Article
Harris, R., & Moffat, J. (2025). The effect of R&D co-location on innovation activities in Great Britain. Regional Studies, 59(1), Article 2496416. https://doi.org/10.1080/00343404.2025.2496416This paper analyses the effect of R&D co-location on the extensive and intensive margins of innovative activities. To mitigate modifiable areal unit problems, measures of co- location are constructed using distances between plants. The results show t... Read More about The effect of R&D co-location on innovation activities in Great Britain.
A Taste for Variety (2025)
Journal Article
Ashkenazi-Golan, G., Karos, D., & Lehrer, E. (2025). A Taste for Variety. Games and Economic Behavior, 152, 396-422. https://doi.org/10.1016/j.geb.2025.05.003A decision maker repeatedly chooses one of a finite set of actions. In each period, the decision maker’s payoff depends on a fixed basic payoff of the chosen action and the frequency with which the action has been chosen in the past. We analyze optim... Read More about A Taste for Variety.
Non-parametric consumers’ heterogeneity estimates for sustainable food attributes: Evidence from three countries (2025)
Journal Article
Pellegrini, A., Scarpa, R., & Lombardi, G. V. (in press). Non-parametric consumers’ heterogeneity estimates for sustainable food attributes: Evidence from three countries. European Review of Agricultural Economics,
Resource Windfalls and Political Sabotage: Evidence from 5.2 Million Political Ads (2025)
Journal Article
Lagziel, D., Lehrer, E., & Raveh, O. (online). Resource Windfalls and Political Sabotage: Evidence from 5.2 Million Political Ads. American Journal of Agricultural Economics, https://doi.org/10.1111/ajae.12551We study the role of incentives in inducing sabotage in political contents, vis-à-vis natural resource windfalls. The latter induce plausibly exogenous increases in contests’ stakes, by extending opportunities for policy implementation or private gai... Read More about Resource Windfalls and Political Sabotage: Evidence from 5.2 Million Political Ads.