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Nicola Gennaioli

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Financial Innovation and Financial Fragility," Working Papers 2010.114, Fondazione Eni Enrico Mattei.

    Mentioned in:

    1. The Regulatory Counterintelligence Agency
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-03-14 16:34:13

    Mentioned in:

    1. Impacto de la tarifa de interconexión en la penetración de telefonía movil
      by Alexander Elbittar in Foco Económico on 2017-04-25 02:40:56
    2. The Consequences of Ideology
      by Matthew Kahn in Environmental and Urban Economics on 2014-08-13 20:18:00
    3. Moral Hazard and NBA Player Effort Before and After They Sign Long Term Contracts
      by Matthew Kahn in Environmental and Urban Economics on 2017-01-06 22:14:00
    4. Voluntary Restraint in the Age of President Trump
      by Matthew Kahn in Environmental and Urban Economics on 2017-04-03 07:53:00
    5. Announcing the Formation of Climate Economics: A New Climate Resilience Consulting Firm
      by Matthew E. Kahn in Environmental and Urban Economics on 2020-10-08 18:28:00

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Nicola Gennaioli & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2013. "Human Capital and Regional Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(1), pages 105-164.

    Mentioned in:

    1. Human Capital and Regional Development (QJE 2013) in ReplicationWiki ()

Working papers

  1. Nicola Gennaioli & Marta Leva & Raphael Schoenle & Andrei Shleifer, 2024. "How Inflation Expectations De-Anchor: The Role of Selective Memory Cues," NBER Working Papers 32633, National Bureau of Economic Research, Inc.

    Cited by:

    1. García-Lembergman, Ezequiel & Hajdini, Ina & Leer, John & Pedemonte, Mathieu & Schoenle, Raphael, 2024. "The Expectations of Others," IDB Publications (Working Papers) 13787, Inter-American Development Bank.

  2. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2022. "Overreaction and Diagnostic Expectations in Macroeconomics," NBER Working Papers 30356, National Bureau of Economic Research, Inc.

    Cited by:

    1. Francesco Bianchi & Cosmin L. Ilut & Hikaru Saijo, 2024. "Smooth Diagnostic Expectations," NBER Working Papers 32152, National Bureau of Economic Research, Inc.
    2. Jean-Paul L’Huillier & Sanjay R. Singh & Donghoon Yoo, 2023. "Incorporating Diagnostic Expectations into the New Keynesian Framework," Working Paper Series 2023-19, Federal Reserve Bank of San Francisco.
    3. Fofana, Salomé & Patzelt, Paula & Reis, Ricardo, 2024. "Household Disagreement about Expected Inflation," CEPR Discussion Papers 18956, C.E.P.R. Discussion Papers.
    4. Caio Machado, 2023. "Managing Overreaction During a Run," Documentos de Trabajo 574, Instituto de Economia. Pontificia Universidad Católica de Chile..
    5. Campiglio, Emanuele & Lamperti, Francesco & Terranova, Roberta, 2024. "Believe me when I say green! Heterogeneous expectations and climate policy uncertainty," LSE Research Online Documents on Economics 124234, London School of Economics and Political Science, LSE Library.
    6. Niemann, Stefan & Prein, Timm, 2024. "Sovereign Risk under Diagnostic Expectations," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302386, Verein für Socialpolitik / German Economic Association.
    7. Jason Brown & Nida Çakır Melek & Johannes Matschke & Sai Sattiraju, 2023. "The Missing Tail Risk in Option Prices," Research Working Paper RWP 23-02, Federal Reserve Bank of Kansas City.
    8. Konstantin von Beringe & Mark Whitmeyer, 2024. "The Perils of Overreaction," Papers 2405.08087, arXiv.org.
    9. Matteo Bizzarri & Daniele d'Arienzo, 2024. "The social value of overreaction to information," Papers 2403.08532, arXiv.org.
    10. Monique Reid & Pierre Siklos, 2023. "Rationality and biases insights from disaggregated firm level inflation expectations data," Working Papers 11050, South African Reserve Bank.
    11. Agrrawal, Pankaj & Agarwal, Rajat, 2023. "A Longer-Term evaluation of Information releases by Influential market Agents and the Semi-strong market Efficiency," EconStor Preprints 273555, ZBW - Leibniz Information Centre for Economics.
    12. Liwen Wang & Weixue Lu & Xirui Chen, 2024. "Sustainable Update Investment Strategy Under Overreaction Based on Hidden Markov Models: A Case Study of Chinese Low-Carbon Policies," Sustainability, MDPI, vol. 16(23), pages 1-22, November.
    13. Ethan Struby & Christina Farhart, 2024. "Inflation Expectations and Political Polarization: Evidence from the Cooperative Election Study," Working Papers 2024-01, Carleton College, Department of Economics.

  3. Pedro Bordalo & Giovanni Burro & Katherine B. Coffman & Nicola Gennaioli & Andrei Shleifer, 2022. "Imagining the Future: Memory, Simulation and Beliefs about Covid," NBER Working Papers 30353, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ina Hajdini & Edward S. Knotek & John Leer & Mathieu Pedemonte & Robert W. Rich & Raphael Schoenle, 2022. "Indirect Consumer Inflation Expectations: Theory and Evidence," Working Papers 22-35, Federal Reserve Bank of Cleveland.
    2. Alberto Prati & Charlotte Saucet, 2024. "The causal effect of a health treatment on beliefs, stated preferences and memories," Post-Print hal-04512861, HAL.
    3. Conti, G. & Giustinelli, P., 2023. "For Better or Worse? Subjective Expectations and Cost-Benefit Trade-Offs in Health Behavior: An application to lockdown compliance in the United Kingdom," Health, Econometrics and Data Group (HEDG) Working Papers 23/05, HEDG, c/o Department of Economics, University of York.
    4. Salle, Isabelle & Gorodnichenko, Yuriy & Coibion, Olivier, 2023. "Lifetime Memories of Inflation: Evidence from Surveys and the Lab," IZA Discussion Papers 16670, Institute of Labor Economics (IZA).
    5. Conti, Gabriella & Giustinelli, Pamela, 2023. "For Better or Worse? Subjective Expectations and Cost-Benefit Trade-Offs in Health Behavior," IZA Discussion Papers 16143, Institute of Labor Economics (IZA).
    6. Pedro Bordalo & John J. Conlon & Nicola Gennaioli & Spencer Yongwook Kwon & Andrei Shleifer, 2023. "How People Use Statistics," NBER Working Papers 31631, National Bureau of Economic Research, Inc.
      • Pedro Bordalo & John Conlon & Nicola Gennaioli & Spencer Kwon & Andrei Shleifer, 2023. "How People Use Statistics," Working Papers 699, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

  4. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer & Stephen J. Terry, 2021. "Real Credit Cycles," NBER Working Papers 28416, National Bureau of Economic Research, Inc.

    Cited by:

    1. Robin Greenwood & Samuel G. Hanson & Andrei Shleifer & Jakob Ahm Sørensen, 2022. "Predictable Financial Crises," Journal of Finance, American Finance Association, vol. 77(2), pages 863-921, April.
    2. Andrea Ajello & Nina Boyarchenko & François Gourio & Andrea Tambalotti, 2022. "Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms," Staff Reports 1002, Federal Reserve Bank of New York.
    3. Pablo Guerrón-Quintana & Alexey Khazanov & Molin Zhong, 2023. "Financial and Macroeconomic Data Through the Lens of a Nonlinear Dynamic Factor Model," Finance and Economics Discussion Series 2023-027, Board of Governors of the Federal Reserve System (U.S.).
    4. Pablo Pastory y Camarasa & Martien Lamers, 2023. "Do Actions Follow Words? How bank sentiment predicts credit growth," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 23/1073, Ghent University, Faculty of Economics and Business Administration.
    5. Barrero, Jose Maria, 2022. "The micro and macro of managerial beliefs," Journal of Financial Economics, Elsevier, vol. 143(2), pages 640-667.

  5. Pedro Bordalo & John J. Conlon & Nicola Gennaioli & Spencer Yongwook Kwon & Andrei Shleifer, 2021. "Memory and Probability," NBER Working Papers 29273, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jean-Paul L’Huillier & Sanjay R. Singh & Donghoon Yoo, 2023. "Incorporating Diagnostic Expectations into the New Keynesian Framework," Working Paper Series 2023-19, Federal Reserve Bank of San Francisco.
    2. Katherine Coffman & Maria Paola Ugalde Araya & Basit Zafar, 2024. "A (dynamic) investigation of stereotypes, belief‐updating, and behavior," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 957-983, July.
    3. Enke, Benjamin & Schwerter, Frederik & Zimmermann, Florian, 2024. "Associative memory, beliefs and market interactions," Journal of Financial Economics, Elsevier, vol. 157(C).
    4. Luca Braghieri, 2023. "Biased Decoding and the Foundations of Communication," CESifo Working Paper Series 10432, CESifo.
    5. Matteo Bizzarri & Daniele d'Arienzo, 2024. "The social value of overreaction to information," Papers 2403.08532, arXiv.org.
    6. Pedro Bordalo & John J. Conlon & Nicola Gennaioli & Spencer Yongwook Kwon & Andrei Shleifer, 2023. "How People Use Statistics," NBER Working Papers 31631, National Bureau of Economic Research, Inc.
      • Pedro Bordalo & John Conlon & Nicola Gennaioli & Spencer Kwon & Andrei Shleifer, 2023. "How People Use Statistics," Working Papers 699, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    7. Pierpaolo Battigalli & Nicolò Generoso, 2021. "Information Flows and Memory in Games," Working Papers 678, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    8. Pedro Gonzalez-Fernandez, 2024. "Belief Bias Identification," Papers 2404.09297, arXiv.org, revised Nov 2024.
    9. Benson, Alan & Lepage, Louis-Pierre, 2023. "Learning to Discriminate on the Job," Working Paper Series 10/2023, Stockholm University, Swedish Institute for Social Research.

  6. Nicola Gennaioli & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2020. "Trust and Insurance Contracts," NBER Working Papers 27189, National Bureau of Economic Research, Inc.

    Cited by:

    1. Peter John Robinson & W. J. Wouter Botzen, 2022. "Setting descriptive norm nudges to promote demand for insurance against increasing climate change risk," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(1), pages 27-49, January.
    2. Olivier Armantier & Jérôme Foncel & Nicolas Treich, 2023. "Insurance and portfolio decisions: Two sides of the same coin?," Post-Print hal-04062463, HAL.
    3. Abe Dunn & Joshua D. Gottlieb & Adam Hale Shapiro & Daniel J. Sonnenstuhl & Pietro Tebaldi, 2023. "A Denial a Day Keeps the Doctor Away," Working Paper Series 2023-03, Federal Reserve Bank of San Francisco.
    4. Martin Eling & Irina Gemmo & Danjela Guxha & Hato Schmeiser, 2024. "Big data, risk classification, and privacy in insurance markets," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 49(1), pages 75-126, March.
    5. Xudong An & Sadok El Ghoul & Omrane Guedhami & Ross Levine & Raluca Roman, 2023. "Social Capital and Mortgages," Working Papers 23-23, Federal Reserve Bank of Philadelphia.
    6. Tao Sun, 2021. "Societal trust, risk avoidance and corporate risk taking: evidence from the global insurance industry," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(4), pages 513-546, October.
    7. María Rubio-Misas, 2024. "Supervisory power and insurer financial stability: the role of institutional quality," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 49(4), pages 804-830, October.
    8. Limbach, Peter & Rau, P. Raghavendra & Schürmann, Henrik, 2023. "The decline of trust across the U.S. finance industry," Journal of Economic Behavior & Organization, Elsevier, vol. 213(C), pages 324-344.
    9. Francesco D'Acunto & Jin Xie & Jiaquan Yao, 2020. "Trust and Contracts: Empirical Evidence," CESifo Working Paper Series 8714, CESifo.

  7. Pedro Bordalo & Katherine B. Coffman & Nicola Gennaioli & Andrei Shleifer, 2020. "Older People are Less Pessimistic about the Health Risks of Covid-19," NBER Working Papers 27494, National Bureau of Economic Research, Inc.

    Cited by:

    1. Francesca Caselli & Mr. Francesco Grigoli & Mr. Damiano Sandri & Mr. Antonio Spilimbergo, 2020. "Mobility under the COVID-19 Pandemic: Asymmetric Effects across Gender and Age," IMF Working Papers 2020/282, International Monetary Fund.
    2. Giovanni Immordino & Tullio Jappelli & Tommaso Oliviero & Alberto Zazzaro, 2021. "Fear of COVID-19 Contagion and Consumption: Evidence from a Survey of Italian Households," CSEF Working Papers 601, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    3. Shin KINOSHITA & Masayuki SATO & Takanori IDA, 2022. "Bayesian Probability Revision and Infection Prevention Behavior in Japan : A Quantitative Analysis of the First Wave of COVID-19," Discussion papers e-22-004, Graduate School of Economics , Kyoto University.
    4. Alexander Hodbod & Cars Hommes & Stefanie J. Huber & Isabelle Salle, 2021. "The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey," Staff Working Papers 21-57, Bank of Canada.
    5. Alex Rees-Jones & John D'Attoma & Amedeo Piolatto & Luca Salvadori, 2020. "COVID-19 Changed Tastes for Safety-Net Programs," NBER Working Papers 27865, National Bureau of Economic Research, Inc.
    6. Faia, Ester & Fuster, Andreas & Pezone, Vincenzo & Zafar, Basit, 2024. "Biases in information selection and processing: Survey evidence from the pandemic," Other publications TiSEM 6a968e65-aa7e-4929-bba2-e, Tilburg University, School of Economics and Management.
    7. Ferragina, Emanuele & Pasqualini, Marta & Ricchi, Ettore & Zola, Andrew, 2021. "Who cares about health and the economy through the Covid-19 pandemic? Longitudinally tracking changes and heterogeneity in people’s perceptions of risks," SocArXiv rv7e3, Center for Open Science.
    8. Pedro Bordalo & Giovanni Burro & Katherine B. Coffman & Nicola Gennaioli & Andrei Shleifer, 2022. "Imagining the Future: Memory, Simulation and Beliefs about Covid," NBER Working Papers 30353, National Bureau of Economic Research, Inc.
    9. Tsutomu Watanabe & Tomoyoshi Yabu, 2021. "Japan’s voluntary lockdown: further evidence based on age-specific mobile location data," The Japanese Economic Review, Springer, vol. 72(3), pages 333-370, July.
    10. Adriani, Fabrizio & Ladley, Dan, 2021. "Social distance, speed of containment and crowding in/out in a network model of contagion," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 597-625.
    11. Conti, G. & Giustinelli, P., 2023. "For Better or Worse? Subjective Expectations and Cost-Benefit Trade-Offs in Health Behavior: An application to lockdown compliance in the United Kingdom," Health, Econometrics and Data Group (HEDG) Working Papers 23/05, HEDG, c/o Department of Economics, University of York.
    12. Ori Heffetz & Guy Ishai, 2021. "Which Beliefs? Behavior-Predictive Beliefs are Inconsistent with Information-Based Beliefs: Evidence from COVID-19," NBER Working Papers 29452, National Bureau of Economic Research, Inc.
    13. Conti, Gabriella & Giustinelli, Pamela, 2023. "For Better or Worse? Subjective Expectations and Cost-Benefit Trade-Offs in Health Behavior," IZA Discussion Papers 16143, Institute of Labor Economics (IZA).
    14. Brea L Perry & Brian Aronson & Ashley F Railey & Christina Ludema, 2021. "If you build it, will they come? Social, economic, and psychological determinants of COVID-19 testing decisions," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-13, July.
    15. Krekel, Christian & Swanke, Sarah & De Neve, Jan-Emmanuel & Fancourt, Daisy, 2020. "Are Happier People More Compliant? Global Evidence From Three Large-Scale Surveys During Covid-19 Lockdowns," IZA Discussion Papers 13690, Institute of Labor Economics (IZA).
    16. de Leon, Fernanda L. Lopez & Malde, Bansi & McQuillin, Ben, 2023. "The effects of emergency government cash transfers on beliefs and behaviours during the COVID pandemic: Evidence from Brazil," Journal of Economic Behavior & Organization, Elsevier, vol. 208(C), pages 140-155.
    17. Tsutomu Watanabe & Tomoyoshi Yabu, 2021. "Japan’s Voluntary Lockdown: Further Evidence Based on Age-Specific Mobile Location Data," CARF F-Series CARF-F-508, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    18. Chris de Mena & Suvy Qin & Jing Zhang, 2023. "The Labor Market Impact of Covid-19 on Asian Americans," Working Paper Series WP 2023-10, Federal Reserve Bank of Chicago.
    19. Jan Krzysztof Solarz & Krzysztof Waliszewski, 2020. "Holistic Framework for COVID-19 Pandemic as Systemic Risk," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 340-351.
    20. Michèle Belot & Syngjoo Choi & Egon Tripodi & Eline van den Broek-Altenburg & Julian C. Jamison & Nicholas W. Papageorge, 2021. "Unequal consequences of Covid 19: representative evidence from six countries," Review of Economics of the Household, Springer, vol. 19(3), pages 769-783, September.
    21. Barili, Emilia & Grembi, Veronica & Rosso, Anna C., 2023. "Mental health between present issues and future expectations," Health Policy, Elsevier, vol. 128(C), pages 42-48.
    22. Stefanie Huber, 2022. "SHE canÕt afford it and HE doesnÕt want it: The gender gap in the COVID-19 consumption response," Tinbergen Institute Discussion Papers 22-029/II, Tinbergen Institute.
    23. M. Kate Bundorf & Jill DeMatteis & Grant Miller & Maria Polyakova & Jialu L. Streeter & Jonathan Wivagg, 2021. "Risk Perceptions and Protective Behaviors: Evidence from COVID-19 Pandemic," NBER Working Papers 28741, National Bureau of Economic Research, Inc.

  8. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2020. "Belief Overreaction and Stock Market Puzzles," NBER Working Papers 27283, National Bureau of Economic Research, Inc.

    Cited by:

    1. Böhl, Gregor & Hommes, Cars H., 2021. "Rational vs. irrational beliefs in a complex world," IMFS Working Paper Series 156, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    2. Kevin Benson & Ing-Haw Cheng & John Hull & Charles Martineau & Yoshio Nozawa & Vasily Strela & Yuntao Wu & Jun Yuan, 2024. "Understanding the Excess Bond Premium," Papers 2412.04063, arXiv.org.

  9. Nicola Gennaioli & Guido Tabellini, 2019. "Identity, Beliefs, and Political Conflict," CESifo Working Paper Series 7707, CESifo.

    Cited by:

    1. Guizzo Altube, Matías & Scartascini, Carlos, 2024. "Gender-Based Research and Interviewer Effects: Evidence for Latin America and the Caribbean," IDB Publications (Working Papers) 13475, Inter-American Development Bank.
    2. Monika Pompeo & Nina Serdarevic, 2021. "Is information enough? The case of Republicans and climate change," Discussion Papers 2021-08, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    3. Italo Colantone & Gianmarco I.P. Ottaviano & Piero Stanig, 2021. "The Backlash of Globalization," CESifo Working Paper Series 9289, CESifo.
    4. Eugen Dimant & Fabio Galeotti & Marie Claire Villeval, 2024. "Motivated information acquisition and social norm formation," Post-Print hal-04740082, HAL.
    5. Vanschoonbeek, Jakob, 2020. "Divided We Stad: a Fiscal Bargaining Model for Divided Countries," MPRA Paper 101863, University Library of Munich, Germany.
    6. Sergei Guriev & Elias Papaioannou, 2022. "The Political Economy of Populism," Journal of Economic Literature, American Economic Association, vol. 60(3), pages 753-832, September.
    7. Benjamin Enke & Ricardo Rodríguez-Padilla & Florian Zimmermann, 2023. "Moral Universalism and the Structure of Ideology," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(4), pages 1934-1962.
    8. Jeffrey V. Butler & Dietmar Fehr, 2021. "The Causal Effect of Cultural Identity on Cooperation," CESifo Working Paper Series 9032, CESifo.
    9. Axel Dreher & Sarah Langlotz & Johannes Matzat & Christopher Parsons, 2020. "Immigration, Political Ideologies, and the Polarization of American Politics," CESifo Working Paper Series 8789, CESifo.
    10. Vincenzo Galasso & Tomasso Nannicini & Debora Nozza, 2024. "We Need to Talk: Audio Surveys and Information Extraction," CESifo Working Paper Series 11530, CESifo.
    11. Dorn, David & Autor, David & Hanson, Gordon & Majlesi, Kaveh, 2016. "Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure," CEPR Discussion Papers 11511, C.E.P.R. Discussion Papers.
    12. Massimo Bordignon & Tommaso Colussi, 2020. "Dancing with the Populist. New Parties, Electoral Rules and Italian Municipal Elections," Working papers 98, Società Italiana di Economia Pubblica.
    13. Campo, Francesco & Giunti, Sara & Mendola, Mariapia, 2021. "The Refugee Crisis and Right-Wing Populism: Evidence from the Italian Dispersal Policy," IZA Discussion Papers 14084, Institute of Labor Economics (IZA).
    14. Fiaschi, Davide & Tealdi, Cristina, 2020. "Winners and Losers of Immigration," IZA Discussion Papers 13600, Institute of Labor Economics (IZA).
    15. Kai Barron & Anna Becker & Steffen Huck, 2024. "Motivated Political Reasoning: On the Emergence of Belief-Value Constellations," Rationality and Competition Discussion Paper Series 510, CRC TRR 190 Rationality and Competition.
    16. Nicola Fontana & Tommaso Nannicini & Guido Tabellini, 2017. "Historical Roots of Political Extremism: The Effects of Nazi Occupation of Italy," CESifo Working Paper Series 6838, CESifo.
    17. Peter Schwardmann & Egon Tripodi & Joël J. van der Weele, 2019. "Self-Persuasion: Evidence from Field Experiments at Two International Debating Competitions," CESifo Working Paper Series 7946, CESifo.
    18. Haas, Levi & Schenk-Hoppé, Klaus R., 2019. "International Trade: Smarten up to talk the talk," MPRA Paper 99096, University Library of Munich, Germany.
    19. Eugen Dimant, 2020. "Hate Trumps Love: The Impact of Political Polarization on Social Preferences," ECONtribute Discussion Papers Series 029, University of Bonn and University of Cologne, Germany.
    20. Amory Gethin & Clara Martínez-Toledano & Thomas Piketty, 2022. "Brahmin Left Versus Merchant Right: Changing Political Cleavages in 21 Western Democracies, 1948–2020," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(1), pages 1-48.
    21. Lustenhouwer, Joep & Makarewicz, Tomasz & Peña, Juan Carlos & Proaño Acosta, Christian, 2021. "Are some people more equal than others? Experimental evidence on group identity and income inequality," BERG Working Paper Series 168, Bamberg University, Bamberg Economic Research Group.
    22. Iacoella, Francesco & Justino, Patrica & Martorano, Bruni, 2020. "Roots of dissent: Trade liberalization and the rise of populism in Brazil," MERIT Working Papers 2020-043, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    23. Daniele, Gianmarco & Martinangeli, Andrea F. M. & Passarelli, Francesco & Sas, Willem & Windsteiger, Lisa, 2023. "Regulation, Expectations, and the Erosion of Trust," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277599, Verein für Socialpolitik / German Economic Association.
    24. Yuki, Kazuhiro, 2015. "Modernization, Social Identity, and Ethnic Conflict," MPRA Paper 67316, University Library of Munich, Germany.
    25. Eleonora Brandimarti & Giacomo De Giorgi & Jeremy Laurent-Lucchetti, 2024. "Credit and Voting," Papers 2407.06808, arXiv.org.
    26. Giuseppe Albanese & Guglielmo Barone & Guido de Blasio, 2019. "Populist Voting and Losers’ Discontent: Does Redistribution Matter?," "Marco Fanno" Working Papers 0239, Dipartimento di Scienze Economiche "Marco Fanno".
    27. Rusch, Hannes, 2023. "The logic of human intergroup conflict:," Research Memorandum 014, Maastricht University, Graduate School of Business and Economics (GSBE).
    28. Yuki, Kazuhiro, 2023. "Social Identity, Redistribution, and Development," MPRA Paper 115965, University Library of Munich, Germany.
    29. Shaun P. Hargreaves Heap & Emma Manifold & Konstantinos Matakos & Dimitrios Xefteris, 2022. "How does group identification affect redistribution in representative democracies? An Experiment," University of Cyprus Working Papers in Economics 02-2022, University of Cyprus Department of Economics.
    30. Monica Martinez-Bravo & Carlos Sanz, 2022. "The Management of the Pandemic and its Effects on Trust and Accountability," Working Papers wp2022_2207, CEMFI.
    31. Ekaterina Zhuravskaya & Maria Petrova & Ruben Enikolopov, 2020. "Political Effects of the Internet and Social Media," Annual Review of Economics, Annual Reviews, vol. 12(1), pages 415-438, August.
    32. Ilyana Kuziemko & Nicolas Longuet-Marx & Suresh Naidu, 2024. "“Compensate the Losers?†Economic Policy and Partisan Realignment in the US," Working Papers 321, Princeton University, Department of Economics, Center for Economic Policy Studies..
    33. Abramson, Boaz & Shayo, Moses, 2022. "International integration and social identity," Journal of International Economics, Elsevier, vol. 137(C).
    34. Tabellini, Marco & Fouka, Vasiliki & Mazumder, Soumyajit, 2020. "From Immigrants to Americans: Race and Assimilation during the Great Migration," CEPR Discussion Papers 14396, C.E.P.R. Discussion Papers.
    35. Alastair Langtry & Christian Ghinglino, 2023. "Status substitution and conspicuous consumption," Papers 2303.07008, arXiv.org, revised Dec 2024.
    36. Michael Kenny & Davide Luca, 2020. "Populism Amidst Prosperity:The urban-rural polarisation of political disenchantment: An investigation of social and political attitudes in 30 European countries," LEQS – LSE 'Europe in Question' Discussion Paper Series 161, European Institute, LSE.
    37. Dimant, Eugen & Galeotti, Fabio & Villeval, Marie Claire, 2024. "Motivated information acquisition and social norm formation," European Economic Review, Elsevier, vol. 167(C).
    38. Jansen, Benjamin & Stutzer, Alois, 2024. "Affective Partisan Polarization and Citizens' Attitudes and Behavior in Swiss Democracy," Working papers 2024/04, Faculty of Business and Economics - University of Basel.
    39. Matteo Bizzarri & Daniele d'Arienzo, 2024. "The social value of overreaction to information," Papers 2403.08532, arXiv.org.
    40. Elodie Douarin, 2021. "Institutional Change in Transition: An Evolving Research Agenda," Springer Books, in: Elodie Douarin & Oleh Havrylyshyn (ed.), The Palgrave Handbook of Comparative Economics, edition 1, chapter 17, pages 429-457, Springer.
    41. Jesper Akesson & Robert W. Hahn & Robert D. Metcalfe & Itzhak Rasooly, 2022. "Race and Redistribution in the United States: An Experimental Analysis," NBER Working Papers 30426, National Bureau of Economic Research, Inc.
    42. Monica Martinez‐Bravo & Carlos Sanz, 2025. "Trust and accountability in times of crisis," Economica, London School of Economics and Political Science, vol. 92(365), pages 230-258, January.
    43. Ghiglino,C. & Langtry, A., 2023. "Status Substitution and Conspicuous Consumption," Cambridge Working Papers in Economics 2324, Faculty of Economics, University of Cambridge.
    44. Daniele Pennesi, 2020. "Identity and information acquisition," Carlo Alberto Notebooks 610, Collegio Carlo Alberto, revised 2021.
    45. Bottasso, Anna & Cerruti, Gianluca & Conti, Maurizio & Santagata, Marta, 2024. "Sailing Through History: The Legacy of Medieval Sea Trade On Migrant Perception and Extreme Right Voting," IZA Discussion Papers 16996, Institute of Labor Economics (IZA).
    46. Gianmarco Daniele & Andrea F.M. Martinangeli & Francesco Passarelli & Willem Sas & Lisa Windsteiger, 2023. "Externalities and the Erosion of Trust," CESifo Working Paper Series 10474, CESifo.
    47. Snower, Dennis J. & Bosworth, Steven J., 2021. "Economic, social and political fragmentation: Linking knowledge-biased growth, identity, populism and protectionism," European Journal of Political Economy, Elsevier, vol. 67(C).
    48. Kim Leonie Kellermann, 2022. "Political inequality, political participation, and support for populist parties," Constitutional Political Economy, Springer, vol. 33(4), pages 461-482, December.
    49. Nidaazzi, Hamza & Hourmat Allah, Hind, 2023. "Le conservatisme culturel des entreprises familiales au Maroc : la pièce manquante du puzzle [Cultural conservatism in Moroccan family businesses: the missing piece of the puzzle]," MPRA Paper 118835, University Library of Munich, Germany.
    50. Ernesto Dal Bo & Frederico Finan & Olle Folke & Torsten Persson & Johanna Rickne, 2023. "Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(2), pages 675-706.
    51. Carlsson, Magnus & Dahl, Gordon B. & Rooth, Dan-Olof, 2021. "Backlash in policy attitudes after the election of an extreme political party," Journal of Public Economics, Elsevier, vol. 204(C).
    52. Francesco Campo & Sara Giunti & Mariapia Mendola, 2020. "The Political Impact of Refugee Migration: Evidence from the Italian Dispersal Policy," Working Papers 456, University of Milano-Bicocca, Department of Economics.
    53. Alice H. Wu, 2020. "Gender Bias among Professionals: An Identity-Based Interpretation," The Review of Economics and Statistics, MIT Press, vol. 102(5), pages 867-880, December.

  10. Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Frederik Schwerter & Andrei Shleifer, 2019. "Memory and Representativeness," NBER Working Papers 25692, National Bureau of Economic Research, Inc.

    Cited by:

    1. Benjamin Enke & Frederik Schwerter & Florian Zimmermann, 2020. "Associative Memory and Belief Formation," NBER Working Papers 26664, National Bureau of Economic Research, Inc.
    2. Pierpaolo Battigalli & Nicolò Generoso, 2021. "Information Flows and Memory in Games," Working Papers 678, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

  11. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2019. "Memory and Reference Prices: an Application to Rental Choice," NBER Working Papers 25650, National Bureau of Economic Research, Inc.

    Cited by:

    1. Giacoletti, Marco & Parsons, Christopher A., 2022. "Peak-Bust rental spreads," Journal of Financial Economics, Elsevier, vol. 143(1), pages 504-526.
    2. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Matthew OBrien & Andrei Shleifer, 2024. "Long-Term Expectations and Aggregate Fluctuations," NBER Macroeconomics Annual, University of Chicago Press, vol. 38(1), pages 311-347.
    3. Jonas Radbruch & Amelie Schiprowski, 2021. "Interview Sequences and the Formation of Subjective Assessments," CRC TR 224 Discussion Paper Series crctr224_2021_268v2, University of Bonn and University of Mannheim, Germany.
    4. Pierpaolo Battigalli & Nicolò Generoso, 2021. "Information Flows and Memory in Games," Working Papers 678, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    5. Xie, Erhao, 2021. "Empirical properties and identification of adaptive learning models in behavioral game theory," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 798-821.

  12. Perotti, Enrico & Gennaioli, Nicola & Ponzetto, Giacomo, 2019. "Legal Evolution, Contract Evolution, and Standardization," CEPR Discussion Papers 9836, C.E.P.R. Discussion Papers.

    Cited by:

    1. Giacomo A.M. Ponzetto & Nicola Gennaioli, 2015. "Optimally Vague Contracts and the Law," Working Papers 747, Barcelona School of Economics.
    2. Nicola Gennaioli & Giacomo A. M. Ponzetto, 2015. "Contract Innovation and Legal Evolution under Imperfect Enforcement," Working Papers 836, Barcelona School of Economics.

  13. Pedro Bordalo & Nicola Gennaioli & Yueran Ma & Andrei Shleifer, 2018. "Over-reaction in Macroeconomic Expectations," NBER Working Papers 24932, National Bureau of Economic Research, Inc.

    Cited by:

    1. Francesco Bianchi & Cosmin L. Ilut & Hikaru Saijo, 2024. "Smooth Diagnostic Expectations," NBER Working Papers 32152, National Bureau of Economic Research, Inc.
    2. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Zhengyang Jiang & Hanno Lustig & Stijn Van Nieuwerburgh & Mindy Z. Xiaolan, 2024. "What Drives Variation in the U.S. Debt‐to‐Output Ratio? The Dogs that Did not Bark," Journal of Finance, American Finance Association, vol. 79(4), pages 2603-2665, August.
    4. Alberto Prati & Charlotte Saucet, 2024. "The causal effect of a health treatment on beliefs, stated preferences and memories," Post-Print hal-04512861, HAL.
    5. Michael D. Bauer & Carolin Pflueger & Adi Sunderam, 2023. "Perceptions about Monetary Policy," Working Paper Series 2023-31, Federal Reserve Bank of San Francisco.
    6. Jonathan Benchimol & Makram El-Shagi & Yossi Saadon, 2020. "Do Expert Experience and Characteristics Affect Inflation Forecasts?," Bank of Israel Working Papers 2020.11, Bank of Israel.
    7. Jean-Paul L’Huillier & Sanjay R. Singh & Donghoon Yoo, 2023. "Incorporating Diagnostic Expectations into the New Keynesian Framework," Working Paper Series 2023-19, Federal Reserve Bank of San Francisco.
    8. Lansing, Kevin J. & LeRoy, Stephen F. & Ma, Jun, 2022. "Examining the sources of excess return predictability: Stochastic volatility or market inefficiency?," Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 50-72.
    9. Zhao, Yongchen, 2019. "Updates to household inflation expectations: Signal or noise?," Economics Letters, Elsevier, vol. 181(C), pages 95-98.
    10. An, Zidong & Liu, Dingqian & Wu, Yuzheng, 2021. "Expectation formation following pandemic events," Economics Letters, Elsevier, vol. 200(C).
    11. Metodij Hadzi‐Vaskov & Luca Antonio Ricci & Alejandro Mariano Werner & Rene Zamarripa, 2023. "What drives economic growth forecast revisions?," Review of International Economics, Wiley Blackwell, vol. 31(3), pages 1068-1092, August.
    12. Kenneth J. Singleton, 2021. "Presidential Address: How Much “Rationality” Is There in Bond‐Market Risk Premiums?," Journal of Finance, American Finance Association, vol. 76(4), pages 1611-1654, August.
    13. Bao, Te & Hommes, Cars & Pei, Jiaoying, 2021. "Expectation formation in finance and macroeconomics: A review of new experimental evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
    14. José-Elías Gallegos, 2024. "HANK beyond FIRE: Amplification, forward guidance, and belief shocks," Working Papers 2418, Banco de España.
    15. Sergeyev, Dmitriy & Gorodnichenko, Yuriy, 2021. "Zero Lower Bound on Inflation Expectations," CEPR Discussion Papers 16729, C.E.P.R. Discussion Papers.
    16. J. Daniel Aromí & Martín Llada, 2024. "Are professional forecasters inattentive to public discussions about inflation? The case of Argentina," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(7), pages 2572-2587, November.
    17. Olivier Coibion & Yuriy Gorodnichenko & Tiziano Ropele, 2019. "Inflation expectations and firms’ decisions: new causal evidence," Temi di discussione (Economic working papers) 1219, Bank of Italy, Economic Research and International Relations Area.
    18. Khandelwal, Vatsal, 2024. "Learning in networks with idiosyncratic agents," Games and Economic Behavior, Elsevier, vol. 144(C), pages 225-249.
    19. Francesco D’Acunto & Daniel Hoang & Maritta Paloviita & Michael Weber, 2019. "IQ, Expectations, and Choice," NBER Working Papers 25496, National Bureau of Economic Research, Inc.
    20. Zohar, Osnat, 2024. "Cyclicality of uncertainty and disagreement," Journal of Monetary Economics, Elsevier, vol. 143(C).
    21. Rupal Kamdar & Walker Ray, 2024. "Attention-Driven Sentiment and the Business Cycle," CAEPR Working Papers 2024-003 Classification-, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    22. CHEN Cheng & SENGA Tatsuro & SUN Chang & ZHANG Hongyong, 2018. "Uncertainty, Imperfect Information, and Expectation Formation over the Firm's Life Cycle," Discussion papers 18010, Research Institute of Economy, Trade and Industry (RIETI).
    23. Berardi, Michele, 2022. "Beliefs asymmetry and price stability in a cobweb model," Journal of Economic Behavior & Organization, Elsevier, vol. 203(C), pages 401-415.
    24. Baron, Matthew & Laeven, Luc & Pénasse, Julien & Usenko, Yevhenii, 2021. "Investing in crises," Working Paper Series 2548, European Central Bank.
    25. Born, Benjamin & Enders, Zeno & Müller, Gernot, 2023. "On FIRE, news, and expectations," CEPR Discussion Papers 18259, C.E.P.R. Discussion Papers.
      • Born, Benjamin & Enders, Zeno & Müller, Gernot J., 2023. "On FIRE, news, and expectations," Working Papers 42, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    26. Artūras Juodis & Simas Kučinskas, 2023. "Quantifying noise in survey expectations," Quantitative Economics, Econometric Society, vol. 14(2), pages 609-650, May.
    27. Chini, Emilio Zanetti, 2023. "Can we estimate macroforecasters’ mis-behavior?," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
    28. Leland E. Farmer & Lawrence Schmidt & Allan Timmermann, 2023. "Pockets of Predictability," Journal of Finance, American Finance Association, vol. 78(3), pages 1279-1341, June.
    29. Andrade, Philippe & Gautier, Erwan & Mengus, Eric, 2023. "What matters in households’ inflation expectations?," Journal of Monetary Economics, Elsevier, vol. 138(C), pages 50-68.
    30. Jacopo Bizzotto & Davide Cipullo & André Reslow, 2024. "Biased Forecasts and Voting: The Brexit Referendum Case," CESifo Working Paper Series 11221, CESifo.
    31. Jessica A. Wachter, 2020. "Comment on "Imperfect Expectations: Theory and Evidence"," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 87-98, National Bureau of Economic Research, Inc.
    32. Camous, Antoine & Van der Ghote, Alejandro, 2022. "Financial cycles under diagnostic beliefs," Working Paper Series 2659, European Central Bank.
    33. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2024. "Belief Overreaction and Stock Market Puzzles," Journal of Political Economy, University of Chicago Press, vol. 132(5), pages 1450-1484.
    34. Yang, Yanhua Sunny & Yung, Chris, 2024. "Do analysts distribute negative opinions earlier?," Journal of Financial Markets, Elsevier, vol. 67(C).
    35. Enke, Benjamin & Schwerter, Frederik & Zimmermann, Florian, 2024. "Associative memory, beliefs and market interactions," Journal of Financial Economics, Elsevier, vol. 157(C).
    36. Benjamin Beckers & Anthony Brassil, 2022. "Inflation Expectations in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 55(1), pages 125-135, March.
    37. Assenza, T. & Heemeijer, P. & Hommes, C.H. & Massaro, D., 2014. "Managing Self-organization of Expectations through Monetary Policy: a Macro Experiment," CeNDEF Working Papers 14-07, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    38. Tsuchiya, Yoichi, 2023. "Assessing the World Bank’s growth forecasts," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 64-84.
    39. Frache, Serafin & Lluberas, Rodrigo & Turen, Javier, 2024. "Belief-dependent pricing decisions," Economic Modelling, Elsevier, vol. 132(C).
    40. Andrew Filardo & Paul Hubert & Phurichai Rungcharoenkitkul, 2019. "The reaction function channel of monetary policy and the financial cycle," SciencePo Working papers Main hal-03403260, HAL.
    41. Bianchi-Vimercati, Riccardo & Eichenbaum, Martin & Guerreiro, Joao, 2024. "Fiscal stimulus with imperfect expectations: Spending vs. tax policy," Journal of Economic Theory, Elsevier, vol. 217(C).
    42. Kajal Lahiri & Yongchen Zhao, 2020. "The Nordhaus Test with Many Zeros," CESifo Working Paper Series 8350, CESifo.
    43. Petropoulos, Fotios & Apiletti, Daniele & Assimakopoulos, Vassilios & Babai, Mohamed Zied & Barrow, Devon K. & Ben Taieb, Souhaib & Bergmeir, Christoph & Bessa, Ricardo J. & Bijak, Jakub & Boylan, Joh, 2022. "Forecasting: theory and practice," International Journal of Forecasting, Elsevier, vol. 38(3), pages 705-871.
      • Fotios Petropoulos & Daniele Apiletti & Vassilios Assimakopoulos & Mohamed Zied Babai & Devon K. Barrow & Souhaib Ben Taieb & Christoph Bergmeir & Ricardo J. Bessa & Jakub Bijak & John E. Boylan & Jet, 2020. "Forecasting: theory and practice," Papers 2012.03854, arXiv.org, revised Jan 2022.
    44. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2021. "Superstar Returns," Working Papers hal-03881493, HAL.
    45. Zhao Han & Xiaohan Ma & Ruoyun Mao, 2023. "The Role of Dispersed Information in Inflation and Inflation Expectations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 72-106, April.
    46. Hagenhoff, Tim & Lustenhouwer, Joep, 2020. "The role of stickiness, extrapolation and past consensus forecasts in macroeconomic expectations," BERG Working Paper Series 163, Bamberg University, Bamberg Economic Research Group.
    47. Mototsugu Shintani & Kozo Ueda, 2021. "Identifying the Source of Information Rigidities in the Expectations Formation Process," CARF F-Series CARF-F-516, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    48. Nathan Goldstein & Ben‐Zion Zilberfarb, 2023. "The closer we get, the better we are?," Economic Inquiry, Western Economic Association International, vol. 61(2), pages 364-376, April.
    49. Jonathan Benchimol & Lahcen Bounader, 2018. "Optimal Monetary Policy Under Bounded Rationality," Globalization Institute Working Papers 336, Federal Reserve Bank of Dallas.
    50. Mangee, Nicholas, 2024. "Stock price swings and fundamentals: The role of Knightian uncertainty," International Review of Financial Analysis, Elsevier, vol. 91(C).
    51. Cars Hommes & Kostas Mavromatis & Tolga Özden & Mei Zhu, 2023. "Behavioral learning equilibria in New Keynesian models," Quantitative Economics, Econometric Society, vol. 14(4), pages 1401-1445, November.
    52. Bao, Te & Corgnet, Brice & Hanaki, Nobuyuki & Riyanto, Yohanes E. & Zhu, Jiahua, 2023. "Predicting the unpredictable: New experimental evidence on forecasting random walks," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    53. Karnaukh, Nina & Vokata, Petra, 2022. "Growth forecasts and news about monetary policy," Journal of Financial Economics, Elsevier, vol. 146(1), pages 55-70.
    54. Sydnee Caldwell & Scott Nelson & Daniel Waldinger, 2023. "Tax Refund Uncertainty: Evidence and Welfare Implications," American Economic Journal: Applied Economics, American Economic Association, vol. 15(2), pages 352-376, April.
    55. Ricardo J. Caballero & Alp Simsek, 2020. "Monetary Policy with Opinionated Markets," NBER Working Papers 27313, National Bureau of Economic Research, Inc.
    56. Niemann, Stefan & Prein, Timm, 2024. "Sovereign Risk under Diagnostic Expectations," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302386, Verein für Socialpolitik / German Economic Association.
    57. An, Zidong & Zheng, Xinye, 2023. "Diligent forecasters can make accurate predictions despite disagreeing with the consensus," Economic Modelling, Elsevier, vol. 125(C).
    58. José-Elías Gallegos, 2023. "Inflation persistence, noisy information and the Phillips curve," Working Papers 2309, Banco de España.
    59. Alexander Doser & Ricardo Nunes & Nikhil Rao & Viacheslav Sheremirov, 2023. "Inflation expectations and nonlinearities in the Phillips curve," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(4), pages 453-471, June.
    60. Besley, Timothy & Fetzer, Thiemo & Mueller, Hannes, 2023. "How Big is the Media Multiplier? Evidence from Dyadic News Data," CAGE Online Working Paper Series 692, Competitive Advantage in the Global Economy (CAGE).
    61. Pablo Pastory y Camarasa & Martien Lamers, 2023. "Do Actions Follow Words? How bank sentiment predicts credit growth," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 23/1073, Ghent University, Faculty of Economics and Business Administration.
    62. Bordalo, Pedro & Gennaioli, Nicola & Kwon, Spencer Yongwook & Shleifer, Andrei, 2021. "Diagnostic bubbles," Journal of Financial Economics, Elsevier, vol. 141(3), pages 1060-1077.
    63. Bartosz Maćkowiak & Mirko Wiederholt, 2025. "Rational Inattention and the Business Cycle Effects of Productivity and News Shocks," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(1), pages 274-309, January.
    64. Clements, Michael P., 2024. "Survey expectations and adjustments for multiple testing," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 338-354.
    65. Paulina Ziembińska, 2021. "Quality of Tests of Expectation Formation for Revised Data," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 13(4), pages 405-453, December.
    66. Xu, Xin & Xu, Xiaoguang, 2023. "Monetary policy transmission modeling and policy responses," The North American Journal of Economics and Finance, Elsevier, vol. 64(C).
    67. Klaus Adam & Oliver Pfäuti & Timo Reinelt, 2020. "Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target," CRC TR 224 Discussion Paper Series crctr224_2020_235, University of Bonn and University of Mannheim, Germany.
    68. D'Acunto, Francesco & Hoang, Daniel & Paloviita, Maritta & Weber, Michael, 2019. "Human frictions in the transmission of economic policy," Working Paper Series in Economics 128, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    69. Alexandros Botsis & Christoph Gortz & Plutarchos Sakellaris, 2023. "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts," Discussion Papers 23-06, Department of Economics, University of Birmingham.
    70. Dietrich, Alexander M., 2023. "Consumption categories, household attention, and inflation expectations: Implications for optimal monetary policy," University of Tübingen Working Papers in Business and Economics 157, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    71. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    72. Qiu, Yajie & Deschamps, Bruno & Liu, Xiaoquan, 2024. "Uncertainty and macroeconomic forecasts: Evidence from survey data," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 463-480.
    73. Czudaj, Robert L., 2023. "Expectation Formation and the Phillips Curve Revisited," MPRA Paper 119478, University Library of Munich, Germany.
    74. Chen, Heng & Li, Xu & Pei, Guangyu & Xin, Qian, 2024. "Heterogeneous overreaction in expectation formation: Evidence and theory," Journal of Economic Theory, Elsevier, vol. 218(C).
    75. Andrew B. Martinez, 2020. "Extracting Information from Different Expectations," Working Papers 2020-008, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    76. Alexander Dietrich & Keith Kuester & Gernot J. Müller & Raphael Schoenle, 2020. "News and Uncertainty about COVID-19: Survey Evidence and Short-Run Economic Impact," Working Papers 20-12R, Federal Reserve Bank of Cleveland, revised 22 Dec 2021.
    77. Martin Eichenbaum, 2023. "On the limits of rational expectations for policy analysis," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1221-1237, November.
    78. Alistair Macaulay, 2022. "Heterogeneous Information, Subjective Model Beliefs, and the Time-Varying Transmission of Shocks," CESifo Working Paper Series 9733, CESifo.
    79. Christopher S. Sutherland, 2020. "Forward Guidance and Expectation Formation: A Narrative Approach," Staff Working Papers 20-40, Bank of Canada.
    80. Granziera, Eleonora & Jalasjoki, Pirkka & Paloviita, Maritta, 2021. "The bias and efficiency of the ECB inflation projections: A state dependent analysis," Bank of Finland Research Discussion Papers 7/2021, Bank of Finland.
    81. Friedt, Felix L. & Toner-Rodgers, Aidan, 2022. "Natural disasters, intra-national FDI spillovers, and economic divergence: Evidence from India," Journal of Development Economics, Elsevier, vol. 157(C).
    82. Conrad, Christian & Lahiri, Kajal, 2024. "Heterogeneous Expectations among Professional Forecasters," Working Papers 0754, University of Heidelberg, Department of Economics.
    83. Hagenhoff, Tim & Lustenhouwer, Joep, 2020. "The role of stickiness, extrapolation and past consensus forecasts in macroeconomic expectations," Working Papers 0686, University of Heidelberg, Department of Economics.
    84. Ilek, Alex, 2021. "Are monetary surprises effective? The view of professional forecasters in Israel," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 516-530.
    85. Ferroni, Filippo & Fisher, Jonas D.M. & Melosi, Leonardo, 2024. "Unusual shocks in our usual models," Journal of Monetary Economics, Elsevier, vol. 147(C).
    86. Zidong An & Salem Abo‐Zaid & Xuguang Simon Sheng, 2023. "Inattention and the impact of monetary policy," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(4), pages 623-643, June.
    87. Robert L. Czudaj, 2021. "Heterogeneity of Beliefs and Information Rigidity in the Crude Oil Market: Evidence from Survey Data," Chemnitz Economic Papers 050, Department of Economics, Chemnitz University of Technology, revised Sep 2021.
    88. Anmol Bhandari & Jaroslav Borovicka & Paul Ho, 2019. "Survey Data and Subjective Beliefs in Business Cycle Models," Working Paper 19-14, Federal Reserve Bank of Richmond.
    89. Roman Frydman & Morten Nyboe Tabor, 2022. "Muth's Hypothesis Under Knightian Uncertainty: A Novel Account of Inflation Forecasts," Working Papers Series inetwp194, Institute for New Economic Thinking.
    90. Eusepi, Stefano & Gibbs, Chris & Preston, Bruce, 2021. "Forward guidance with unanchored expectations," Bank of Finland Research Discussion Papers 11/2021, Bank of Finland.
    91. Wu, Jieran, 2022. "Comments on “Sentiments and real business cycles”," Journal of Economic Dynamics and Control, Elsevier, vol. 141(C).
    92. Han, Zhao, 2024. "Asymmetric information and misaligned inflation expectations," Journal of Monetary Economics, Elsevier, vol. 143(C).
    93. Zaremba, Adam & Cakici, Nusret & Bianchi, Robert J. & Long, Huaigang, 2023. "Interest rate changes and the cross-section of global equity returns," Journal of Economic Dynamics and Control, Elsevier, vol. 147(C).
    94. Barrero, Jose Maria, 2022. "The micro and macro of managerial beliefs," Journal of Financial Economics, Elsevier, vol. 143(2), pages 640-667.
    95. Peter Andre & Carlo Pizzinelli & Christopher Roth & Johannes Wohlfart, 2021. "Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples," ECONtribute Discussion Papers Series 119, University of Bonn and University of Cologne, Germany.
    96. Binz, Oliver & Mayew, William J. & Nallareddy, Suresh, 2022. "Firms’ response to macroeconomic estimation errors," Journal of Accounting and Economics, Elsevier, vol. 73(2).
    97. Oleksiy Kryvtsov & Luba Petersen, 2019. "Central Bank Communication That Works: Lessons from Lab Experiments," Staff Working Papers 19-21, Bank of Canada.
    98. Fetzer, Thiemo & Besley, Tim & Mueller, Hannes, 2020. "Terror and Tourism: The Economic Consequences of Media Coverage," CEPR Discussion Papers 14275, C.E.P.R. Discussion Papers.
    99. Yves Breitmoser & Justin Valasek & Justin Mattias Valasek, 2023. "Why Do Committees Work?," CESifo Working Paper Series 10800, CESifo.
    100. Alexandre N. Kohlhas & Ansgar Walther, 2021. "Asymmetric Attention," American Economic Review, American Economic Association, vol. 111(9), pages 2879-2925, September.
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    102. Filardo, Andrew & Hubert, Paul & Rungcharoenkitkul, Phurichai, 2022. "Monetary policy reaction function and the financial cycle," Journal of Banking & Finance, Elsevier, vol. 142(C).
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    104. Christopher S Sutherland, 2022. "Forward guidance and expectation formation: A narrative approach," BIS Working Papers 1024, Bank for International Settlements.
    105. Roberto Gómez‐Cram, 2022. "Late to Recessions: Stocks and the Business Cycle," Journal of Finance, American Finance Association, vol. 77(2), pages 923-966, April.
    106. Alistair Macaulay & James Moberly, 2022. "Heterogeneity in imperfect inflation expectations:theory and evidence from a novel survey," Economics Series Working Papers 970, University of Oxford, Department of Economics.
    107. Jonathan J Adams, 2024. "Optimal Policy Without Rational Expectations: A Sufficient Statistic Solution," Working Papers 001011, University of Florida, Department of Economics.
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    109. Schmeling, Maik & Schrimpf, Andreas & Steffensen, Sigurd A.M., 2022. "Monetary policy expectation errors," Journal of Financial Economics, Elsevier, vol. 146(3), pages 841-858.
    110. Goldstein, Nathan & Zilberfarb, Ben-Zion, 2021. "Do forecasters really care about consensus?," Economic Modelling, Elsevier, vol. 100(C).
    111. Gáti, Laura, 2022. "Monetary policy & anchored expectations: an endogenous gain learning model," Working Paper Series 2685, European Central Bank.
    112. Arpan Chakraborty, 2024. "Beyond Rationality: Unveiling the Role of Animal Spirits and Inflation Extrapolation in Central Bank Communication of the US," Papers 2409.10938, arXiv.org.
    113. Mikhaylov, Dmitry, 2023. "Macroeconomic Forecasting with the Use of News Data," Working Papers w20220250, Russian Presidential Academy of National Economy and Public Administration.
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    117. Park, Yang-Ho, 2022. "Spread position as a leading economic indicator," Journal of Financial Markets, Elsevier, vol. 59(PA).
    118. Ina Hajdini, 2022. "Mis-specified Forecasts and Myopia in an Estimated New Keynesian Model," Working Papers 22-03R, Federal Reserve Bank of Cleveland, revised 06 Mar 2023.
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    120. Francesco D'Acunto & Ulrike M. Malmendier & Juan Ospina & Michael Weber & Michael Weber, 2019. "Exposure to Daily Price Changes and Inflation Expectations," CESifo Working Paper Series 7798, CESifo.
    121. Yuliya Rychalovska & Sergey Slobodyan & Raf Wouters, 2024. "Survey Expectations, Adaptive Learning and Inflation Dynamics," CERGE-EI Working Papers wp781, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    122. Kiss, Tamás & Kladívko, Kamil & Silfverberg, Oliwer & Österholm, Pär, 2023. "Market participants or the random walk – who forecasts better? Evidence from micro-level survey data," Finance Research Letters, Elsevier, vol. 54(C).
    123. Boeck, Maximilian & Feldkircher, Martin, 2021. "The Impact of Monetary Policy on Yield Curve Expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 887-901.
    124. Christopher S. Sutherland, 2023. "Forward guidance and expectation formation: A narrative approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 222-241, March.
    125. Chen, Xiaohong & Hansen, Lars Peter & Hansen, Peter G., 2024. "Robust inference for moment condition models without rational expectations," Journal of Econometrics, Elsevier, vol. 243(1).
    126. Chen Lian, 2021. "Mistakes in Future Consumption, High MPCs Now," NBER Working Papers 29517, National Bureau of Economic Research, Inc.
    127. Tianhao Wu, 2024. "Consumption with Imperfect Income Expectations," Journal of Economics and Behavioral Studies, AMH International, vol. 16(1), pages 12-30.
    128. Xiao, Wei, 2022. "Understanding probabilistic expectations – a behavioral approach," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    129. Huang, Dashan & Li, Jiangyuan & Wang, Liyao, 2021. "Are disagreements agreeable? Evidence from information aggregation," Journal of Financial Economics, Elsevier, vol. 141(1), pages 83-101.
    130. Klaus-Peter Hellwig, 2018. "Overfitting in Judgment-based Economic Forecasts: The Case of IMF Growth Projections," IMF Working Papers 2018/260, International Monetary Fund.
    131. Wang, Hailong & Hu, Duni, 2024. "Heterogeneous beliefs with information processing capacity constraints and asset pricing in a monetary economy," The North American Journal of Economics and Finance, Elsevier, vol. 72(C).
    132. Clements, Michael P., 2021. "Rounding behaviour of professional macro-forecasters," International Journal of Forecasting, Elsevier, vol. 37(4), pages 1614-1631.
    133. Kuang, Pei & Tang, Li & Zhang, Renbin & Zhang, Tongbin, 2022. "Forecast disagreement about long-run macroeconomic relationships," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 371-387.
    134. Thierry U. Kame Babilla, 2024. "Bank‐lending channel of monetary policy transmission in WAEMU: An estimated DSGE model approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1277-1300, April.
    135. Sarantis Tsiaplias, 2024. "Inflation as a 'bad', heuristics and aggregate shocks: New evidence on expectation formation," Melbourne Institute Working Paper Series wp2024n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    136. J. Daniel Aromí & Martín Llada, 2024. "Are professional forecasters inattentive to public discussions? The case of inflation in Argentina," Working Papers 300, Red Nacional de Investigadores en Economía (RedNIE).
    137. Meggiorini, Greta, 2023. "Behavioral New Keynesian Models: An empirical assessment," Journal of Macroeconomics, Elsevier, vol. 77(C).
    138. von Gaudecker, Hans-Martin & Wogrolly, Axel, 2022. "Heterogeneity in households’ stock market beliefs," Journal of Econometrics, Elsevier, vol. 231(1), pages 232-247.
    139. Zhou, Ye & Huang, Difang & Chen, Muzi & Wang, Yunlong & Yang, Xiaoguang, 2024. "How did small business respond to unexpected shocks? Evidence from a natural experiment in China," Journal of Corporate Finance, Elsevier, vol. 84(C).
    140. Lars A. Lochstoer & Tyler Muir, 2022. "Volatility Expectations and Returns," Journal of Finance, American Finance Association, vol. 77(2), pages 1055-1096, April.
    141. Ethan Struby & Christina Farhart, 2024. "Inflation Expectations and Political Polarization: Evidence from the Cooperative Election Study," Working Papers 2024-01, Carleton College, Department of Economics.

  14. Pedro Bordalo & Nicola Gennaioli & Spencer Yongwook Kwon & Andrei Shleifer, 2018. "Diagnostic Bubbles," NBER Working Papers 25399, National Bureau of Economic Research, Inc.

    Cited by:

    1. James Graham, 2022. "Boom and Bust: A Global History of Financial Bubbles," The Economic Record, The Economic Society of Australia, vol. 98(322), pages 324-326, September.

  15. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2017. "Memory, Attention, and Choice," NBER Working Papers 23256, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alex Rees-Jones & Dmitry Taubinsky, 2016. "Measuring “Schmeduling”," NBER Working Papers 22884, National Bureau of Economic Research, Inc.
    2. Campbell, John Y., 2016. "Restoring rational choice: The challenge of consumer financial regulation," Working Paper Series 1897, European Central Bank.
    3. Christopher Roth & Johannes Wohlfart, 2020. "How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior?," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 731-748, October.
    4. Goldfayn-Frank, Olga & Wohlfart, Johannes, 2018. "How do consumers adapt to a new environment in their economic forecasting? Evidence from the German reunification," IMFS Working Paper Series 129, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    5. Frans van Winden, 2021. "The Informational Affective Tie Mechanism: On the Role of Uncertainty, Context, and Attention in Caring," Tinbergen Institute Discussion Papers 21-012/I, Tinbergen Institute.
    6. Ingar K. Haaland & Christopher Roth & Johannes Wohlfart, 2020. "Designing Information Provision Experiments," CESifo Working Paper Series 8406, CESifo.
    7. Christian Ochsner & Felix Roesel, 2017. "Activated History - The Case of the Turkish Sieges of Vienna," CESifo Working Paper Series 6586, CESifo.
    8. Gwen-Jiro Clochard, 2022. "Contact Interventions: A Meta-Analysis," Working Papers 2022-14, Center for Research in Economics and Statistics.
    9. Emmanuelle Auriol & Julie Lassébie & Amma Panin & Eva Raiber & Paul Seabright, 2020. "God insures those who pay? Formal insurance and religious offerings in Ghana," Post-Print hal-02872179, HAL.
    10. Inderst, Roman & Obradovits, Martin, 2021. "Excessive Competition on Headline Prices," EconStor Preprints 253666, ZBW - Leibniz Information Centre for Economics.
    11. Jeanne Hagenbach & Frédéric Koessler, 2021. "Selective Memory of a Psychological Agent," SciencePo Working papers Main halshs-03151009, HAL.
    12. Katherine Coffman & Maria Paola Ugalde Araya & Basit Zafar, 2024. "A (dynamic) investigation of stereotypes, belief‐updating, and behavior," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 957-983, July.
    13. Abel, Martin & Burger, Rulof, 2023. "Unpacking Name-Based Race Discrimination," IZA Discussion Papers 16254, Institute of Labor Economics (IZA).
    14. Raj Chetty, 2015. "Behavioral Economics and Public Policy: A Pragmatic Perspective," American Economic Review, American Economic Association, vol. 105(5), pages 1-33, May.
    15. Constantin Charles & Cary Frydman & Mete Kilic, 2024. "Insensitive Investors," Journal of Finance, American Finance Association, vol. 79(4), pages 2473-2503, August.
    16. DELIS, Manthos & GALARIOTIS, Emilios & IOSIFIDI, Maria & MONNE, Jerome, 2023. "Poverty and seeking bank advice: Evidence from a survey experiment," Journal of Financial Stability, Elsevier, vol. 67(C).
    17. Goldfayn-Frank, Olga & Wohlfart, Johannes, 2019. "How Do Consumers Adapt to a New Environment in their economic forecasting? Evidence from the German Reunification," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203668, Verein für Socialpolitik / German Economic Association.
    18. Ignacio Palacios-Huerta, 2024. "Birth Timing and the Intergenerational Transmission of Human Capital," Journal of Human Capital, University of Chicago Press, vol. 18(1), pages 194-226.
    19. Olafsson, Arna & Pagel, Michaela, 2024. "Retirement puzzles: New evidence from personal finances," Journal of Public Economics, Elsevier, vol. 234(C).
    20. Frederik Schwerter & Florian Zimmermann, 2019. "Determinants of trust: the role of personal experiences," CESifo Working Paper Series 7545, CESifo.
    21. Enke, Benjamin & Schwerter, Frederik & Zimmermann, Florian, 2024. "Associative memory, beliefs and market interactions," Journal of Financial Economics, Elsevier, vol. 157(C).
    22. Samuel M. Hartzmark & Kelly Shue, 2017. "A Tough Act to Follow: Contrast Effects In Financial Markets," NBER Working Papers 23883, National Bureau of Economic Research, Inc.
    23. Saucet, Charlotte & Villeval, Marie Claire, 2019. "Motivated memory in dictator games," Games and Economic Behavior, Elsevier, vol. 117(C), pages 250-275.
    24. Benjamin Enke & Frederik Schwerter & Florian Zimmermann, 2020. "Associative Memory and Belief Formation," NBER Working Papers 26664, National Bureau of Economic Research, Inc.
    25. Hongye Guo & Jessica A. Wachter, 2019. ""Superstitious" Investors," NBER Working Papers 25603, National Bureau of Economic Research, Inc.
    26. Yin, Zhichao & Yan, Yu & Chen, Xirong & Liu, Taixing, 2022. "Earthquake and household energy consumption – Evidence from the Wenchuan earthquake in China," Energy Economics, Elsevier, vol. 111(C).
    27. Perroni, Carlo & Scharf, Kimberley & Talavera, Oleksandr & Vi, Linh, 2022. "Does online salience predict charitable giving? Evidence from SMS text donations," Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 134-149.
    28. Chen Lian & Yueran Ma & Carmen Wang, 2019. "Low Interest Rates and Risk-Taking: Evidence from Individual Investment Decisions," The Review of Financial Studies, Society for Financial Studies, vol. 32(6), pages 2107-2148.
    29. Sequeira, Sandra & Nardotto, Mattia, 2021. "Identity, Media and Consumer Behavior," CEPR Discussion Papers 15765, C.E.P.R. Discussion Papers.
    30. Cornel Kaufmann & Tobias Mueller & Andreas Hefti & Stefan Boes, 2018. "Does personalized information improve health plan choices when individuals are distracted?," Diskussionsschriften dp1808, Universitaet Bern, Departement Volkswirtschaft.
    31. Jonas Radbruch & Amelie Schiprowski, 2021. "Interview Sequences and the Formation of Subjective Assessments," CRC TR 224 Discussion Paper Series crctr224_2021_268v2, University of Bonn and University of Mannheim, Germany.
    32. Bing Han & David Hirshleifer & Johan Walden, 2023. "Visibility Bias in the Transmission of Consumption Beliefs and Undersaving," Journal of Finance, American Finance Association, vol. 78(3), pages 1647-1704, June.
    33. Charles, Constantin & Frydman, Cary & Kilic, Mete, 2024. "Insensitive investors," LSE Research Online Documents on Economics 120788, London School of Economics and Political Science, LSE Library.
    34. Karlan, Dean & Osman, Adam & Zinman, Jonathan, 2018. "Dangers of a Double-Bottom Line: A Poverty Targeting Experiment Misses Both Targets," CEPR Discussion Papers 12838, C.E.P.R. Discussion Papers.
    35. Michael R. Eber & Cass R. Sunstein & James K. Hammitt & Jennifer M. Yeh, 2021. "The modest effects of fact boxes on cancer screening," Journal of Risk and Uncertainty, Springer, vol. 62(1), pages 29-54, February.
    36. Eugenio Proto & Aldo Rustichini & Andis Sofianos, 2020. "Intelligence, Errors and Strategic Choices in the Repeated Prisoners' Dilemma," CESifo Working Paper Series 8068, CESifo.
    37. Scott Duke Kominers & Xiaosheng Mu & Alexander Peysakhovich, 2019. "Paying for Attention: The Impact of Information Processing Costs on Bayesian Inference," Working Papers 2019-31, Princeton University. Economics Department..
    38. Andrea Canidio & Heiko Karle, 2021. "The Focusing Effect in Negotiations," CESifo Working Paper Series 9297, CESifo.
    39. Sendhil Mullainathan & Ziad Obermeyer, 2019. "Diagnosing Physician Error: A Machine Learning Approach to Low-Value Health Care," NBER Working Papers 26168, National Bureau of Economic Research, Inc.
    40. Gagnon-Bartsch, Tristan & Bushong, Benjamin, 2022. "Learning with misattribution of reference dependence," Journal of Economic Theory, Elsevier, vol. 203(C).
    41. Jonas Pilgaard Kaiser & Alexander K. Koch & Julia Nafziger, 2024. "Does goal revision undermine self-regulation through goals? An experiment," Experimental Economics, Springer;Economic Science Association, vol. 27(3), pages 604-636, July.
    42. Aparicio, Diego & Rigobon, Roberto, 2023. "Quantum prices," Journal of International Economics, Elsevier, vol. 143(C).
    43. Hoffmann, Vivian & Moser, Christine & Saak, Alexander, 2019. "Food safety in low and middle-income countries: The evidence through an economic lens," World Development, Elsevier, vol. 123(C), pages 1-1.
    44. Chen, Mizhou & Li, Pan, 2023. "Household reaching-for-yield behavior and low interest rate in China," Finance Research Letters, Elsevier, vol. 55(PB).
    45. Caballero, Adrián & López-Pérez, Raúl, 2022. "Heterogeneous primacy and recency effects in frequency estimation," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 182-203.
    46. Vincenzo Galasso, 2024. "The Role of Salience and Memory in Fertility Decisions: Experimental Evidence," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 43(4), pages 1-18, August.
    47. Christine L. Exley & Ragan Petrie, 2016. "The Impact of a Surprise Donation Ask," Harvard Business School Working Papers 16-101, Harvard Business School, revised Dec 2017.
    48. Xiqian Cai & JunJie Wu & Wenchao Xu & Jialiang Zhu, 2024. "Negative emotions increase unhealthy eating: Evidence from the Wuhan lockdown during COVID‐19," Health Economics, John Wiley & Sons, Ltd., vol. 33(4), pages 604-635, April.
    49. Alt, Marius & Gallier, Carlo, 2021. "Incentives and intertemporal behavioral spillovers: A two-period experiment on charitable giving," ZEW Discussion Papers 21-010, ZEW - Leibniz Centre for European Economic Research.
    50. Andrea Amelio & Florian Zimmermann, 2022. "Motivated Memory in Economics - a Review," ECONtribute Discussion Papers Series 213, University of Bonn and University of Cologne, Germany.
    51. Pierpaolo Battigalli & Nicolò Generoso, 2021. "Information Flows and Memory in Games," Working Papers 678, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    52. Königsheim, C. & Lukas, M. & Nöth, M., 2019. "Salience theory: Calibration and heterogeneity in probability distortion," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 477-495.
    53. Neligh, Nathaniel, 2024. "Rational memory with decay," Journal of Economic Behavior & Organization, Elsevier, vol. 223(C), pages 120-145.
    54. Xie, Erhao, 2021. "Empirical properties and identification of adaptive learning models in behavioral game theory," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 798-821.
    55. Gesche, Tobias, 2018. "Reference Price Shifts and Customer Antagonism: Evidence from Reviews for Online Auctions," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181650, Verein für Socialpolitik / German Economic Association.
    56. Astrid Gamba & Anna Bottasso, 2019. "Consumer inertia in energy markets: Insights from behavioral economics," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2019(3), pages 113-130.
    57. Delis, Manthos & Galariotis, Emilios & Monne, Jerome, 2021. "Financial vulnerability and seeking expert advice: Evidence from a survey experiment," MPRA Paper 107095, University Library of Munich, Germany.
    58. Xiaosheng Mu, 2019. "Amendment Voting with Incomplete Preferences," Working Papers 2019-29, Princeton University. Economics Department..
    59. Bakó, Barna & Neszveda, Gábor, 2020. "The Achilles’ heel of Salience theory and a way to fix it," Economics Letters, Elsevier, vol. 193(C).
    60. Gao, Ming & Liu, Yu-Jane & Shi, Yushui, 2020. "Do people feel less at risk? Evidence from disaster experience," Journal of Financial Economics, Elsevier, vol. 138(3), pages 866-888.
    61. Gleue, Marvin & Harrs, Sören & Feldhaus, Christoph & Löschel, Andreas, 2024. "Identity and voluntary efforts for climate protection," Journal of Economic Behavior & Organization, Elsevier, vol. 221(C), pages 436-476.
    62. Stefano Cassella & Huseyin Gulen, 2018. "Extrapolation Bias and the Predictability of Stock Returns by Price-Scaled Variables," The Review of Financial Studies, Society for Financial Studies, vol. 31(11), pages 4345-4397.
    63. Jeffrey, Karen & Matakos, Konstantinos, 2024. "Automation anxiety, fairness perceptions, and redistribution: Past experiences condition the response to future job loss," Journal of Economic Behavior & Organization, Elsevier, vol. 221(C), pages 174-190.
    64. Su, Fei & Wang, Xinyi, 2021. "Investor co-attention and stock return co-movement: Evidence from China’s A-share stock market," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    65. Angelico, Cristina, 2024. "The green transition and firms' expectations on future prices: Survey evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 221(C), pages 519-543.
    66. Zhou, Ye & Huang, Difang & Chen, Muzi & Wang, Yunlong & Yang, Xiaoguang, 2024. "How did small business respond to unexpected shocks? Evidence from a natural experiment in China," Journal of Corporate Finance, Elsevier, vol. 84(C).

  16. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2017. "Diagnostic Expectations and Stock Returns," NBER Working Papers 23863, National Bureau of Economic Research, Inc.

    Cited by:

    1. Francesco Bianchi & Cosmin L. Ilut & Hikaru Saijo, 2024. "Smooth Diagnostic Expectations," NBER Working Papers 32152, National Bureau of Economic Research, Inc.
    2. Theresa Kuchler & Monika Piazzesi & Johannes Stroebel, 2022. "Housing Market Expectations," NBER Working Papers 29909, National Bureau of Economic Research, Inc.
    3. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    4. Zhengyang Jiang & Hanno Lustig & Stijn Van Nieuwerburgh & Mindy Z. Xiaolan, 2024. "What Drives Variation in the U.S. Debt‐to‐Output Ratio? The Dogs that Did not Bark," Journal of Finance, American Finance Association, vol. 79(4), pages 2603-2665, August.
    5. Constantin Bürgi & Julio L. Ortiz, 2022. "Overreaction through Anchoring," CESifo Working Paper Series 10193, CESifo.
    6. Stefan Nagel & Zhengyang Xu, 2019. "Asset Pricing with Fading Memory," NBER Working Papers 26255, National Bureau of Economic Research, Inc.
    7. Jean-Paul L’Huillier & Sanjay R. Singh & Donghoon Yoo, 2023. "Incorporating Diagnostic Expectations into the New Keynesian Framework," Working Paper Series 2023-19, Federal Reserve Bank of San Francisco.
    8. David Altig & Jose Maria Barrero & Nicholas Bloom & Steven J. Davis & Brent H. Meyer & Nicholas Parker, 2019. "Surveying Business Uncertainty," NBER Working Papers 25956, National Bureau of Economic Research, Inc.
    9. Caio Machado, 2023. "Managing Overreaction During a Run," Documentos de Trabajo 574, Instituto de Economia. Pontificia Universidad Católica de Chile..
    10. Saki Bigio & Eduardo Zilberman, 2020. "Speculation-driven Business Cycles," Working Papers 161, Peruvian Economic Association.
    11. Michael Haliassos & Hector F. CALVO PARDO & Chryssi Giannitsarou & Luc Arrondel, 2016. "Informative Social Interactions," 2016 Meeting Papers 636, Society for Economic Dynamics.
    12. Merkle, Christoph & Sextroh, Christoph J., 2021. "Value and momentum from investors’ perspective: Evidence from professionals’ risk-ratings," Journal of Empirical Finance, Elsevier, vol. 62(C), pages 159-178.
    13. Francesco D’Acunto & Daniel Hoang & Maritta Paloviita & Michael Weber, 2019. "IQ, Expectations, and Choice," NBER Working Papers 25496, National Bureau of Economic Research, Inc.
    14. Xiaohong Chen & Lars P. Hansen & Peter G. Hansen, 2020. "Robust Identification of Investor Beliefs," Cowles Foundation Discussion Papers 2236, Cowles Foundation for Research in Economics, Yale University.
    15. Marta Cota, 2023. "Extrapolative Income Expectations and Retirement Savings," CERGE-EI Working Papers wp751, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    16. Born, Benjamin & Enders, Zeno & Müller, Gernot, 2023. "On FIRE, news, and expectations," CEPR Discussion Papers 18259, C.E.P.R. Discussion Papers.
      • Born, Benjamin & Enders, Zeno & Müller, Gernot J., 2023. "On FIRE, news, and expectations," Working Papers 42, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    17. Chini, Emilio Zanetti, 2023. "Can we estimate macroforecasters’ mis-behavior?," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
    18. Luojia Hu & Xing Huang & Andrei Simonov, 2020. "Credit Score Doctors," Working Paper Series WP-2020-07, Federal Reserve Bank of Chicago.
    19. Miao Liu, 2022. "Assessing Human Information Processing in Lending Decisions: A Machine Learning Approach," Journal of Accounting Research, Wiley Blackwell, vol. 60(2), pages 607-651, May.
    20. Constantin Charles & Cary Frydman & Mete Kilic, 2024. "Insensitive Investors," Journal of Finance, American Finance Association, vol. 79(4), pages 2473-2503, August.
    21. Pedro Bordalo & Marco Tabellini & David Y. Yang, 2020. "Issue Salience and Political Stereotypes," NBER Working Papers 27194, National Bureau of Economic Research, Inc.
    22. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2024. "Belief Overreaction and Stock Market Puzzles," Journal of Political Economy, University of Chicago Press, vol. 132(5), pages 1450-1484.
    23. Li, Kai, 2021. "Nonlinear effect of sentiment on momentum," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    24. Andrew Filardo & Paul Hubert & Phurichai Rungcharoenkitkul, 2019. "The reaction function channel of monetary policy and the financial cycle," SciencePo Working papers Main hal-03403260, HAL.
    25. Benjamin Enke & Frederik Schwerter & Florian Zimmermann, 2020. "Associative Memory and Belief Formation," NBER Working Papers 26664, National Bureau of Economic Research, Inc.
    26. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2021. "Superstar Returns," Working Papers hal-03881493, HAL.
    27. Karnaukh, Nina & Vokata, Petra, 2022. "Growth forecasts and news about monetary policy," Journal of Financial Economics, Elsevier, vol. 146(1), pages 55-70.
    28. Carlo A. Favero & Alessandro Melone, 2019. "Asset Pricing vs Asset Expected Returning in Factor Models," Working Papers 651, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    29. Jules H van Binsbergen & Xiao Han & Alejandro Lopez-Lira, 2023. "Man versus Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases," The Review of Financial Studies, Society for Financial Studies, vol. 36(6), pages 2361-2396.
    30. Kale, Arati & Kale, Devendra, 2023. "Do exogenous economic crises change investors’ response to earnings announcements?: A detailed review using the data from COVID-19 pandemic," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    31. Dim, Chukwuma & Koerner, Kevin & Wolski, Marcin & Zwart, Sanne, 2022. "Hot off the press: News-implied sovereign default risk," EIB Working Papers 2022/06, European Investment Bank (EIB).
    32. Wolfgang Maennig & Stefan Wilhelm, 2022. "News and Noise in Crime Politics: The Role of Announcements and Risk Attitudes," Working Papers 072, Chair for Economic Policy, University of Hamburg.
    33. Briggs, Joseph & Cesarini, David & Lindqvist, Erik & Östling, Robert, 2015. "Windfall Gains and Stock Market Participation," Working Paper Series 1092, Research Institute of Industrial Economics.
    34. Bordalo, Pedro & Gennaioli, Nicola & Kwon, Spencer Yongwook & Shleifer, Andrei, 2021. "Diagnostic bubbles," Journal of Financial Economics, Elsevier, vol. 141(3), pages 1060-1077.
    35. Camous, Antoine & Van der Ghote, Alejandro, 2022. "Financial stability and macroprudential regulation under diagnostic expectations," Research Bulletin, European Central Bank, vol. 101.
    36. Christophe Blot & Paul Hubert & Fabien Labondance, 2020. "The asymmetric effects of monetary policy on stock price bubbles," Documents de Travail de l'OFCE 2020-12, Observatoire Francais des Conjonctures Economiques (OFCE).
    37. Alex Kim & Maximilian Muhn & Valeri Nikolaev, 2024. "Financial Statement Analysis with Large Language Models," Papers 2407.17866, arXiv.org, revised Nov 2024.
    38. Constantin Charles & Cary D. Frydman & Mete Kilic, 2022. "Insensitive Investors," CESifo Working Paper Series 10067, CESifo.
    39. Charles, Constantin & Frydman, Cary & Kilic, Mete, 2024. "Insensitive investors," LSE Research Online Documents on Economics 120788, London School of Economics and Political Science, LSE Library.
    40. Andries, Marianne & Bianchi, Milo & Huynh, Karen & Pouget, Sébastien, 2024. "Return Predictability, Expectations, and Investment: Experimental Evidence," TSE Working Papers 1561, Toulouse School of Economics (TSE).
    41. Nikolai Roussanov & Hongxun Ruan & Yanhao Wei, 2018. "Marketing Mutual Funds," NBER Working Papers 25056, National Bureau of Economic Research, Inc.
    42. Chen, Heng & Li, Xu & Pei, Guangyu & Xin, Qian, 2024. "Heterogeneous overreaction in expectation formation: Evidence and theory," Journal of Economic Theory, Elsevier, vol. 218(C).
    43. Da, Zhi & Huang, Xing & Jin, Lawrence J., 2021. "Extrapolative beliefs in the cross-section: What can we learn from the crowds?," Journal of Financial Economics, Elsevier, vol. 140(1), pages 175-196.
    44. Pei Kuang, 2019. "New Tests of Expectation Formation with Applications to Asset Pricing Models," 2019 Meeting Papers 187, Society for Economic Dynamics.
    45. Azevedo, Vitor, 2023. "Analysts’ underreaction and momentum strategies," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    46. Marianne Andries & Milo Bianchi & Karen Huynh & Sébastien Pouget, 2024. "Return Predictability, Expectations, and Investment: Experimental Evidence," Post-Print hal-04680777, HAL.
    47. Barrero, Jose Maria, 2022. "The micro and macro of managerial beliefs," Journal of Financial Economics, Elsevier, vol. 143(2), pages 640-667.
    48. Filardo, Andrew & Hubert, Paul & Rungcharoenkitkul, Phurichai, 2022. "Monetary policy reaction function and the financial cycle," Journal of Banking & Finance, Elsevier, vol. 142(C).
    49. Le Ma & Peter Wells, 2024. "Evaluation of Fair Value Relevance and Sensitivity to Valuation Assumptions," Abacus, Accounting Foundation, University of Sydney, vol. 60(3), pages 419-445, September.
    50. Yen-Sheng Lee, 2022. "Representative Bias and Pairs Trade: Evidence From S&P 500 and Russell 2000 Indexes," SAGE Open, , vol. 12(3), pages 21582440221, August.
    51. Favero, Carlo A. & Melone, Alessandro, 2020. "Asset Pricing vs Asset Expected Returning in Factor-Portfolio Models," CEPR Discussion Papers 14417, C.E.P.R. Discussion Papers.
    52. Huseyin Gulen & Mihai Ion & Candace E Jens & Stefano Rossi, 2024. "Credit Cycles, Expectations, and Corporate Investment," The Review of Financial Studies, Society for Financial Studies, vol. 37(11), pages 3335-3385.
    53. Goutte, Maud-Rose, 2022. "Do actions speak louder than words? Evidence from microblogs," Journal of Behavioral and Experimental Finance, Elsevier, vol. 33(C).
    54. Li, Lin & Liu, Kunyu & Li, Guoping, 2024. "What can analyst forecasts tell us about imperfect information?," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1059-1073.
    55. Ricardo De La O & Sean Myers, 2021. "Subjective Cash Flow and Discount Rate Expectations," Journal of Finance, American Finance Association, vol. 76(3), pages 1339-1387, June.
    56. Niels Joachim Gormsen & Eben Lazarus, 2023. "Duration‐Driven Returns," Journal of Finance, American Finance Association, vol. 78(3), pages 1393-1447, June.
    57. Pedersen, Lasse Heje, 2022. "Game on: Social networks and markets," Journal of Financial Economics, Elsevier, vol. 146(3), pages 1097-1119.
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    123. Brunella Bruno & Alexandra D’Onofrio & Immacolata Marino, 2017. "Determinants of Bank Lending in Europe and the US. Evidence from Crisis and Post Crisis Years," CSEF Working Papers 462, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
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    1. Álvarez Pereira, Brais & Aman-Rana, Shan & Delfino, Alexia, 2024. "Team size and diversity," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 924-948.
    2. Francesca Modena & Enrico Rettore & Giulia Martina Tanzi, 2021. "Does gender matter? The effect of high performing peers on academic performances," Temi di discussione (Economic working papers) 1356, Bank of Italy, Economic Research and International Relations Area.
    3. Laura Hospido & Luc Laeven & Ana Lamo, 2022. "The Gender Promotion Gap: Evidence from Central Banking," The Review of Economics and Statistics, MIT Press, vol. 104(5), pages 981-996, December.
    4. Bobba, Matteo & Frisancho, Veronica, 2022. "Self-perceptions about academic achievement: Evidence from Mexico City," Journal of Econometrics, Elsevier, vol. 231(1), pages 58-73.
    5. Moritz Drechsel-Grau & Felix Holub, 2020. "Gender Gaps and the Role of Bosses," CRC TR 224 Discussion Paper Series crctr224_2020_237, University of Bonn and University of Mannheim, Germany.
    6. Michael Thaler, 2020. "Gender Differences in Motivated Reasoning," Papers 2012.01538, arXiv.org, revised Jul 2021.
    7. Catherine Eckel & Lata Gangadharan & Philip J. Grossman & Nina Xue, 2021. "The gender leadership gap: insights from experiments," Chapters, in: Ananish Chaudhuri (ed.), A Research Agenda for Experimental Economics, chapter 7, pages 137-162, Edward Elgar Publishing.
    8. Eber, Nicolas & François, Abel & Weill, Laurent, 2021. "Gender, age, and attitude toward competition," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 668-690.
    9. Quentin Cavalan & Vincent De Gardelle & Jean-Christophe Vergnaud, 2020. "Overestimate yourself or underestimate others? Two sources of bias in bargaining with joint production," Documents de travail du Centre d'Economie de la Sorbonne 20003, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    10. Paredes, Valentina & Pino, Francisco J. & Díaz, David, 2024. "Does facial structure explain differences in student evaluations of teaching? The role of fWHR as a proxy for perceived dominance," Economics & Human Biology, Elsevier, vol. 54(C).
    11. Kinnl, Klara & Möller, Jakob & Walter, Anna, 2023. "Borrowed Plumes:," Department of Economics Working Paper Series 345, WU Vienna University of Economics and Business.
    12. Hajdu, Gergely & Frollová, Nikola, 2024. "Overconfidence Due to a Self-reliance Dilemma," Department of Economics Working Paper Series 363, WU Vienna University of Economics and Business.
    13. Delaney, Judith M. & Devereux, Paul J., 2021. "High School Rank in Math and English and the Gender Gap in STEM," Labour Economics, Elsevier, vol. 69(C).
    14. Katherine Coffman & Maria Paola Ugalde Araya & Basit Zafar, 2024. "A (dynamic) investigation of stereotypes, belief‐updating, and behavior," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 957-983, July.
    15. Borra, Cristina & Iacovou, Maria & Sevilla, Almudena, 2021. "Adolescence Development and the Math Gender Gap," IZA Discussion Papers 14077, Institute of Labor Economics (IZA).
    16. Haeckl, Simone, 2022. "Image concerns in ex-ante self-assessments–Gender differences and behavioral consequences," Labour Economics, Elsevier, vol. 76(C).
    17. Cools, Angela & Fernández, Raquel & Patacchini, Eleonora, 2022. "The asymmetric gender effects of high flyers," Labour Economics, Elsevier, vol. 79(C).
    18. Borbely, Daniel & Norris, Jonathan & Romiti, Agnese, 2021. "Peer Gender and Schooling: Evidence from Ethiopia," IZA Discussion Papers 14439, Institute of Labor Economics (IZA).
    19. Abel, Martin & Burger, Rulof, 2023. "Unpacking Name-Based Race Discrimination," IZA Discussion Papers 16254, Institute of Labor Economics (IZA).
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    21. Grosch, Kerstin & Häckl, Simone & Kocher, Martin G., 2022. "Closing the gender STEM gap," Department of Economics Working Paper Series 329, WU Vienna University of Economics and Business.
    22. Yulia Evsyukova & Felix Rusche & Wladislaw Mill, 2024. "LinkedOut? A Field Experiment on Discrimination in Job Network Formation," CESifo Working Paper Series 11433, CESifo.
    23. Andrzej Baranski Author e-mail: a.baranski@nyu.edu & Diogo Geraldes Author e-mail: diogogeraldes@gmail.com & Ada Kovaliukaite Author e-mail: ada.kovaliukaite@nyu.edu & James Tremewan Author e-mail: ja, 2021. "An Experiment on Gender Representation in Majoritarian Bargaining," Working Papers 20210060, New York University Abu Dhabi, Department of Social Science, revised Sep 2021.
    24. Grosch, Kerstin & Fischer, Sabine, 2024. "Gender equivalence in overconfidence A large-scale experimental study in a non-WEIRD country," Department for Strategy and Innovation Working Paper Series 02/2024, WU Vienna University of Economics and Business.
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    29. Bašić, Zvonimir & Bortolotti, Stefania & Salicath, Daniel & Schmidt, Stefan & Schneider, Sebastian O. & Sutter, Matthias, 2024. "One Size Fits All? The Interplay of Incentives, Effort Provision, and Personality," IZA Discussion Papers 17287, Institute of Labor Economics (IZA).
    30. Akerlof, Robert & Rayo, Luis, 2020. "Narratives and the Economics of the Family," The Warwick Economics Research Paper Series (TWERPS) 1299, University of Warwick, Department of Economics.
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    44. Sule Alan & Gözde Corekcioglu & Mustafa Kaba & Matthias Sutter, 2023. "Female Leadership and Workplace Climate," ECONtribute Discussion Papers Series 249, University of Bonn and University of Cologne, Germany.
    45. Nicoletti, Cheti & Sevilla, Almudena & Tonei, Valentina, 2022. "Gender Stereotypes in the Family," IZA Discussion Papers 15773, Institute of Labor Economics (IZA).
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    67. Enrico Rubolino, 2022. "Taxing the Gender Gap: Labor Market Effects of a Payroll Tax Cut for Women in Italy," CESifo Working Paper Series 9671, CESifo.
    68. Sookie Xue Zhang & Ralph-Christopher Bayer, 2023. "Delegation based on cheap talk," Theory and Decision, Springer, vol. 94(2), pages 333-361, February.
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  21. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2015. "Neglected Risks: The Psychology of Financial Crises," NBER Working Papers 20875, National Bureau of Economic Research, Inc.

    Cited by:

    1. Zuzana Rakovska & Dominika Ehrenbergerova & Martin Hodula, 2020. "The Power of Sentiment: Irrational Beliefs of Households and Consumer Loan Dynamics," Working Papers 2020/10, Czech National Bank.
    2. John Manuel Barrios & Yael V. Hochberg, 2020. "Risk Perception Through the Lens of Politics in the Time of the COVID-19 Pandemic," Working Papers 2020-32, Becker Friedman Institute for Research In Economics.
    3. Ruenzi, Stefan & Ungeheuer, Michael & Weigert, Florian, 2020. "Joint extreme events in equity returns and liquidity and their cross-sectional pricing implications," CFR Working Papers 20-01, University of Cologne, Centre for Financial Research (CFR).
    4. Mahfuzul Haque & Hannarong Shamsub, 2015. "Do Markets Cointegrate after Financial Crises? Evidence from G-20 Stock Markets," IJFS, MDPI, vol. 3(4), pages 1-30, December.
    5. Enrico Perotti & Magdelena Rola-Janicka, 2019. "Funding Shocks and Credit Quality," Tinbergen Institute Discussion Papers 19-060/IV, Tinbergen Institute.
    6. Sreyoshi Das & Camelia M Kuhnen & Stefan Nagel, 2020. "Socioeconomic Status and Macroeconomic Expectations," The Review of Financial Studies, Society for Financial Studies, vol. 33(1), pages 395-432.
    7. David Aikman & Julia Giese & Sujit Kapadia & Michael McLeay, 2023. "Targeting Financial Stability: Macroprudential or Monetary Policy?," International Journal of Central Banking, International Journal of Central Banking, vol. 19(1), pages 159-242, March.
    8. Kristian S. Blickle & Markus K. Brunnermeier & Stephan Luck, 2022. "Who Can Tell Which Banks Will Fail?," Staff Reports 1005, Federal Reserve Bank of New York.
    9. Christina Nicolas & Amine Tarazi & Gamze Ozturk Danisman, 2023. "Disentangling the effect of Trust on Bank Lending," Post-Print hal-04678219, HAL.
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    19. Tomas Mantecon & Adel Almomen & He Ren & Yi Zheng, 2023. "An analysis of the potential impact of heightened capital requirements on banks’ cost of capital," Journal of Financial Services Research, Springer;Western Finance Association, vol. 64(3), pages 325-368, December.
    20. Douglas de Medeiros Franco, 2022. "Expectations, Economic Uncertainty, and Sentiment," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 26(5), pages 210029-2100.
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    23. Kovács, Olivér, 2017. "Az ipar 4.0 komplexitása - II [The Complexity of Industry 4.0 - Part 2]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 970-987.
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    26. Payzan-LeNestour, Elise & Pradier, Lionnel & Putniņš, Tālis J., 2023. "Biased risk perceptions: Evidence from the laboratory and financial markets," Journal of Banking & Finance, Elsevier, vol. 154(C).
    27. Dim, Chukwuma & Koerner, Kevin & Wolski, Marcin & Zwart, Sanne, 2022. "Hot off the press: News-implied sovereign default risk," EIB Working Papers 2022/06, European Investment Bank (EIB).
    28. Annicchiarico, Barbara & Surricchio, Silvia & Waldmann, Robert J., 2019. "A behavioral model of the credit cycle," Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 53-83.
    29. Douglas W. Diamond & Yunzhi Hu & Raghuram G. Rajan, 2017. "Pledgeability, Industry Liquidity, and Financing Cycles," NBER Working Papers 23055, National Bureau of Economic Research, Inc.
    30. Christophe Blot & Paul Hubert & Fabien Labondance, 2020. "The asymmetric effects of monetary policy on stock price bubbles," Documents de Travail de l'OFCE 2020-12, Observatoire Francais des Conjonctures Economiques (OFCE).
    31. Gilbert Colletaz & Grégory Levieuge & Alexandra Popescu, 2018. "Monetary policy and long-run systemic risk-taking," Post-Print hal-02162296, HAL.
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    33. Sercin Sahin, 2021. "Consumer confidence, consumption, and macroeconomic fluctuations: A systemic stock‐flow consistent model," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 868-904, November.
    34. Selim KAYHAN & Tayfur BAYAT, 2023. "Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(636), A), pages 323-332, Autumn.
    35. Anjan V. Thakor, 2023. "Finance research: What are the new frontiers?," The Financial Review, Eastern Finance Association, vol. 58(3), pages 453-462, August.
    36. Christian Hecker, 2021. "How Should Responsible Investors Behave? Keynes’s Distinction Between Entrepreneurship and Speculation Revisited," Journal of Business Ethics, Springer, vol. 171(3), pages 459-473, July.
    37. Iuliia Brushko & Stephen P. Ferris & Jan Hanousek & Jiri Tresl, 2020. "Intra-Industry Transfer of Information Inferred From Trading Volume," CERGE-EI Working Papers wp663, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    38. João Granja & Christian Leuz & Raghuram G. Rajan, 2022. "Going the Extra Mile: Distant Lending and Credit Cycles," Journal of Finance, American Finance Association, vol. 77(2), pages 1259-1324, April.
    39. Huang, Qiubin & de Haan, Jakob & Scholtens, Bert, 2020. "Does bank capitalization matter for bank stock returns?," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    40. Taneli M�kinen & Lucio Sarno & Gabriele Zinna, 2019. "Risky bank guarantees," Temi di discussione (Economic working papers) 1232, Bank of Italy, Economic Research and International Relations Area.
    41. Xavier Giroud & Holger M. Mueller, 2018. "Firm Leverage and Regional Business Cycles," NBER Working Papers 25325, National Bureau of Economic Research, Inc.
    42. Kabundi, Alain & De Simone, Francisco Nadal, 2022. "Euro area banking and monetary policy shocks in the QE era," Journal of Financial Stability, Elsevier, vol. 63(C).
    43. Feng Min & Fenghua Wen & Jiayu Xu & Nan Wu, 2023. "Credit supply, house prices, and financial stability," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2088-2108, April.
    44. Olivier Mesly & David W. Shanafelt & Nicolas Huck, 2021. "Dysfunctional Markets: A Spray of Prey Perspective," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(3), pages 797-819, July.
    45. Bazzana, Davide & Colturato, Michele & Savona, Roberto, 2021. "Learning about Unprecedented Events: Agent-Based Modelling and the Stock Market Impact of COVID-19," FEEM Working Papers 314928, Fondazione Eni Enrico Mattei (FEEM).
    46. Manuel Buchholz & Lena Tonzer & Julian Berner, 2022. "Firm‐specific forecast errors and asymmetric investment propensity," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 764-793, April.
    47. Bazzana, Davide & Colturato, Michele & Savona, Roberto, 2023. "Learning about unprecedented events: Agent-based modelling and the stock market impact of COVID-19," Finance Research Letters, Elsevier, vol. 56(C).
    48. Viral V. Acharya & Stephen G. Ryan, 2016. "Banks’ Financial Reporting and Financial System Stability," Journal of Accounting Research, Wiley Blackwell, vol. 54(2), pages 277-340, May.
    49. Wu, Ying, 2019. "Asset pricing with extreme liquidity risk," Journal of Empirical Finance, Elsevier, vol. 54(C), pages 143-165.
    50. Tao Chen & Erin P. K. So & Isabel K. M. Yan, 2021. "Are crises sentimental?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 962-985, January.
    51. Douglas W. Diamond & Yunzhi Hu & Raghuram G. Rajan, 2021. "Liquidity, Pledgeability, and the Nature of Lending," Working Papers 2021-09, Becker Friedman Institute for Research In Economics.
    52. Barrios, John M. & Hochberg, Yael V., 2021. "Risk perceptions and politics: Evidence from the COVID-19 pandemic," Journal of Financial Economics, Elsevier, vol. 142(2), pages 862-879.
    53. Teeple, Keisuke, 2023. "Surprise and default in general equilibrium," Theoretical Economics, Econometric Society, vol. 18(4), November.
    54. Kovacs, Oliver, 2018. "The dark corners of industry 4.0 – Grounding economic governance 2.0," Technology in Society, Elsevier, vol. 55(C), pages 140-145.
    55. Song, Zheng (Michael) & Xiong, Wei, 2018. "Risks in China's financial system," BOFIT Discussion Papers 1/2018, Bank of Finland Institute for Emerging Economies (BOFIT).
    56. Herculano, Miguel C. & Lütkebohmert, Eva, 2023. "Investor sentiment and global economic conditions," Journal of Empirical Finance, Elsevier, vol. 73(C), pages 134-152.
    57. Favero, Carlo A. & Melone, Alessandro, 2020. "Asset Pricing vs Asset Expected Returning in Factor-Portfolio Models," CEPR Discussion Papers 14417, C.E.P.R. Discussion Papers.
    58. Victoria Ivashina & Boris Vallee, 2020. "Weak Credit Covenants," NBER Working Papers 27316, National Bureau of Economic Research, Inc.
    59. Christian Beer & Janine Maniora & Christiane Pott, 2023. "COVID-19 pandemic and capital markets: the role of government responses," Journal of Business Economics, Springer, vol. 93(1), pages 11-57, January.
    60. Olivér Kovács, 2019. "Grounding Complexity Economics in Framing Modern Governance," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 571-594, December.
    61. Priti Mendiratta ARORA & Hema KAPUR & Ananya Ghosh DASTIDAR, 2023. "Credit, housing prices, expectations, and the macroeconomy. Evidence from developed and developing countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(636), A), pages 165-182, Autumn.
    62. Gilbert COLLETAZ & Grégory LEVIEUGE & Alexandra POPESCU, 2016. "Monetary Policy and Long-Run Risk-Taking," LEO Working Papers / DR LEO 2409, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    63. Kamiya, Shinichi & Kang, Jun-Koo & Kim, Jungmin & Milidonis, Andreas & Stulz, René M., 2021. "Risk management, firm reputation, and the impact of successful cyberattacks on target firms," Journal of Financial Economics, Elsevier, vol. 139(3), pages 719-749.
    64. Victor Dragotă & Camelia Delcea, 2019. "How Long Does It Last to Systematically Make Bad Decisions? An Agent-Based Application for Dividend Policy," JRFM, MDPI, vol. 12(4), pages 1-34, November.
    65. Johnson, Samuel G. B., 2019. "Toward a cognitive science of markets: Economic agents as sense-makers," Economics Discussion Papers 2019-10, Kiel Institute for the World Economy (IfW Kiel).
    66. Thakor, Anjan V., 2016. "The highs and the lows: A theory of credit risk assessment and pricing through the business cycle," Journal of Financial Intermediation, Elsevier, vol. 25(C), pages 1-29.
    67. Song, Fenghua & Thakor, Anjan V., 2019. "Bank culture," Journal of Financial Intermediation, Elsevier, vol. 39(C), pages 59-79.
    68. Douglas W. Diamond & Yunzhi Hu & Raghuram G. Rajan, 2020. "The Spillovers from Easy Liquidity and the Implications for Multilateralism," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 4-34, March.
    69. Eduardo C. Castro, 2020. "RegGae: a toolkit for macroprudential policy with DSGEs," Working Papers Series 526, Central Bank of Brazil, Research Department.
    70. Damiano Bruno Silipo & Giovanni Verga & Sviatlana Hlebik, 2017. "Confidence And Overconfidence In Banking," Working Papers 201703, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    71. Gene Ambrocio, 2020. "Rational exuberance booms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 35, pages 263-282, January.
    72. Buchholz, Manuel & Tonzer, Lena & Berner, Julian, 2016. "Asymmetric Investment Responses to Firm-Specific Uncertainty," VfS Annual Conference 2016 (Augsburg): Demographic Change 145563, Verein für Socialpolitik / German Economic Association.
    73. Andrew G. Haldane, 2015. "Multi-Polar Regulation," International Journal of Central Banking, International Journal of Central Banking, vol. 11(3), pages 385-401, June.
    74. Lotfi, Somayyeh & Milidonis, Andreas & Zenios, Stavros A., 2024. "Mispricing of debt expansion in the eurozone sovereign credit market," Journal of Financial Stability, Elsevier, vol. 70(C).
    75. Payzan-LeNestour, Elise & Woodford, Michael, 2022. "Outlier blindness: A neurobiological foundation for neglect of financial risk," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1316-1343.
    76. Enrico Perotti & Magdalena Rola-Janicka, 2022. "The Good, the Bad, and the Missed Boom," The Review of Financial Studies, Society for Financial Studies, vol. 35(11), pages 5025-5056.
    77. Kovács, Olivér, 2024. "A reziliencia metamorfózisa [The metamorphosis of resilience]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 408-443.

  22. Nicola Gennaioli & Giacomo A. M. Ponzetto, 2015. "Contract Innovation and Legal Evolution under Imperfect Enforcement," Working Papers 836, Barcelona School of Economics.

    Cited by:

    1. Luca Anderlini & Leonardo Felli & Alessandro Riboni, 2018. "Legal Efficiency and Consistency," Working Papers gueconwpa~18-18-12, Georgetown University, Department of Economics.

  23. Giacomo A.M. Ponzetto & Nicola Gennaioli, 2015. "Optimally Vague Contracts and the Law," Working Papers 747, Barcelona School of Economics.

    Cited by:

    1. D'Acunto, Francesco & Xie, Jin & Yao, Jiaquan, 2022. "Trust and contracts: Empirical evidence," LawFin Working Paper Series 32, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    2. Luca Anderlini & Leonardo Felli & Alessandro Riboni, 2018. "Legal Efficiency and Consistency," Working Papers gueconwpa~18-18-12, Georgetown University, Department of Economics.
    3. Gülen Karakoç & Marco Pagnozzi & Salvatore Piccolo, 2017. "The Value of Transparency in Dynamic Contracting with Entry," CSEF Working Papers 482, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    4. Elias Tsakas & Nikolas Tsakas, 2018. "Noisy Persuasion," University of Cyprus Working Papers in Economics 11-2018, University of Cyprus Department of Economics.
    5. Tangerås, Thomas & Gick, Wolfgang, 2021. "Contracting with Endogenously Incomplete Commitment: Escape Clauses," Working Paper Series 1390, Research Institute of Industrial Economics.
    6. Francesco D'Acunto & Jin Xie & Jiaquan Yao, 2020. "Trust and Contracts: Empirical Evidence," CESifo Working Paper Series 8714, CESifo.

  24. Bordalo, Pedro & Gennaioli, Nicola & Shleifer, Andrei, 2015. "Salience Theory of Judicial Decisions," Scholarly Articles 27814561, Harvard University Department of Economics.

    Cited by:

    1. Chen, Daniel L. & Philippe, Arnaud, 2023. "Clash of norms judicial leniency on defendant birthdays," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 324-344.
    2. Tommaso Colussi & Ingo Isphording & Nico Pestel, 2019. "Minority Salience and Political Extremism," DISCE - Working Papers del Dipartimento di Economia e Finanza def080, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    3. Simone Bertoli & Morgane Laouenan & Jérôme Valette, 2023. "Border Apprehensions and Federal Sentencing of Hispanic Citizens in the United States," Post-Print hal-04037504, HAL.
    4. Chen, Daniel L. & Philippe, Arnaud, 2018. "Clash of norms: Judicial leniency on defendant birthdays," TSE Working Papers 18-934, Toulouse School of Economics (TSE).
    5. Daniel L. Chen & Tobias J. Moskowitz & Kelly Shue, 2016. "Decision Making Under the Gambler’s Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(3), pages 1181-1242.
    6. Cakici, Nusret & Zaremba, Adam, 2022. "Salience theory and the cross-section of stock returns: International and further evidence," Journal of Financial Economics, Elsevier, vol. 146(2), pages 689-725.
    7. Dertwinkel-Kalt, Markus & Wenzel, Tobias, 2017. "Focusing and framing of risky alternatives," DICE Discussion Papers 279, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    8. Chen, Daniel L. & Prescott, J.J., 2016. "Implicit Egoism in Sentencing Decisions: First Letter Name Effects with Randomly Assigned Defendants," TSE Working Papers 16-726, Toulouse School of Economics (TSE).
    9. Desai, Pranav, 2021. "Essays in corporate finance and innovation," Other publications TiSEM 1ef5fdc6-9c52-43df-be1a-d, Tilburg University, School of Economics and Management.
    10. Kontek, Krzysztof, 2016. "A critical note on Salience Theory of choice under risk," Economics Letters, Elsevier, vol. 149(C), pages 168-171.
    11. Adrian Bruhin & Maha Manai & Luis Santos-Pinto, 2019. "Risk and Rationality:The Relative Importance of Probability Weighting and Choice Set Dependence," Cahiers de Recherches Economiques du Département d'économie 19.05, Université de Lausanne, Faculté des HEC, Département d’économie.
    12. Fochmann, Martin & Wolf, Nadja, 2019. "Framing and salience effects in tax evasion decisions – An experiment on underreporting and overdeducting," Journal of Economic Psychology, Elsevier, vol. 72(C), pages 260-277.
    13. Greg Chih-Hsin Sheen & Hans H. Tung & Chien-Huei Wu & Wen-Chin Wu, 2023. "WHO approves? Relative trust, the WHO, and China’s COVID-19 vaccines," The Review of International Organizations, Springer, vol. 18(3), pages 499-521, July.
    14. Kadziński, Miłosz & Ghaderi, Mohammad & Dąbrowski, Maciej, 2020. "Contingent preference disaggregation model for multiple criteria sorting problem," European Journal of Operational Research, Elsevier, vol. 281(2), pages 369-387.
    15. Cosemans, Mathijs & Frehen, Rik, 2021. "Salience theory and stock prices: Empirical evidence," Journal of Financial Economics, Elsevier, vol. 140(2), pages 460-483.
    16. Christoph Engel, 2022. "Judicial Decision-Making. A Survey of the Experimental Evidence," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2022_06, Max Planck Institute for Research on Collective Goods.
    17. Zhang, Manqing & Ma, Yao & Yang, Baochen & Fan, Ying, 2024. "The change in salience and the cross-section of stock returns: Empirical evidence from China A-shares," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    18. Ben Chen & José A. Rodrigues-Neto, 2023. "The interaction of emotions and cost-shifting rules in civil litigation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(3), pages 841-885, April.
    19. Egan, Mark & Matvos, Gregor & Seru, Amit, 2018. "Arbitration with Uninformed Consumers," Research Papers 3768, Stanford University, Graduate School of Business.
    20. Friehe, Tim & Pham, Cat Lam, 2020. "Products liability when consumers are salient thinkers," Economics Letters, Elsevier, vol. 186(C).
    21. Markus Dertwinkel‐Kalt & Mats Köster, 2022. "Attention to online sales: The role of brand image concerns," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(1), pages 64-89, February.
    22. Elliott Ash & Daniel L. Chen & Suresh Naidu, 2022. "Ideas Have Consequences : The Impact of Law and Economics on American Justice," Working Papers hal-03899739, HAL.
    23. Eyal Aharoni & Heather M Kleider-Offutt & Sarah F Brosnan & Sharlene Fernandes, 2020. "Slippery scales: Cost prompts, but not benefit prompts, modulate sentencing recommendations in laypeople," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-17, July.
    24. Balart, Pau, 2021. "Semiorder preferences and price-oriented buyers in a Hotelling model," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 394-407.
    25. Verhagen, Mark D. & Yam, Julius, 2021. "The law of attraction: How similarity between judges and lawyers helps win cases in the Hong Kong Court of Final Appeal," International Review of Law and Economics, Elsevier, vol. 65(C).
    26. Eric Cardella & Carl Kitchens, 2017. "The impact of award uncertainty on settlement negotiations," Experimental Economics, Springer;Economic Science Association, vol. 20(2), pages 333-367, June.
    27. Edward John Dorrell Webb, 2014. "Do we see monopoly or duopoly? The influence of perception on entry deterrence," Discussion Papers 14-20, University of Copenhagen. Department of Economics.
    28. Bernardo Guimaraes & Bruno Meyerhof Salama, 2023. "Permitting Prohibitions," The Journal of Legal Studies, University of Chicago Press, vol. 52(1), pages 241-271.
    29. Balasubramaniam, Vimal & Bhatiya, Apurav Yash & Das, Sabyasachi, 2020. "Synchronized Elections, Voter Behavior and Governance Outcomes: Evidence from India," CAGE Online Working Paper Series 485, Competitive Advantage in the Global Economy (CAGE).
    30. Bernardo Guimaraes & Bruno Meyerhof Salama, 2017. "Contingent Judicial Deference: theory and application to usury laws," Discussion Papers 1729, Centre for Macroeconomics (CFM).
    31. Königsheim, C. & Lukas, M. & Nöth, M., 2019. "Salience theory: Calibration and heterogeneity in probability distortion," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 477-495.
    32. Edward J. Webb, 2014. "Perception and quality choice in vertically differentiated markets," Discussion Papers 14-07, University of Copenhagen. Department of Economics.
    33. Chen, Daniel L. & Moskowitz, Tobias J. & Shue, Kelly, 2016. "Decision-Making Under the Gambler’s Fallacy: Evidence From Asylum Courts, Loan Officers, and Baseball Umpires," IAST Working Papers 16-43, Institute for Advanced Study in Toulouse (IAST).
    34. Chen, Rongxin & Lepori, Gabriele M. & Tai, Chung-Ching & Sung, Ming-Chien, 2022. "Can salience theory explain investor behaviour? Real-world evidence from the cryptocurrency market," International Review of Financial Analysis, Elsevier, vol. 84(C).
    35. Monika Stachowiak-Kudła & Janusz Kudła, 2022. "Path dependence in administrative adjudication: the role played by legal tradition," Constitutional Political Economy, Springer, vol. 33(3), pages 301-325, September.
    36. Bakó, Barna & Neszveda, Gábor, 2020. "The Achilles’ heel of Salience theory and a way to fix it," Economics Letters, Elsevier, vol. 193(C).
    37. Liu, Chelsea, 2020. "Judge political affiliation and impacts of corporate environmental litigation," Journal of Corporate Finance, Elsevier, vol. 64(C).
    38. Guimaraesy, Bernardo & Meyerhof Salama, Bruno, 2017. "Contingent judicial deference: theory and application to usury laws," LSE Research Online Documents on Economics 86146, London School of Economics and Political Science, LSE Library.
    39. Hu, Shiyang & Xiang, Cheng & Quan, Xiaofeng, 2023. "Salience theory and mutual fund flows: Empirical evidence from China," Emerging Markets Review, Elsevier, vol. 54(C).
    40. Qinghui Xu & Xiangfeng Ji, 2020. "User Equilibrium Analysis Considering Travelers’ Context-Dependent Route Choice Behavior on the Risky Traffic Network," Sustainability, MDPI, vol. 12(17), pages 1-25, August.
    41. Chen, Daniel L., 2024. "Priming ideology I: Why do presidential elections affect U.S. judges," European Economic Review, Elsevier, vol. 169(C).
    42. Mungan, Murat C., 2019. "Salience and the severity versus the certainty of punishment," International Review of Law and Economics, Elsevier, vol. 57(C), pages 95-100.

  25. Shleifer, Andrei & Vishny, Robert & Gennaioli, Nicola, 2014. "Finance and the Preservation of Wealth," CEPR Discussion Papers 9890, C.E.P.R. Discussion Papers.

    Cited by:

    1. Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2015. "Trade, Finance and Endogenous Firm Heterogeneity," Working Papers 863, Barcelona School of Economics.
    2. Strömberg, Per & Metzger, Daniel & Böhm, Michael, 2018. "“Since you’re so rich, you must be really smart†: Talent and the Finance Wage Premium," CEPR Discussion Papers 12711, C.E.P.R. Discussion Papers.
    3. Massa, Massimo & li, zhe & xu, niahang & Zhang, Hong, 2016. "The Impact of Sin Culture: Evidence from Earning Management and Alcohol Consumption in China," CEPR Discussion Papers 11475, C.E.P.R. Discussion Papers.
    4. Barattieri, Alessandro & Eden, Maya & Stevanovi, Dalibor, 2013. "The connection between Wall Street and Main Street : measurement and implications for monetary policy," Policy Research Working Paper Series 6667, The World Bank.
    5. Braun, Benjamin, 2021. "From exit to control: The structural power of finance under asset manager capitalism," SocArXiv 4uesc, Center for Open Science.
    6. Hitzemann, Steffen & Sokolinski, Stanislav & Tai, Mingzhu, 2022. "Paying for beta: Leverage demand and asset management fees," Journal of Financial Economics, Elsevier, vol. 145(1), pages 105-128.
    7. Thomas Philippon, 2012. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," NBER Working Papers 18077, National Bureau of Economic Research, Inc.
    8. Yang Sun, 2021. "Index Fund Entry and Financial Product Market Competition," Management Science, INFORMS, vol. 67(1), pages 500-523, January.
    9. Kirill Shakhnov, 2022. "The Allocation of Talent: Finance versus Entrepreneurship," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 161-195, October.
    10. Josef Falkinger & Sabrina Studer & Yingnan Zhao, 2015. "Explaining structural change towards and within the financial sector," ECON - Working Papers 206, Department of Economics - University of Zurich.
    11. MADSEN, Jakob B, 2018. "Is Inequality Increasing in r-g? The Dynamics of Capital’s Income Share in the UK, 1210-2013," Discussion paper series HIAS-E-70, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    12. Nikolai Roussanov & Hongxun Ruan & Yanhao Wei, 2018. "Marketing Mutual Funds," NBER Working Papers 25056, National Bureau of Economic Research, Inc.
    13. Pedro Salas-Rojo & Juan Gabriel Rodríguez, 2021. "The distribution of wealth in Spain and the USA: the role of socioeconomic factors," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 12(3), pages 389-421, September.
    14. Marcel Prokopczuk & Francesco D'Acunto & Michael Weber, 2015. "Distrust in Finance Lingers: Jewish Persecution and Households' Investments," 2015 Meeting Papers 26, Society for Economic Dynamics.
    15. Langfield, Sam & Pagano, Marco, 2015. "Bank bias in Europe: effects on systemic risk and growth," Working Paper Series 1797, European Central Bank.
    16. Frost, Jon & van Stralen, René, 2018. "Macroprudential policy and income inequality," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 278-290.
    17. Michael Böhm & Daniel Metzger & Per Strömberg, 2022. "“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium," ECONtribute Discussion Papers Series 147, University of Bonn and University of Cologne, Germany.
    18. Raphaël Franck, 2022. "Labor Scarcity, Technology Adoption and Innovation: Evidence from the Cholera Pandemics in 19th Century France," CESifo Working Paper Series 9528, CESifo.
    19. Eleonora Patacchini & Edoardo Rainone, 2017. "Social ties and the demand for financial services," Temi di discussione (Economic working papers) 1115, Bank of Italy, Economic Research and International Relations Area.
    20. Guillaume Bazot, 2024. "Deregulation and Financial Intermediation Cost: An International Comparison," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(5), pages 1129-1161, August.
    21. GUNJI Hiroshi & ONO Arito & SHIZUME Masato & UCHIDA Hirofumi & YASUDA Yukihiro, 2023. "Unit Cost of Financial Intermediation in Japan, 1954 - 2020," Discussion papers 23076, Research Institute of Economy, Trade and Industry (RIETI).
    22. Liu, Guanchun & Liu, Yuanyuan & Zhang, Chengsi, 2021. "Human capital in the financial sector and corporate debt maturity," China Economic Review, Elsevier, vol. 69(C).
    23. Massa, Massimo & Zhang, Jian & ,, 2015. "Investing in Low-Trust Countries: Trust in the Global Mutual Fund Industry," CEPR Discussion Papers 10472, C.E.P.R. Discussion Papers.
    24. Yu You & Xiaoying Hu & Zongye Huang, 2024. "Macroprudential policies, capital controls, and income inequality," Review of International Economics, Wiley Blackwell, vol. 32(4), pages 1824-1867, September.
    25. Zingales, Luigi, 2015. "Does Finance Benefit Society?," CEPR Discussion Papers 10350, C.E.P.R. Discussion Papers.
    26. Boris Cournède & Oliver Denk & Peter Hoeller, 2015. "Finance and Inclusive Growth," OECD Economic Policy Papers 14, OECD Publishing.
    27. Thomas Philippon, 2014. "Efficiency and Benefit-Cost Analysis of the Financial System," The Journal of Legal Studies, University of Chicago Press, vol. 43(S2), pages 107-120.
    28. Pedro Salas-Rojo & Juan Gabriel Rodríguez, 2019. "The distribution of wealth in the U.S. and Spain: the role of socio-economic factors," Working Papers 506, ECINEQ, Society for the Study of Economic Inequality.
    29. Kannan Perumal, 2021. "Rent seeking, supervisor approvals and conventional corruption control approach—an Indian experience," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 23(2), pages 357-376, December.
    30. Böhm, Michael Johannes & Metzger, Daniel & Strömberg, Per, 2022. "'Since You're So Rich, You Must Be Really Smart': Talent, Rent Sharing, and the Finance Wage Premium," IZA Discussion Papers 15337, Institute of Labor Economics (IZA).

  26. Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert W., 2014. "Money Doctors," Scholarly Articles 12965657, Harvard University Department of Economics.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2015. "Money Doctors," Journal of Finance, American Finance Association, vol. 70(1), pages 91-114, February.
    • Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2012. "Money Doctors," NBER Working Papers 18174, National Bureau of Economic Research, Inc.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money Doctors," Working Papers 464, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, "undated". "Money Doctors," Working Paper 228501, Harvard University OpenScholar.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, "undated". "Money Doctors," Working Paper 69721, Harvard University OpenScholar.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money doctors," Economics Working Papers 1355, Department of Economics and Business, Universitat Pompeu Fabra.

    Cited by:

    1. Nicolae B. Gârleanu & Lasse H. Pedersen, 2015. "Efficiently Inefficient Markets for Assets and Asset Management," NBER Working Papers 21563, National Bureau of Economic Research, Inc.
    2. Axel Stahmer, 2015. "Fund flows inducing mispricing of risk in competitive financial markets," ESMT Research Working Papers ESMT-15-04, ESMT European School of Management and Technology.
    3. Savov, Alexi, 2014. "The price of skill: Performance evaluation by households," Journal of Financial Economics, Elsevier, vol. 112(2), pages 213-231.
    4. Célérier, Claire & Vallée, Boris, 2016. "Catering to investors through product complexity," ESRB Working Paper Series 14, European Systemic Risk Board.
    5. Taffler, Richard J. & Spence, Crawford & Eshraghi, Arman, 2017. "Emotional economic man: Calculation and anxiety in fund management," Accounting, Organizations and Society, Elsevier, vol. 61(C), pages 53-67.
    6. Gregor Matvos & Amit Seru & Mark Egan, 2016. "The Market for Financial Adviser Misconduct," 2016 Meeting Papers 516, Society for Economic Dynamics.
    7. Stephen Foerster & Juhani T. Linnainmaa & Brian T. Melzer & Alessandro Previtero, 2014. "Retail Financial Advice: Does One Size Fit All?," NBER Working Papers 20712, National Bureau of Economic Research, Inc.
    8. Kaniel, Ron & Ibert, Markus & Van Nieuwerburgh, Stijn & Vestman, Roine, 2017. "Are Mutual Fund Managers Paid For Investment Skill?," CEPR Discussion Papers 12241, C.E.P.R. Discussion Papers.
    9. Massa, Massimo & li, zhe & xu, niahang & Zhang, Hong, 2016. "The Impact of Sin Culture: Evidence from Earning Management and Alcohol Consumption in China," CEPR Discussion Papers 11475, C.E.P.R. Discussion Papers.
    10. Thomas M. Eisenbach & Martin C. Schmalz, 2013. "Anxiety in the face of risk," Staff Reports 610, Federal Reserve Bank of New York.
    11. Ugo Panizza, 2015. "Billions on the Sidewalk: Improving Savings by Reducing Investment Mistakes," IHEID Working Papers 18-2015, Economics Section, The Graduate Institute of International Studies.
    12. Riccardo Calcagno & Maela Giofré & Maria Cesira Urzi-Brancati, 2017. "To trust is good, but to control is better : How investors discipline financial advisors’ activity," Post-Print hal-02312048, HAL.
    13. Papanastasopoulos, Georgios A. & Tsiritakis, Emmanuel, 2015. "The accrual anomaly in Europe: The role of accounting distortions," International Review of Financial Analysis, Elsevier, vol. 41(C), pages 176-185.
    14. Söderlind, Paul & Dahlquist, Magnus & Martinez, José Vicente, 2012. "Individual Investor Activity and Performance," CEPR Discussion Papers 8744, C.E.P.R. Discussion Papers.
    15. Marco Di Maggio & Francesco Franzoni & Amir Kermani & Carlo Sommavilla, 2017. "The Relevance of Broker Networks for Information Diffusion in the Stock Market," NBER Working Papers 23522, National Bureau of Economic Research, Inc.
    16. Ariadna Dumitrescu & Javier Gil-Bazo, 2015. "Familiarity and Competition: The Case of Mutual Funds," Working Papers 815, Barcelona School of Economics.
    17. Thomas Philippon, 2016. "The FinTech Opportunity," NBER Working Papers 22476, National Bureau of Economic Research, Inc.
    18. Guiso, Luigi & Mistrulli, Paolo Emilio & Gambacorta, Leonardo & Foà , Gabriele, 2015. "The supply side of household finance," CEPR Discussion Papers 10714, C.E.P.R. Discussion Papers.
    19. Zhi Da & Borja Larrain & Clemens Sialm & José Tessada, 2016. "Coordinated Noise Trading: Evidence from Pension Fund Reallocations," NBER Working Papers 22161, National Bureau of Economic Research, Inc.
    20. Lily Fang & Victoria Ivashina & Josh Lerner, 2013. "The Disintermediation of Financial Markets: Direct Investing in Private Equity," NBER Working Papers 19299, National Bureau of Economic Research, Inc.
    21. Thomas Philippon, 2012. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," NBER Working Papers 18077, National Bureau of Economic Research, Inc.
    22. Jesse Bricker & Geng Li, 2017. "Credit Scores, Social Capital, and Stock Market Participation," Finance and Economics Discussion Series 2017-008, Board of Governors of the Federal Reserve System (U.S.).
    23. David Hirshleifer & Chong Huang & Siew Hong Teoh, 2017. "Index Investing and Asset Pricing under Information Asymmetry and Ambiguity Aversion," NBER Working Papers 24143, National Bureau of Economic Research, Inc.
    24. Chunxin Jia & Yaping Wang & Wei Xiong, 2015. "Social Trust and Differential Reactions of Local and Foreign Investors to Public News," NBER Working Papers 21075, National Bureau of Economic Research, Inc.
    25. Hirshleifer, David, 2014. "Behavioral Finance," MPRA Paper 59028, University Library of Munich, Germany.
    26. A.M.J. Deetlefs & H. Bateman & L. Isabella Dobrescu & B.R. Newell & Andreas Ortmann & Susan Thorp, 2015. "Suspicious Minds (can be a good thing when saving for retirement)," Discussion Papers 2015-06A, School of Economics, The University of New South Wales.
    27. Paek, Miyoun & Ko, Kwangsoo, 2014. "Aggregate net flows, inflows, and outflows of equity funds: The U.S. versus Japan," Japan and the World Economy, Elsevier, vol. 32(C), pages 85-95.
    28. Francesco D'Acunto & Marcel Prokopczuk & Michael Weber & Michael Weber, 2017. "Historical Antisemitism, Ethnic Specialization, and Financial Development," CESifo Working Paper Series 6643, CESifo.
    29. Marcel Prokopczuk & Francesco D'Acunto & Michael Weber, 2015. "Distrust in Finance Lingers: Jewish Persecution and Households' Investments," 2015 Meeting Papers 26, Society for Economic Dynamics.
    30. Filipiak, Ute, 2016. "Trusting financial institutions: Out of reach, out of trust?," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 200-214.
    31. Pavlo Illiashenko, 2017. "Behavioral Finance: Household Investment and Borrowing Decisions," Visnyk of the National Bank of Ukraine, National Bank of Ukraine, issue 242, pages 28-48.
    32. Sendhil Mullainathan & Andrei Shleifer, 2005. "The Market for News," American Economic Review, American Economic Association, vol. 95(4), pages 1031-1053, September.
    33. Jin, Dawei & Wang, Haizhi & Wang, Peng & Yin, Desheng, 2016. "Social trust and foreign ownership: Evidence from qualified foreign institutional investors in China," Journal of Financial Stability, Elsevier, vol. 23(C), pages 1-14.
    34. Massa, Massimo & Zhang, Jian & ,, 2015. "Investing in Low-Trust Countries: Trust in the Global Mutual Fund Industry," CEPR Discussion Papers 10472, C.E.P.R. Discussion Papers.
    35. Jennifer Brown & Dylan Minor, 2015. "Misconduct in Financial Services: Differences across Organizations," Harvard Business School Working Papers 16-022, Harvard Business School.
    36. Joseph Gerakos & Juhani T. Linnainmaa & Adair Morse, 2016. "Asset Managers: Institutional Performance and Smart Betas," NBER Working Papers 22982, National Bureau of Economic Research, Inc.
    37. Bucciol, Alessandro & Zarri, Luca, 2017. "Do personality traits influence investors’ portfolios?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 1-12.
    38. Inderst, Roman & Hoffmann, Florian & Opp, Marcus, 2014. "Regulating Deferred Incentive Pay," CEPR Discussion Papers 9877, C.E.P.R. Discussion Papers.
    39. Gabaix, Xavier & Laibson, David & Li, Deyuan & Li, Hongyi & Resnick, Sidney & de Vries, Casper G., 2016. "The impact of competition on prices with numerous firms," Journal of Economic Theory, Elsevier, vol. 165(C), pages 1-24.
    40. Habib, Michel A. & Johnsen, D. Bruce, 2016. "The quality-assuring role of mutual fund advisory fees," International Review of Law and Economics, Elsevier, vol. 46(C), pages 1-19.
    41. Peijnenburg, Kim & Parise, Gianpaolo, 2017. "Understanding the Determinants of Financial Outcomes and Choices: The Role of Noncognitive Abilities," CEPR Discussion Papers 11900, C.E.P.R. Discussion Papers.
    42. Beckmann, Elisabeth & Mare, Davide Salvatore, 2017. "Formal and informal household savings: how does trust in financial institutions influence the choice of saving instruments?," MPRA Paper 81141, University Library of Munich, Germany.
    43. Liurui Deng & Zilan Liu, 2017. "One-period pricing strategy of ‘money doctors’ under cumulative prospect theory," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 16(2), pages 113-144, August.

  27. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2014. "Stereotypes," NBER Working Papers 20106, National Bureau of Economic Research, Inc.
    • Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, "undated". "Stereotypes," Working Paper 467407, Harvard University OpenScholar.
    • Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, "undated". "Stereotypes," Working Paper 373306, Harvard University OpenScholar.
    • Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, 2014. "Stereotypes," Working Paper 200246, Harvard University OpenScholar.

    Cited by:

    1. David Arnold & Will Dobbie & Crystal S Yang, 2018. "Racial Bias in Bail Decisions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1885-1932.
    2. Muriel Niederle, 2014. "Gender," NBER Working Papers 20788, National Bureau of Economic Research, Inc.
    3. Andrew Rendall & Michelle Rendall, 2014. "Math matters: education choices and wage inequality," ECON - Working Papers 160, Department of Economics - University of Zurich.
    4. Principe, Francesco & van Ours, Jan C., 2022. "Racial bias in newspaper ratings of professional football players," European Economic Review, Elsevier, vol. 141(C).

  28. Nicola Gennaioli & Rafael La Porta & Florencio Lopez de Silanes & Andrei Shleifer, 2013. "Growth in Regions," NBER Working Papers 18937, National Bureau of Economic Research, Inc.
    • Nicola Gennaioli & Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer, "undated". "Growth in Regions," Working Paper 73436, Harvard University OpenScholar.

    Cited by:

    1. Coscia, Michelle & Cheston, Timothy & Hausmann, Ricardo, 2017. "Institutions vs. Social Interactions in Driving Economic Convergence: Evidence from Colombia," Working Paper Series rwp17-014, Harvard University, John F. Kennedy School of Government.
    2. Van Reenen, John & Valero, Anna, 2016. "The Economic Impact of Universities: Evidence from Across the Globe," CEPR Discussion Papers 11462, C.E.P.R. Discussion Papers.
    3. Desmet, Klaus & Rappaport, Jordan, 2013. "The Settlement of the United States, 1800 to 2000: The Long Transition towards Gibrat's Law," CEPR Discussion Papers 9353, C.E.P.R. Discussion Papers.
    4. Zenou, Yves & Hodler, Roland & Raschky, Paul & Amarasinghe, Ashani, 2018. "Spatial Diffusion of Economic Shocks in Networks," CEPR Discussion Papers 12854, C.E.P.R. Discussion Papers.
    5. Emanuela Marrocu & Raffaele Paci & Stefano Usai, 2022. "Direct and indirect effects of universities on European regional productivity," Papers in Regional Science, Wiley Blackwell, vol. 101(5), pages 1105-1133, October.
    6. Ketterer, Tobias D. & Rodríguez-Pose, Andrés, 2018. "Institutions vs. ‘first-nature’ geography: what drives economic growth in Europe's regions?," LSE Research Online Documents on Economics 67544, London School of Economics and Political Science, LSE Library.
    7. Michael Jetter & Saskia Mösle & David Stadelmann, 2017. "Landlockedness and Economic Development: Analyzing Subnational Panel Data and Exploring Mechanisms," CESifo Working Paper Series 6733, CESifo.
    8. Hanna L. Adam & Mario Larch & David Stadelmann, 2023. "Trade agreements and subnational income of border regions," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 1034-1052, October.
    9. Giampaolo Lecce & Laura Ogliari, 2015. "Institutional Transplant and Cultural Proximity: Evidence from Nineteenth-Century Prussia," CESifo Working Paper Series 5652, CESifo.
    10. Nauro Campos & Fabrizio Coricelli & Luigi Moretti, 2015. "Norwegian Rhapsody? The Political Economy Benefits of Regional Integration," Working Papers halshs-01267252, HAL.
    11. Zhang, Xiaobei & Wang, Xiaojun, 2021. "Measures of human capital and the mechanics of economic growth," China Economic Review, Elsevier, vol. 68(C).
    12. Coricelli, Fabrizio & Campos, Nauro & Franceschi, Emanuele, 2021. "Institutional Integration and Productivity Growth: Evidence from the 1995 Enlargement of the European Union," CEPR Discussion Papers 16696, C.E.P.R. Discussion Papers.
    13. Christoph Eder, 2022. "Missing Men: Second World War Casualties and Structural Change," Economica, London School of Economics and Political Science, vol. 89(354), pages 437-460, April.
    14. Mauro, Luciano & Pigliaru, Francesco & Carmeci, Gaetano, 2018. "Decentralization and growth: Do informal institutions and rule of law matter?," Journal of Policy Modeling, Elsevier, vol. 40(5), pages 873-902.
    15. Wahl, Fabian & Pfeifer, Gregor & Marczak, Martyna, 2016. "Illuminating the World Cup Effect: Night Lights Evidence from South Africa," VfS Annual Conference 2016 (Augsburg): Demographic Change 145938, Verein für Socialpolitik / German Economic Association.
    16. Remi Jedwab & Daniel Pereira & Mark Roberts, 2019. "Cities of Workers, Children or Seniors? Age Structure and Economic Growth in a Global Cross-Section of Cities," Working Papers 2019-13, The George Washington University, Institute for International Economic Policy.
    17. Brülhart, Marius & Desmet, Klaus & Klinke, Gian-Paolo, 2019. "The Shrinking Advantage of Market Potential," CEPR Discussion Papers 14157, C.E.P.R. Discussion Papers.
    18. Christian Ochsner, 2017. "Dismantled once, diverged forever? A quasi-natural experiment of Red Army misdeeds in post-WWII Europe," ifo Working Paper Series 240, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    19. Tony Addison & Amadou Boly & Anthony Mveyange, 2017. "The impact of mining on spatial inequality: Recent evidence from Africa," WIDER Working Paper Series wp-2017-13, World Institute for Development Economic Research (UNU-WIDER).
    20. Juan Pablo Chauvin & Edward Glaeser & Yueran Ma & Kristina Tobio, 2016. "What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States," NBER Working Papers 22002, National Bureau of Economic Research, Inc.
    21. Ganong, Peter & Shoag, Daniel, 2017. "Why has regional income convergence in the U.S. declined?," Journal of Urban Economics, Elsevier, vol. 102(C), pages 76-90.
    22. Lessmann, Christian, 2014. "Spatial inequality and development — Is there an inverted-U relationship?," Journal of Development Economics, Elsevier, vol. 106(C), pages 35-51.
    23. Sarah J. Carrington & Pablo Jiménez‐Ayora, 2021. "Shedding light on the convergence debate: Using luminosity data to investigate economic convergence in Ecuador," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 200-227, February.
    24. Raffaela Giordano & Mr. Sergi Lanau & Pietro Tommasino & Petia Topalova, 2015. "Does Public Sector Inefficiency Constrain Firm Productivity: Evidence from Italian Provinces," IMF Working Papers 2015/168, International Monetary Fund.
    25. Sanghamitra Bandyopadhyay, 2021. "The persistence of inequality across Indian states: A time series approach," Review of Development Economics, Wiley Blackwell, vol. 25(3), pages 1150-1171, August.
    26. Schild, Johanna E.M. & Vermaat, Jan E. & de Groot, Rudolf S. & Quatrini, Simone & van Bodegom, Peter M., 2018. "A global meta-analysis on the monetary valuation of dryland ecosystem services: The role of socio-economic, environmental and methodological indicators," Ecosystem Services, Elsevier, vol. 32(PA), pages 78-89.
    27. Zhangkai Huang & Gordon M. Phillips & Jialun Yang & Yi Zhang, 2020. "Education and Innovation: The Long Shadow of the Cultural Revolution," NBER Working Papers 27107, National Bureau of Economic Research, Inc.
    28. Monastiriotis, Vassilis, 2014. "Regional growth and national development: transition in Central and Eastern Europe and the regional Kuznets curve in the East and the West," LSE Research Online Documents on Economics 56731, London School of Economics and Political Science, LSE Library.
    29. Lessmann, Christian & Seidel, André, 2017. "Regional inequality, convergence, and its determinants – A view from outer space," European Economic Review, Elsevier, vol. 92(C), pages 110-132.
    30. Nicoletta Corrocher & Camilla Lenzi & Marie-Louise Deshaires, 2020. "The curse of natural resources: an empirical analysis of European regions," Regional Studies, Taylor & Francis Journals, vol. 54(12), pages 1694-1708, December.
    31. Breinlich, Holger & Ottaviano, Gianmarco I P & Temple, Jonathan R, 2013. "Regional Growth and Regional Decline," Economics Discussion Papers 8977, University of Essex, Department of Economics.
    32. Massimiliano Affinito & Raffaele Santioni & Luca Tomassetti, 2023. "Inside household debt: disentangling mortgages and consumer credit, and household and bank factors. Evidence from Italy," Questioni di Economia e Finanza (Occasional Papers) 788, Bank of Italy, Economic Research and International Relations Area.
    33. Rodríguez-Pose, Andrés & Ketterer, Tobias, 2016. "Institutions vs. ‘First-Nature’ Geography – What Drives Economic Growth in Europe’s Regions?," CEPR Discussion Papers 11322, C.E.P.R. Discussion Papers.
    34. Anna Bruederle & Roland Hodler, 2018. "Nighttime lights as a proxy for human development at the local level," PLOS ONE, Public Library of Science, vol. 13(9), pages 1-22, September.
    35. Johannes C. Buggle, 2013. "Law and Social Capital: Evidence from the Code Napoleon in Germany," SOEPpapers on Multidisciplinary Panel Data Research 566, DIW Berlin, The German Socio-Economic Panel (SOEP).
    36. christoph Eder, 2016. "Missing Men:World War II Casualties and Structural Change," HiCN Working Papers 229, Households in Conflict Network.
    37. Bibhudutta Panda, 2017. "Schooling and productivity growth: evidence from a dual growth accounting application to U.S. states," Journal of Productivity Analysis, Springer, vol. 48(2), pages 193-221, December.
    38. Flögel, Franz & Hejnová, Tereza, 2021. "The effects of regional banks on economic resilience during the COVID-19 pandemic and the global financial crisis a cross-country comparison of the European countries," IAT Discussion Papers 21/01, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
    39. Sanghamitra Bandyopadhyay, 2016. "The persistence of inequality across Indian states," CSAE Working Paper Series 2016-26, Centre for the Study of African Economies, University of Oxford.
    40. Elisa Giannone, 2017. "Skill-Biased Technical Change and Regional Convergence," 2017 Meeting Papers 190, Society for Economic Dynamics.
    41. Silvapulle, Param & Fenech, Jean Pierre & Thomas, Alice & Brooks, Rob, 2016. "Determinants of sovereign bond yield spreads and contagion in the peripheral EU countries," Economic Modelling, Elsevier, vol. 58(C), pages 83-92.
    42. Bozhechkova Alexandra & Trunin Pavel & Sinelnikova-Muryleva Elena & Petrova Diana & Chentsov Alexander, 2018. "Building of monetary and currency markets models," Research Paper Series, Gaidar Institute for Economic Policy, issue 175P, pages 1-96.
    43. Mitze, Timo & Breidenbach, Philipp, 2018. "Economic integration and growth at the margin: A space-time incremental impact analysis," Ruhr Economic Papers 775, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    44. Daniel Oto-Peralías & Diego Romero-Ávila, 2016. "The economic consequences of the Spanish Reconquest: the long-term effects of Medieval conquest and colonization," Journal of Economic Growth, Springer, vol. 21(4), pages 409-464, December.
    45. Emenalo, Chukwunonye O. & Gagliardi, Francesca, 2020. "Is current institutional quality linked to legal origins and disease endowments? Evidence from Africa," Research in International Business and Finance, Elsevier, vol. 52(C).
    46. Dmitriy Aleksandrovich Izotov, 2018. "Economic Growth and the Trade of Russian Regions," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 92-114.
    47. Hanna L. Adam & Mario Larch & David Stadelmann, 2021. "Subnational Income Growth and International Border Effects," CESifo Working Paper Series 9100, CESifo.
    48. Angeles, Luis & Elizalde, Aldo, 2017. "Pre-colonial institutions and socioeconomic development: The case of Latin America," Journal of Development Economics, Elsevier, vol. 124(C), pages 22-40.

  29. Bordalo, Pedro & Gennaioli, Nicola & Shleifer, Andrei, 2013. "Salience and Asset Prices," Scholarly Articles 11688793, Harvard University Department of Economics.

    Cited by:

    1. Matyska, Branka, 2021. "Salience, systemic risk and spectral risk measures as capital requirements," Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
    2. Friehe, Tim & Pham, Cat Lam, 2020. "Settling with salience-biased defendants," Economics Letters, Elsevier, vol. 192(C).
    3. Bachi, Benjamin & Spiegler, Ran, 2014. "Buridanic Competition," Foerder Institute for Economic Research Working Papers 275793, Tel-Aviv University > Foerder Institute for Economic Research.
    4. Ramos, Sofia B. & Latoeiro, Pedro & Veiga, Helena, 2020. "Limited attention, salience of information and stock market activity," Economic Modelling, Elsevier, vol. 87(C), pages 92-108.
    5. Cai, Charlie X. & Zhao, Ran, 2024. "Salience theory and cryptocurrency returns," Journal of Banking & Finance, Elsevier, vol. 159(C).
    6. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Local Thinking and Skewness Preferences," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168303, Verein für Socialpolitik / German Economic Association.
    7. Niculaescu, Corina E. & Sangiorgi, Ivan & Bell, Adrian R., 2023. "Does personal experience with COVID-19 impact investment decisions? Evidence from a survey of US retail investors," International Review of Financial Analysis, Elsevier, vol. 88(C).
    8. Cakici, Nusret & Zaremba, Adam, 2022. "Salience theory and the cross-section of stock returns: International and further evidence," Journal of Financial Economics, Elsevier, vol. 146(2), pages 689-725.
    9. Feng He & Yaqian Feng & Lingbing Feng, 2023. "Social media information dissemination and corporate bad news hoarding," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 1503-1532, April.
    10. Dertwinkel-Kalt, Markus & Wenzel, Tobias, 2017. "Focusing and framing of risky alternatives," DICE Discussion Papers 279, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    11. Chen, Daniel L. & Prescott, J.J., 2016. "Implicit Egoism in Sentencing Decisions: First Letter Name Effects with Randomly Assigned Defendants," TSE Working Papers 16-726, Toulouse School of Economics (TSE).
    12. Kou, Shubo & Ma, Xiyuan, 2024. "From Gambling to Gaming: The Crowding Out Effect," Finance Research Letters, Elsevier, vol. 59(C).
    13. Kontek, Krzysztof, 2016. "A critical note on Salience Theory of choice under risk," Economics Letters, Elsevier, vol. 149(C), pages 168-171.
    14. Gianluca Cassese, 2014. "Option pricing in an imperfect world," Working Papers 277, University of Milano-Bicocca, Department of Economics, revised Jun 2014.
    15. Mohrschladt, Hannes, 2021. "The ordering of historical returns and the cross-section of subsequent returns," Journal of Banking & Finance, Elsevier, vol. 125(C).
    16. Markus Dertwinkel-Kalt & Johannes Kasinger & Dmitrij Schneider, 2024. "Skewness Preferences: Evidence from Online Poker," CESifo Working Paper Series 10977, CESifo.
    17. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Competition for Attention," Working Paper 76811, Harvard University OpenScholar.
    18. DELIS, Manthos & GALARIOTIS, Emilios & IOSIFIDI, Maria & MONNE, Jerome, 2023. "Poverty and seeking bank advice: Evidence from a survey experiment," Journal of Financial Stability, Elsevier, vol. 67(C).
    19. Thomas M. Eisenbach & Martin C. Schmalz, 2013. "Anxiety in the face of risk," Staff Reports 610, Federal Reserve Bank of New York.
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    1. Michel, Christian, 2017. "Market regulation of voluntary add-on contracts," International Journal of Industrial Organization, Elsevier, vol. 54(C), pages 239-268.
    2. Cai, Charlie X. & Zhao, Ran, 2024. "Salience theory and cryptocurrency returns," Journal of Banking & Finance, Elsevier, vol. 159(C).
    3. Kim, Duk Gyoo & Yoon, Yeochang, 2019. "A theory of FAQs: Public announcements with rational ignorance," Journal of Economic Behavior & Organization, Elsevier, vol. 158(C), pages 560-574.
    4. Célérier, Claire & Vallée, Boris, 2016. "Catering to investors through product complexity," ESRB Working Paper Series 14, European Systemic Risk Board.
    5. Gu, Yiquan & Rasch, Alexander & Wenzel, Tobias, 2020. "Consumer salience and quality provision in (un)regulated public service markets," ZEW Discussion Papers 20-087, ZEW - Leibniz Centre for European Economic Research.
    6. Marco Santorsola & Rocco Caferra & Andrea Morone, 2023. "The salience of informed risk: an experimental analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 51(9), pages 21-35, June.
    7. Edward J. D. Webb, 2017. "If It’s All the Same to You: Blurred Consumer Perception and Market Structure," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(1), pages 1-25, February.
    8. März, Oliver, 2019. "Competitive persuasive advertising under consumer loss aversion," Economics Letters, Elsevier, vol. 185(C).
    9. Quan Zheng & Xiajun Amy Pan & Janice E. Carrillo, 2019. "Probabilistic Selling for Vertically Differentiated Products with Salient Thinkers," Marketing Science, INFORMS, vol. 38(3), pages 442-460, May.
    10. Inderst, Roman & Obradovits, Martin, 2021. "Excessive Competition on Headline Prices," EconStor Preprints 253666, ZBW - Leibniz Information Centre for Economics.
    11. Michael Grubb, 2015. "Behavioral Consumers in Industrial Organization: An Overview," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 247-258, November.
    12. Dertwinkel-Kalt, Markus & Wenzel, Tobias, 2017. "Focusing and framing of risky alternatives," DICE Discussion Papers 279, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    13. Matteo Migheli & Giovanni Battista Ramello, 2018. "The market of academic attention," Scientometrics, Springer;Akadémiai Kiadó, vol. 114(1), pages 113-133, January.
    14. Gerasimou, Georgios & Papi, Mauro, 2015. "Oligopolistic Competition with Choice-Overloaded Consumers," MPRA Paper 68509, University Library of Munich, Germany.
    15. Shota Ichihashi & Byung-Cheol Kim, 2022. "Addictive Platforms," Staff Working Papers 22-16, Bank of Canada.
    16. Deck, Cary & Jahedi, Salar & Sheremeta, Roman, 2021. "On the consistency of cognitive load," European Economic Review, Elsevier, vol. 134(C).
    17. Christian Bach & Robert Edwards & Christian Jaag, 2023. "Postal Platform Pricing with Limited Consumer Attention," Working Papers 202318, University of Liverpool, Department of Economics.
    18. Sergei Guriev & Elias Papaioannou, 2022. "The Political Economy of Populism," Journal of Economic Literature, American Economic Association, vol. 60(3), pages 753-832, September.
    19. R. Emre Aytimur, 2023. "Salience and horizontal differentiation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(1), pages 60-86, February.
    20. Fochmann, Martin & Wolf, Nadja, 2019. "Framing and salience effects in tax evasion decisions – An experiment on underreporting and overdeducting," Journal of Economic Psychology, Elsevier, vol. 72(C), pages 260-277.
    21. Repetto, Luca & Solis, Alex, 2017. "The Price of Inattention: Evidence from the Swedish Housing Market," Working Paper Series 2017:10, Uppsala University, Department of Economics.
    22. Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2019. "Attention-driven demand for bonus contracts," European Economic Review, Elsevier, vol. 115(C), pages 1-24.
    23. David A. Harper, 2021. "Entrepreneurial aesthetics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 55-80, March.
    24. Lars J. Lefgren & Olga B. Stoddard & John E. Stovall, 2018. "Are Two Bads Better Than One? A Model of Sensory Limitations," NBER Working Papers 25060, National Bureau of Economic Research, Inc.
    25. Geoffroy de Clippel & Kfir Elias & Kareen Rozen, 2013. "Competing for Consumer Inattention," Cowles Foundation Discussion Papers 1901, Cowles Foundation for Research in Economics, Yale University.
    26. Chai, Sen & Menon, Anoop, 2019. "Breakthrough recognition: Bias against novelty and competition for attention," Research Policy, Elsevier, vol. 48(3), pages 733-747.
    27. Andersson, Ola & Ingebretsen Carlson, Jim & Wengström, Erik, 2016. "Differences Attract: An Experimental Study of Focusing in Economic Choice," Working Paper Series 1145, Research Institute of Industrial Economics.
    28. J. A. García & Rosa Rodriguez-Sánchez & J. Fdez-Valdivia, 2019. "Do the best papers have the highest probability of being cited?," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(3), pages 885-890, March.
    29. Perroni, Carlo & Scharf, Kimberley & Talavera, Oleksandr & Vi, Linh, 2022. "Does online salience predict charitable giving? Evidence from SMS text donations," Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 134-149.
    30. Hoem Sjursen, Ingrid, 2018. "Accountability and taxation: Experimental evidence," Discussion Paper Series in Economics 24/2018, Norwegian School of Economics, Department of Economics.
    31. Chen Lian & Yueran Ma & Carmen Wang, 2019. "Low Interest Rates and Risk-Taking: Evidence from Individual Investment Decisions," The Review of Financial Studies, Society for Financial Studies, vol. 32(6), pages 2107-2148.
    32. Saur, Marc P. & Schlatterer, Markus G. & Schmitt, Stefanie Y., 2022. "Limited perception and price discrimination in a model of horizontal product differentiation," Games and Economic Behavior, Elsevier, vol. 134(C), pages 151-168.
    33. Ben-David, Itzhak & Franzoni, Francesco A. & Kim, Byungwook & Moussawi, Rabih, 2021. "Competition for Attention in the ETF Space," Working Paper Series 2021-01, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    34. Herweg, Fabian & Müller, Daniel & Weinschenk, Philipp, 2017. "Salience, competition, and decoy goods," Economics Letters, Elsevier, vol. 153(C), pages 28-31.
    35. Belmonte, Alessandro & Rochlitz, Michael, 2019. "The political economy of collective memories: Evidence from Russian politics," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 229-250.
    36. Dertwinkel-Kalt, Markus & Köster, Mats, 2019. "Salience and skewness preferences," DICE Discussion Papers 310, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    37. Burkovskaya, Anastasia, 2017. "A Model of State Aggregation," Working Papers 2017-12, University of Sydney, School of Economics.
    38. Ian Chadd & Emel Filiz-Ozbay & Erkut Y. Ozbay, 2021. "The relevance of irrelevant information," Experimental Economics, Springer;Economic Science Association, vol. 24(3), pages 985-1018, September.
    39. Friehe, Tim & Pham, Cat Lam, 2020. "Products liability when consumers are salient thinkers," Economics Letters, Elsevier, vol. 186(C).
    40. Markus Dertwinkel‐Kalt & Mats Köster, 2022. "Attention to online sales: The role of brand image concerns," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(1), pages 64-89, February.
    41. Xavier Gabaix, 2017. "Behavioral Inattention," NBER Working Papers 24096, National Bureau of Economic Research, Inc.
    42. Michael D. Grubb, 2015. "Failing to Choose the Best Price: Theory, Evidence, and Policy," Boston College Working Papers in Economics 878, Boston College Department of Economics.
    43. Mauro Papi, 2014. "Noncompensatory consideration and compensatory choice: an application to Stackelberg competition," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(1), pages 53-63, April.
    44. Allred, Sarah & Duffy, Sean & Smith, John, 2014. "Cognitive load and strategic sophistication," MPRA Paper 59441, University Library of Munich, Germany.
    45. Balart, Pau, 2021. "Semiorder preferences and price-oriented buyers in a Hotelling model," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 394-407.
    46. Roman Inderst & Martin Obradovits, 2020. "Competitive Strategies when Consumers are Relative Thinkers: Implications for Pricing, Promotions, and Product Choice," Working Papers 2020-25, Faculty of Economics and Statistics, Universität Innsbruck.
    47. James M. Sallee, 2014. "Rational Inattention and Energy Efficiency," Journal of Law and Economics, University of Chicago Press, vol. 57(3), pages 781-820.
    48. Carroni, Elias & Mantovani, Andrea & Minniti, Antonio, 2023. "Price signaling with salient-thinking consumers," Games and Economic Behavior, Elsevier, vol. 138(C), pages 238-253.
    49. Jun Hu, 2021. "Regulation of media bias on online newspapers," Working Papers hal-03120466, HAL.
    50. Bianchi, Mattia & Murtinu, Samuele & Scalera, Vittoria G., 2019. "R&D Subsidies as Dual Signals in Technological Collaborations," Research Policy, Elsevier, vol. 48(9), pages 1-1.
    51. Edward John Dorrell Webb, 2014. "Do we see monopoly or duopoly? The influence of perception on entry deterrence," Discussion Papers 14-20, University of Copenhagen. Department of Economics.
    52. Dahremöller, Carsten & Fels, Markus, 2015. "Product lines, product design, and limited attention," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 437-456.
    53. J. A. García & Rosa Rodriguez-Sánchez & J. Fdez-Valdivia, 2018. "Competition between academic journals for scholars’ attention: the ‘Nature effect’ in scholarly communication," Scientometrics, Springer;Akadémiai Kiadó, vol. 115(3), pages 1413-1432, June.
    54. Paritosh Chandra Sinha, 2024. "Noise of Investors’ Attention Mania in the Twenty-first-Century Indian Stock Markets: ARDL and Augmented GARCH-X Models," Global Business Review, International Management Institute, vol. 25(5), pages 1171-1221, October.
    55. Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2014. "Currency Unions, Product Introductions, and the Real Exchange Rate," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(2), pages 529-595.
    56. Andreas Hefti & Julia Lareida, 2021. "Competitive attention, Superstars and the Long Tail," ECON - Working Papers 383, Department of Economics - University of Zurich.
    57. Königsheim, C. & Lukas, M. & Nöth, M., 2019. "Salience theory: Calibration and heterogeneity in probability distortion," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 477-495.
    58. Edward J. Webb, 2014. "Perception and quality choice in vertically differentiated markets," Discussion Papers 14-07, University of Copenhagen. Department of Economics.
    59. Clark, Derek J. & Mathisen, Terje Andreas, 2020. "Salience in a simple transport market," Research in Transportation Economics, Elsevier, vol. 82(C).
    60. Basu, Anup K. & Dulleck, Uwe, 2020. "Why do (some) consumers purchase complex financial products? An experimental study on investment in hybrid securities," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 203-220.
    61. Vokata, Petra, 2021. "Engineering lemons," Journal of Financial Economics, Elsevier, vol. 142(2), pages 737-755.
    62. Sjursen, Ingrid Hoem, 2023. "Accountability and taxation: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 386-432.
    63. Christian Michel, 2018. "Contractual structures and consumer misperceptions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 27(2), pages 188-205, June.
    64. Saia, Alessandro, 2018. "Random interactions in the Chamber: Legislators' behavior and political distance," Journal of Public Economics, Elsevier, vol. 164(C), pages 225-240.
    65. Vasudha Jain & Mark Whitmeyer, 2021. "Search and Competition with Flexible Investigations," Papers 2104.13159, arXiv.org.
    66. Opoku-Agyemang, Kweku A., 2017. "Narcissism Over Ideology: Revealed versus Stated Terrorist Preferences," SocArXiv 5fj2x, Center for Open Science.
    67. Ofer H. Azar, 2013. "Optimal Strategy Of Multi-Product Retailers With Relative Thinking And Reference Prices," Working Papers 1313, Ben-Gurion University of the Negev, Department of Economics.
    68. Gabaix, Xavier & Laibson, David & Li, Deyuan & Li, Hongyi & Resnick, Sidney & de Vries, Casper G., 2016. "The impact of competition on prices with numerous firms," Journal of Economic Theory, Elsevier, vol. 165(C), pages 1-24.
    69. Ennio Bilancini & Leonardo Boncinelli, 2014. "Persuasion with Reference Cues and Elaboration Costs," Working Papers - Economics wp2014_04.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    70. Helfrich, Magdalena & Herweg, Fabian, 2020. "Context-dependent preferences and retailing: Vertical restraints on internet sales," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).
    71. Bar-El, Ronen & Hatsor, Limor & Tobol, Yossef, 2020. "Home production, market substitutes, and the labor supply of mothers," Journal of Economic Behavior & Organization, Elsevier, vol. 171(C), pages 378-390.
    72. Hillenbrand, Adrian & Schmelzer, André, 2017. "Beyond information: Disclosure, distracted attention, and investor behavior," Journal of Behavioral and Experimental Finance, Elsevier, vol. 16(C), pages 14-21.
    73. Jiaer He & Roberto Rivera, 2023. "A Modeling Approach of Return and Volatility of Structured Investment Products with Caps and Floors," Papers 2311.06282, arXiv.org.
    74. Gerasimou, Georgios & Papi, Mauro, 2018. "Duopolistic competition with choice-overloaded consumers," European Economic Review, Elsevier, vol. 101(C), pages 330-353.
    75. Hong Ru & Antoinette Schoar, 2020. "Do credit card companies screen for behavioural biases?," BIS Working Papers 842, Bank for International Settlements.
    76. Chua, Chew Lian & Tsiaplias, Sarantis, 2024. "The influence of supermarket prices on consumer inflation expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 414-433.
    77. Gao, Pengjie & Hu, Allen & Kelly, Peter & Peng, Cameron & Zhu, Ning, 2020. "Exploited by complexity," LSE Research Online Documents on Economics 118867, London School of Economics and Political Science, LSE Library.
    78. Jacopo Perego & Sevgi Yuksel, 2022. "Media Competition and Social Disagreement," Econometrica, Econometric Society, vol. 90(1), pages 223-265, January.
    79. Roman Inderst & Martin Obradovits, 2024. "Price promotions as a threat to brands," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 33(1), pages 53-77, January.
    80. Byrne, David P. & Martin, Leslie A., 2021. "Consumer search and income inequality," International Journal of Industrial Organization, Elsevier, vol. 79(C).
    81. Inderst, Roman & Obradovits, Martin, 2015. "Too Much Attention on Low Prices? Loss Leading in a Model of Sales with Salient Thinkers," CEPR Discussion Papers 10813, C.E.P.R. Discussion Papers.
    82. Ram Bala & Pradeep Bhardwaj & Pradeep K. Chintagunta, 2017. "Pharmaceutical Product Recalls: Category Effects and Competitor Response," Marketing Science, INFORMS, vol. 36(6), pages 931-943, November.

  32. Pedro Bordado & Nicola Gennaioli & Andrei Shleifer, 2012. "Salience and Consumer Choice," Working Papers 501, Barcelona School of Economics.

    Cited by:

    1. Fabio Galeotti & Maria Montero & Anders Poulsen, 2018. "The Attraction and Compromise Effects in Bargaining: Experimental Evidence," Post-Print halshs-01820223, HAL.
    2. Matyska, Branka, 2021. "Salience, systemic risk and spectral risk measures as capital requirements," Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
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    303. Xi Zhi Lim, 2021. "Ordered Reference Dependent Choice," Papers 2105.12915, arXiv.org, revised Feb 2024.
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    309. Elizabeth Blankespoor & Ed Dehaan & John Wertz & Christina Zhu, 2019. "Why Do Individual Investors Disregard Accounting Information? The Roles of Information Awareness and Acquisition Costs," Journal of Accounting Research, Wiley Blackwell, vol. 57(1), pages 53-84, March.
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    312. Iqbal Thonse Hawaldar & Mithun S. Ullal & Felicia Ramona Birau & Cristi Marcel Spulbar, 2019. "Trapping Fake Discounts as Drivers of Real Revenues and Their Impact on Consumer’s Behavior in India: A Case Study," Sustainability, MDPI, vol. 11(17), pages 1-20, August.
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    314. Niederle, Muriel & Vespa, Emanuel, 2023. "Cognitive Limitations: Failures of Contingent Thinking," University of California at San Diego, Economics Working Paper Series qt5q14p1np, Department of Economics, UC San Diego.
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  33. Nicola Gennaioli & Enrico Perotti, 2012. "Standardized Enforcement: Access to Justice vs. Contractual Innovation," Working Papers 652, Barcelona School of Economics.

    Cited by:

    1. Massenot Baptiste, 2014. "Lawyers and Investment," Review of Law & Economics, De Gruyter, vol. 9(3), pages 439-452, January.
    2. Ari Van Assche & Galina A. Schwartz, 2013. "Contracting Institutions and Ownership Structure in International Joint Ventures," CIRANO Working Papers 2013s-04, CIRANO.
    3. Massenot Baptiste, 2010. "Contract Enforcement, Litigation, and Economic Development," Cahiers de Recherches Economiques du Département d'économie 10.14, Université de Lausanne, Faculté des HEC, Département d’économie.
    4. Vladimir Asriyan, 2016. "Balance Sheet Recessions with Informational and Trading Frictions," Working Papers 806, Barcelona School of Economics.
    5. Van Assche, Ari & Schwartz, Galina A., 2013. "Contracting institutions and ownership structure in international joint ventures," Journal of Development Economics, Elsevier, vol. 103(C), pages 124-132.
    6. Massenot, Baptiste, 2011. "Financial development in adversarial and inquisitorial legal systems," Journal of Comparative Economics, Elsevier, vol. 39(4), pages 602-608.

  34. Nicola Gennaioli & Stefano Rossi, 2012. "Contractual Resolutions of Financial Distress," Working Papers 651, Barcelona School of Economics.

    Cited by:

    1. Aßmuth, Pascal, 2015. "Stock price related financial fragility and growth patterns," Center for Mathematical Economics Working Papers 539, Center for Mathematical Economics, Bielefeld University.
    2. Gregory F Udell, 2015. "SME Access to Intermediated Credit: What Do We Know and What Don't We Know?," RBA Annual Conference Volume (Discontinued), in: Angus Moore & John Simon (ed.),Small Business Conditions and Finance, Reserve Bank of Australia.
    3. Lars Schweizer & Andreas Nienhaus, 2017. "Corporate distress and turnaround: integrating the literature and directing future research," Business Research, Springer;German Academic Association for Business Research, vol. 10(1), pages 3-47, June.
    4. Cerqueiro, Geraldo & Ongena, Steven & Roszbach, Kasper, 2012. "Collateralization, Bank Loan Rates and Monitoring: Evidence from a Natural Experiment," Working Paper Series 257, Sveriges Riksbank (Central Bank of Sweden).
    5. Daher, Mai, 2017. "Creditor control rights, capital structure, and legal enforcement," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 308-330.
    6. Nicola Gennaioli & Enrico Perotti, 2012. "Standardized Enforcement: Access to Justice vs. Contractual Innovation," Working Papers 652, Barcelona School of Economics.
    7. Claude Fluet & Paolo G. Garella, 2014. "Debt Rescheduling with Multiple Lenders: Relying on the Information of Others," Economica, London School of Economics and Political Science, vol. 81(324), pages 698-720, October.
    8. Stefano Colonnello & Michael Koetter & Moritz Stieglitz, 2021. "Benign Neglect Of Covenant Violations: Blissful Banking Or Ignorant Monitoring?," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 459-477, January.
    9. Rodano, Giacomo & Serrano-Velarde, Nicolas & Tarantino, Emanuele, 2016. "Bankruptcy law and bank financing," Journal of Financial Economics, Elsevier, vol. 120(2), pages 363-382.
    10. Aßmuth, Pascal, 2017. "Stock price related financial fragility and growth patterns," Economics Discussion Papers 2017-108, Kiel Institute for the World Economy (IfW Kiel).
    11. Ongena, Steven & Cerqueiro, Geraldo & Roszbach, Kasper, 2016. "Collateral damage? On collateral, corporate financing and performance," Working Paper Series 1918, European Central Bank.
    12. Miguel García-Posada & Juan S. Mora-Sanguinetti, 2013. "Are there alternatives to bankruptcy? a study of small business distress in Spain," Working Papers 1315, Banco de España.
    13. Giambona, Erasmo & Lopez-de-Silanes, Florencio & Matta, Rafael, 2022. "Stiffing the creditor: Asset verifiability and bankruptcy," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    14. Favara, Giovanni & Morellec, Erwan & Schroth, Enrique & Valta, Philip, 2017. "Debt enforcement, investment, and risk taking across countries," Journal of Financial Economics, Elsevier, vol. 123(1), pages 22-41.
    15. Rossi, Stefano & Yun, Hayong, 2024. "The political economy of municipal bankruptcy," Economics Letters, Elsevier, vol. 239(C).
    16. Zacharias Sautner & Vladimir Vladimirov, 2018. "Indirect Costs of Financial Distress and Bankruptcy Law: Evidence from Trade Credit and Sales [Bankruptcy codes and innovations]," Review of Finance, European Finance Association, vol. 22(5), pages 1667-1704.
    17. Geraldo Cerqueiro & Steven Ongena & Kasper Roszbach, 2016. "Collateralization, Bank Loan Rates, and Monitoring," Journal of Finance, American Finance Association, vol. 71(3), pages 1295-1322, June.
    18. Gui, Zhengqing & von Thadden, Ernst-Ludwig & Zhao, Xiaojian, 2019. "Incentive-compatibility, limited liability and costly liquidation in financial contracting," Games and Economic Behavior, Elsevier, vol. 118(C), pages 412-433.
    19. Cerqueiro, Geraldo & Ongena, Steven & Roszbach, Kasper, 2020. "Collateral damaged? Priority structure, credit supply, and firm performance," Journal of Financial Intermediation, Elsevier, vol. 44(C).

  35. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "A Model of Shadow Banking," Working Papers 576, Barcelona School of Economics.

    Cited by:

    1. Yoshiharu Maeno & Kenji Nishiguchi & Satoshi Morinaga & Hirokazu Matsushima, 2014. "Impact of shadow banks on financial contagion," Papers 1410.4847, arXiv.org.
    2. David Aikman & Michael T. Kiley & Seung Jung Lee & Michael G. Palumbo & Missaka Warusawitharana, 2015. "Mapping Heat in the U.S. Financial System," Finance and Economics Discussion Series 2015-59, Board of Governors of the Federal Reserve System (U.S.).
    3. Feixue Gong & Gregory Phelan, 2019. "Debt Collateralization, Capital Structure, and Maximal Leverage," Department of Economics Working Papers 2019-07, Department of Economics, Williams College, revised Jul 2019.
    4. Spiros Bougheas & Pasquale Commendatore & Laura Gardini & Ingrid Kubin, 2022. "Financial development cycles and income inequality in a model with good and bad projects," Discussion Papers 2022/05, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    5. John V. Duca & David C. Ling, 2015. "The other (commercial) real estate boom and bust: the effects of risk premia and regulatory capital arbitrage," Working Papers 1504, Federal Reserve Bank of Dallas.
    6. Akin, Ozlem & Marín, J.M. & Peydró, José-Luis, 2019. "Anticipating the Financial Crisis: Evidence from Insider Trading in Banks," EconStor Preprints 216803, ZBW - Leibniz Information Centre for Economics.
    7. Timmermann, Allan & Wermers, Russ, 2014. "Runs on Money Market Funds," CEPR Discussion Papers 9906, C.E.P.R. Discussion Papers.
    8. Matthieu Darracq Paries, 2018. "Financial frictions and monetary policy conduct," Erudite Ph.D Dissertations, Erudite, number ph18-01 edited by Ferhat Mihoubi, September.
    9. Emil Adamek & Jan Janku, 2022. "What Drives Small Business Crowdfunding? Impact of Macroeconomic and Financial Factors," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 72(2), pages 172-196, June.
    10. Guillermo Ordoñez, 2018. "Sustainable Shadow Banking," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(1), pages 33-56, January.
    11. Matteo Maggiori & Emmanuel Farhi, 2015. "A Model of the International Monetary System," Working Paper 349586, Harvard University OpenScholar.
    12. Ma, Yongfan & Hu, Xingcun, 2024. "Shadow banking and SME investment: Evidence from China's new asset management regulations," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 332-349.
    13. Matthew Baron & Wei Xiong, 2016. "Credit Expansion and Neglected Crash Risk," NBER Working Papers 22695, National Bureau of Economic Research, Inc.
    14. Krug, Sebastian & Wohltmann, Hans-Werner, 2016. "Shadow banking, financial regulation and animal spirits: An ACE approach," Economics Working Papers 2016-08, Christian-Albrechts-University of Kiel, Department of Economics.
    15. Benjamin Nelson & Gabor Pinter & Konstantinos Theodoridis, 2018. "Do contractionary monetary policy shocks expand shadow banking?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 33(2), pages 198-211, March.
    16. Segura, Anatoli & Villacorta, Alonso, 2023. "The paradox of safe asset creation," Journal of Economic Theory, Elsevier, vol. 210(C).
    17. Weining Bao & Jian Ni & Shubhranshu Singh, 2018. "Informal Lending in Emerging Markets," Marketing Science, INFORMS, vol. 37(1), pages 123-137, January.
    18. Federico Lubello & Abdelaziz Rouabah, 2019. "Capturing macroprudential regulation effectiveness: a DSGE approach with shadow intermediaries," Revista de Estabilidad Financiera, Banco de España, issue Otoño.
    19. Erica Jiang & Gregor Matvos & Tomasz Piskorski & Amit Seru, 2020. "Which Banks are (Over) Levered? Insights from Shadow Banks and Uninsured Leverage," NBER Working Papers 26903, National Bureau of Economic Research, Inc.
    20. Kristian S. Blickle & Markus K. Brunnermeier & Stephan Luck, 2022. "Who Can Tell Which Banks Will Fail?," Staff Reports 1005, Federal Reserve Bank of New York.
    21. Ippolito, Filippo & Peydró, José-Luis & Polo, Andrea & Sette, Enrico, 2016. "Double bank runs and liquidity risk management," ESRB Working Paper Series 8, European Systemic Risk Board.
    22. Christina Nicolas & Amine Tarazi & Gamze Ozturk Danisman, 2023. "Disentangling the effect of Trust on Bank Lending," Post-Print hal-04678219, HAL.
    23. Mr. Manmohan Singh & Mr. Peter Stella, 2012. "Money and Collateral," IMF Working Papers 2012/095, International Monetary Fund.
    24. Ghosh, Saurabh & Mazumder, Debojyoti, 2021. "Do NBFCs Propagate Real Shocks?," MPRA Paper 110596, University Library of Munich, Germany.
    25. Patrick Fève & Alban Moura & Olivier Pierrard, 2019. "Shadow banking and the Great Recession: Evidence from an estimated DSGE model," BCL working papers 125, Central Bank of Luxembourg.
    26. Feixue Gong & Gregory Phelan, 2021. "Collateral Constraints, Tranching, and Price Bases," Department of Economics Working Papers 2021-07, Department of Economics, Williams College.
    27. Segura, Anatoli & Villacorta, Alonso, 2020. "Demand for safety, risky loans: A model of securitization," CEPR Discussion Papers 14313, C.E.P.R. Discussion Papers.
    28. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Diagnostic Expectations and Credit Cycles," Working Paper 350646, Harvard University OpenScholar.
    29. Jones, Laurence & Alsakka, Rasha & ap Gwilym, Owain & Mantovan, Noemi, 2022. "The impact of regulatory reforms on European bank behaviour: A dynamic structural estimation," European Economic Review, Elsevier, vol. 150(C).
    30. Matta, Rafael & Perotti, Enrico, 2015. "Insecure debt," LSE Research Online Documents on Economics 65099, London School of Economics and Political Science, LSE Library.
    31. Calmès, Christian & Théoret, Raymond, 2014. "Bank systemic risk and macroeconomic shocks: Canadian and U.S. evidence," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 388-402.
    32. Neuhann, Daniel, 2016. "Macroeconomic effects of secondary market trading," ESRB Working Paper Series 25, European Systemic Risk Board.
    33. Brandão-Marques, Luis & Chen, Qianying & Raddatz, Claudio & Vandenbussche, Jérôme & Xie, Peichu, 2022. "The riskiness of credit allocation and financial stability," Journal of Financial Intermediation, Elsevier, vol. 51(C).
    34. Farhi, Emmanuel & Tirole, Jean, 2017. "Shadow Banking and the Four Pillars of Traditional Financial Intermediation," CEPR Discussion Papers 12373, C.E.P.R. Discussion Papers.
    35. Racicot, François-Éric & Théoret, Raymond, 2018. "Multi-moment risk, hedging strategies, & the business cycle," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 637-675.
    36. Tobias Adrian & Daniel M. Covitz & J. Nellie Liang, 2013. "Financial stability monitoring," Staff Reports 601, Federal Reserve Bank of New York.
    37. Toni Ahnert & Kartik Anand & Prasanna Gai & James Chapman, 2016. "Asset Encumbrance, Bank Funding and Financial Fragility," Staff Working Papers 16-16, Bank of Canada.
    38. Albertazzi, Ugo & Barbiero, Francesca & Marqués-Ibáñez, David & Popov, Alexander & Rodriguez d’Acri, Costanza & Vlassopoulos, Thomas, 2020. "Monetary policy and bank stability: the analytical toolbox reviewed," Working Paper Series 2377, European Central Bank.
    39. Tobias Adrian & J. Nellie Liang, 2014. "Monetary policy, financial conditions, and financial stability," Staff Reports 690, Federal Reserve Bank of New York.
    40. E. Chrétien & V. Lyonnet, 2017. "Traditional and Shadow Banks during the Crisis," Débats économiques et financiers 27, Banque de France.
    41. Chatterjee, Kalyan & Guryev, Konstantin & Hu, Tai-Wei, 2022. "Bounded memory in a changing world: Biases in behaviour and belief," Journal of Economic Theory, Elsevier, vol. 206(C).
    42. Lukasz Prorokowski, 2020. "Macroprudential due-diligence framework for shadow banking entities," Bank i Kredyt, Narodowy Bank Polski, vol. 51(6), pages 587-612.
    43. Martin Kuncl, 2016. "Fragility of Resale Markets for Securitized Assets and Policy of Asset Purchases," Staff Working Papers 16-46, Bank of Canada.
    44. Ghosh, Saurabh & Mazumder, Debojyoti, 2023. "Do NBFCs propagate real shocks?," Journal of Asian Economics, Elsevier, vol. 85(C).
    45. Eliana Lauretta & Sajid M. Chaudhry & Daniel Santamaria, 2023. "Unveiling the black swan of the finance‐growth Nexus: Assumptions and preliminary evidence of virtuous and unvirtuous cycles," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 3749-3773, October.
    46. Harold H. Zhang & Feng Zhao & Xiaofei Zhao, 2024. "Neglected Risks in the Communication of Residential Mortgage‐Backed Securities Offerings," Journal of Finance, American Finance Association, vol. 79(1), pages 129-172, February.
    47. Segura, Anatoli & Villacorta, Alonso, 2020. "Firm-bank linkages and optimal policies in a lockdown," CEPR Discussion Papers 14838, C.E.P.R. Discussion Papers.
    48. Dávila, Eduardo & Walther, Ansgar, 2022. "Corrective regulation with imperfect instruments," Working Paper Series 2723, European Central Bank.
    49. Bengt Holmstrom, 2015. "Understanding the role of debt in the financial system," BIS Working Papers 479, Bank for International Settlements.
    50. Moratis, Georgios & Sakellaris, Plutarchos, 2021. "Measuring the systemic importance of banks," Journal of Financial Stability, Elsevier, vol. 54(C).
    51. Wei, Xin & Liu, Xi & Zhang, Xueyong, 2022. "Shadow banking and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    52. Greg Buchak & Gregor Matvos & Tomasz Piskorski & Amit Seru, 2023. "Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models Are Miscalibrated," NBER Chapters, in: NBER Macroeconomics Annual 2023, volume 38, pages 239-287, National Bureau of Economic Research, Inc.
    53. Antonio Bianco, 2015. "Shadow Banking, Relationship Banking, and the Economics of Depression," Working Papers 5/15, Sapienza University of Rome, DISS.
    54. Voellmy, Lukas, 2019. "Shadow banking and financial stability under limited deposit insurance," ESRB Working Paper Series 105, European Systemic Risk Board.
    55. Krishnamurthy, Arvind & Muir, Tyler, 2017. "How Credit Cycles across a Financial Crisis," Research Papers repec:ecl:stabus:3579, Stanford University, Graduate School of Business.
    56. DeAngelo, Harry & Stulz, Rene M., 2013. "Why High Leverage Is Optimal for Banks," Working Papers 13-20, University of Pennsylvania, Wharton School, Weiss Center.
    57. Abbassi, Puriya & Iyer, Rajkamal & Peydró, José-Luis & Tous, Francesc R., 2015. "Securities trading by banks and credit supply: Micro-evidence," Discussion Papers 08/2015, Deutsche Bundesbank.
    58. Zhang, Xiong, 2020. "Convertible tranche in securitization," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    59. Gebauer Stefan, 2021. "Welfare-Based Optimal Macroprudential Policy with Shadow Banks," Working papers 817, Banque de France.
    60. Shengxing Zhang, 2014. "Collateral Risk, Repo Rollover and Shadow Banking," 2014 Meeting Papers 562, Society for Economic Dynamics.
    61. Tobias Adrian & Adam B. Ashcraft, 2012. "Shadow Banking Regulation," Annual Review of Financial Economics, Annual Reviews, vol. 4(1), pages 99-140, October.
    62. Guillaume Plantin, 2015. "Shadow Banking and Bank Capital Regulation," SciencePo Working papers Main hal-01168494, HAL.
    63. Jondeau, Eric & Sahuc, Jean-Guillaume, 2022. "Bank capital shortfall in the euro area," Journal of Financial Stability, Elsevier, vol. 62(C).
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    65. Jiangtao Li & Jianyue Ji & Huiwen Guo & Lei Chen, 2018. "Research on the Influence of Real Estate Development on Private Investment: A Case Study of China," Sustainability, MDPI, vol. 10(8), pages 1-17, July.
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    68. Saibal Ghosh, 2022. "Does financial interconnectedness affect monetary transmission? Evidence from India," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 15(3), pages 273-300, September.
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    1. G. Gaballo & A. Zetlin-Jones, 2016. "Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt," Working papers 594, Banque de France.
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    3. Junye Li & Gabriele Zinna, 2014. "How much of bank credit risk is sovereign risk? Evidence from the eurozone," Temi di discussione (Economic working papers) 990, Bank of Italy, Economic Research and International Relations Area.
    4. Fernando Broner & Daragh Clancy & Alberto Martin & Aitor Erce, 2017. "Fiscal multipliers and foreign holdings of public debt," Economics Working Papers 1610, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2021.
    5. Portes, Richard & Delatte, Anne-Laure, 2014. "Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts," CEPR Discussion Papers 9898, C.E.P.R. Discussion Papers.
    6. Ströbel, Johannes & Kuchler, Theresa & Dávila, Eduardo & Bailey, Michael, 2017. "House Price Beliefs And Mortgage Leverage Choice," CEPR Discussion Papers 12476, C.E.P.R. Discussion Papers.
    7. Jeon, Kiyoung & Kabukcuoglu, Zeynep, 2018. "Income inequality and sovereign default," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 211-232.
    8. Tomas Williams & Lorenzo Pandolfi, 2017. "Capital Flows and Sovereign Debt Markets: Evidence from Index Rebalancings," Working Papers 2017-11, The George Washington University, Institute for International Economic Policy.
    9. Alogoskoufis, Spyros & Langfield, Sam, 2018. "Regulating the doom loop," ESRB Working Paper Series 74, European Systemic Risk Board.
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    13. Russell Cooper & Kalin Nikolov, 2013. "Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty," NBER Working Papers 19278, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Weimann, Joachim & Brosig-Koch, Jeannette & Heinrich, Timo & Hennig-Schmidt, Heike & Keser, Claudia, 2019. "Public good provision by large groups – the logic of collective action revisited," European Economic Review, Elsevier, vol. 118(C), pages 348-363.
    2. Ronayne, David & Brown, Gordon D.A., 2016. "Multi-attribute decision by sampling: An account of the attraction, comprimise and similarity effects," The Warwick Economics Research Paper Series (TWERPS) 1124, University of Warwick, Department of Economics.
    3. Anagol, Santosh & Balasubramaniam, Vimal & Ramadorai, Tarun, 2021. "Learning from noise: Evidence from India’s IPO lotteries," Journal of Financial Economics, Elsevier, vol. 140(3), pages 965-986.
    4. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Salience Theory of Choice Under Risk," Working Paper 29210, Harvard University OpenScholar.
    5. Holden, Stein T. & Bezu, Sosina, 2019. "Exchange asymmetries in productive assets: Tools, fertilizer or cash?," World Development, Elsevier, vol. 115(C), pages 269-278.
    6. de Montjoye, Yves-Alexandre & Ramadorai, Tarun & Valletti, Tommaso & Walther, Ansgar, 2021. "Privacy, adoption, and truthful reporting: A simple theory of contact tracing applications," Economics Letters, Elsevier, vol. 198(C).
    7. Chen, Daniel L. & Prescott, J.J., 2016. "Implicit Egoism in Sentencing Decisions: First Letter Name Effects with Randomly Assigned Defendants," TSE Working Papers 16-726, Toulouse School of Economics (TSE).
    8. Kontek, Krzysztof, 2016. "A critical note on Salience Theory of choice under risk," Economics Letters, Elsevier, vol. 149(C), pages 168-171.
    9. Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021. "Household Finance," Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
    10. Giuseppe Attanasi & Kene Boun My & Andrea Guido & Mathieu Lefebvre, 2021. "Controlling monopoly power in a double‐auction market experiment," Post-Print hal-03520328, HAL.
    11. Isoni, Andrea & Brooks, Peter & Loomes, Graham & Sugden, Robert, 2016. "Do markets reveal preferences or shape them?," Journal of Economic Behavior & Organization, Elsevier, vol. 122(C), pages 1-16.
    12. Gennaioli, Nicola & Rossi, Stefano & Martín, Alberto, 2010. "Sovereign Default, Domestic Banks and Financial Institutions," CEPR Discussion Papers 7955, C.E.P.R. Discussion Papers.
    13. Marek Kapera, 2022. "Learning own preferences through consumption," KAE Working Papers 2022-074, Warsaw School of Economics, Collegium of Economic Analysis.
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    16. Andersson, Ola & Ingebretsen Carlson, Jim & Wengström, Erik, 2016. "Differences Attract: An Experimental Study of Focusing in Economic Choice," Working Paper Series 1145, Research Institute of Industrial Economics.
    17. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Salience and Consumer Choice," Working Paper 62321, Harvard University OpenScholar.
    18. Lunn, Pete & Lunn, Mary, 2014. "A Computational Theory of Willingness to Exchange," Papers WP477, Economic and Social Research Institute (ESRI).
    19. Keith M. Marzilli Ericson & Andreas Fuster, 2013. "The Endowment Effect," NBER Working Papers 19384, National Bureau of Economic Research, Inc.
    20. Balasubramaniam, Vimal & Anagol, Santosh, 2016. "Endowment Effects in the Field: Evidence from India's IPO Lotteries," CEPR Discussion Papers 11328, C.E.P.R. Discussion Papers.
    21. Dertwinkel-Kalt, Markus, 2015. "Salience and health campaigns," DICE Discussion Papers 186, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    22. Peter Landry, 2019. "Sunk ‘Decision Points’: a theory of the endowment effect and present bias," Theory and Decision, Springer, vol. 86(1), pages 23-39, February.
    23. Königsheim, C. & Lukas, M. & Nöth, M., 2019. "Salience theory: Calibration and heterogeneity in probability distortion," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 477-495.
    24. Small, Kenneth A., 2012. "Valuation of travel time," Economics of Transportation, Elsevier, vol. 1(1), pages 2-14.
    25. Mark Schneider, 2019. "A Bias Aggregation Theorem," Working Papers 19-03, Chapman University, Economic Science Institute.
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    28. Haijiao Cui & Bin Cao & Aimei Li & Zhaohui Li, 2023. "A General Model of Subjective Value and Stimulus-Intensity-Sensitive Hedonic Editing Strategy," Journal of Happiness Studies, Springer, vol. 24(3), pages 1191-1217, March.
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    33. Bakó, Barna & Neszveda, Gábor, 2020. "The Achilles’ heel of Salience theory and a way to fix it," Economics Letters, Elsevier, vol. 193(C).
    34. Markus Dertwinkel-Kalt & Katrin Köhler & Mirjam R. J. Lange & Tobias Wenzel, 2017. "Demand Shifts Due to Salience Effects: Experimental Evidence," Journal of the European Economic Association, European Economic Association, vol. 15(3), pages 626-653.
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    37. Balasubramaniam, Vimal & Anagol, Santosh, 2018. "Learning from Noise: Evidence from India’s IPO Lotteries," CEPR Discussion Papers 13314, C.E.P.R. Discussion Papers.

  38. Shleifer, Andrei & Bordalo, Pedro & Gennaioli, Nicola, 2012. "Salience Theory of Choice Under Risk," Scholarly Articles 10636303, Harvard University Department of Economics.

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    1. Mohammad (Vahid) Irani & Hugh Hoikwang Kim, 2023. "The consequences of non‐trading institutional investors," Financial Management, Financial Management Association International, vol. 52(3), pages 433-481, September.
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    3. Jlenia Di Noia, 2022. "Agent-Based Models for Climate Change Adaptation in Coastal Zones. A Review," Working Papers 2022.20, Fondazione Eni Enrico Mattei.
    4. Philippe Jehiel & Aviman Satpathy, 2024. "Learning to be Indifferent in Complex Decisions: A Coarse Payoff-Assessment Model," Papers 2412.09321, arXiv.org, revised Dec 2024.
    5. Yves Breitmoser, 2021. "Controlling for presentation effects in choice," Quantitative Economics, Econometric Society, vol. 12(1), pages 251-281, January.
    6. Abel , Martin & Cole, Shawn & Zia, Bilal, 2015. "Debiasing on a roll: changing gambling behavior through experiential learning," Policy Research Working Paper Series 7195, The World Bank.
    7. Weimann, Joachim & Brosig-Koch, Jeannette & Heinrich, Timo & Hennig-Schmidt, Heike & Keser, Claudia, 2019. "Public good provision by large groups – the logic of collective action revisited," European Economic Review, Elsevier, vol. 118(C), pages 348-363.
    8. Ramos, Sofia B. & Latoeiro, Pedro & Veiga, Helena, 2020. "Limited attention, salience of information and stock market activity," Economic Modelling, Elsevier, vol. 87(C), pages 92-108.
    9. Fabian Herweg & Svenja Hippel & Daniel Müller & Fabio Römeis, 2024. "Axiom Preferences and Choice Mistakes under Risk," ECONtribute Discussion Papers Series 326, University of Bonn and University of Cologne, Germany.
    10. Umlandt, Dennis, 2023. "Score-driven asset pricing: Predicting time-varying risk premia based on cross-sectional model performance," Journal of Econometrics, Elsevier, vol. 237(2).
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    12. Camilo Fabiam Gómez Segura, Oscar Hernán Cerquera Losada, Cristian Felipe Orjuela Yacue, 2012. "Racionalidad incompleta: una nueva forma de analizar las crisis económicas," Revista CIFE, Universidad Santo Tomás, December.
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    16. Ronayne, David & Brown, Gordon D.A., 2016. "Multi-attribute decision by sampling: An account of the attraction, comprimise and similarity effects," The Warwick Economics Research Paper Series (TWERPS) 1124, University of Warwick, Department of Economics.
    17. Jonathan Chapman & Mark Dean & Pietro Ortoleva & Erik Snowberg & Colin Camerer, 2023. "Econographics," Journal of Political Economy Microeconomics, University of Chicago Press, vol. 1(1), pages 115-161.
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    21. Niculaescu, Corina E. & Sangiorgi, Ivan & Bell, Adrian R., 2023. "Does personal experience with COVID-19 impact investment decisions? Evidence from a survey of US retail investors," International Review of Financial Analysis, Elsevier, vol. 88(C).
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    27. Kim, Younjun & Hoffman, Elizabeth, 2018. "Pre-play Learning and the Preference Reversal Phenomenon," ISU General Staff Papers 201801010800001007, Iowa State University, Department of Economics.
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    36. Damgaard, Mette Trier & Nielsen, Helena Skyt, 2018. "Nudging in education," Economics of Education Review, Elsevier, vol. 64(C), pages 313-342.
    37. Srivastava, Pranjal & Jacob, Joshy, 2022. "Risk information - normal markets and the COVID-19 pandemic period," IIMA Working Papers WP 2022-10-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
    38. Mark Schneider & Robert Day, 2018. "Target-Adjusted Utility Functions and Expected-Utility Paradoxes," Management Science, INFORMS, vol. 64(1), pages 271-287, January.
    39. Edward J. D. Webb, 2017. "If It’s All the Same to You: Blurred Consumer Perception and Market Structure," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(1), pages 1-25, February.
    40. März, Oliver, 2019. "Competitive persuasive advertising under consumer loss aversion," Economics Letters, Elsevier, vol. 185(C).
    41. Cinzia Castiglioni & Edoardo Lozza & Eric Dijk & Wilco W. Dijk, 2019. "Two sides of the same coin? An investigation of the effects of frames on tax compliance and charitable giving," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-10, December.
    42. Cakici, Nusret & Zaremba, Adam, 2022. "Salience theory and the cross-section of stock returns: International and further evidence," Journal of Financial Economics, Elsevier, vol. 146(2), pages 689-725.
    43. Quan Zheng & Xiajun Amy Pan & Janice E. Carrillo, 2019. "Probabilistic Selling for Vertically Differentiated Products with Salient Thinkers," Marketing Science, INFORMS, vol. 38(3), pages 442-460, May.
    44. Bougherara, Douadia & Friesen, Lana & Nauges, Céline, 2020. "Risk Taking with Left- and Right-Skewed Lotteries," TSE Working Papers 20-1085, Toulouse School of Economics (TSE).
    45. Lan Yi & Congcong Duan & Jianping Tao & Yong Huang & Meihua Xing & Zhongkun Zhu & Caifeng Tan & Xinglin Chen, 2020. "Disease Outbreak, Health Scare, and Distance Decay: Evidence from HPAI Shocks in Chinese Meat Sector," IJERPH, MDPI, vol. 17(21), pages 1-35, October.
    46. Feng He & Yaqian Feng & Lingbing Feng, 2023. "Social media information dissemination and corporate bad news hoarding," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 1503-1532, April.
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    49. Dertwinkel-Kalt, Markus & Wenzel, Tobias, 2017. "Focusing and framing of risky alternatives," DICE Discussion Papers 279, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    50. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Salient compromises in the newsvendor game," Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 301-315.
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  40. Gennaioli, Nicola, 2011. "Optimal Contracts with Enforcement Risk," CEPR Discussion Papers 8405, C.E.P.R. Discussion Papers.

    Cited by:

    1. Nicola Gennaioli & Stefano Rossi, 2012. "Contractual Resolutions of Financial Distress," Working Papers 651, Barcelona School of Economics.
    2. Massenot Baptiste, 2014. "Lawyers and Investment," Review of Law & Economics, De Gruyter, vol. 9(3), pages 439-452, January.
    3. Laura Bottazzi & Marco Da Rin & Thomas Hellmann, 2007. "The Importance of Trust for Investment: Evidence from Venture Capital," Working Papers 325, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    4. Zhu, Xiaoquan & Peng, Hongfeng & Zhang, Zijian, 2020. "The nexus of judicial efficiency, social burden and default risk: Cross-country evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 68(C).
    5. Gabriel Madeira, 2014. "Legal enforcement, default and heterogeneity of project-financing contracts," Annals of Finance, Springer, vol. 10(4), pages 569-602, November.
    6. Giacomo A.M. Ponzetto & Nicola Gennaioli, 2015. "Optimally Vague Contracts and the Law," Working Papers 747, Barcelona School of Economics.
    7. Ari Van Assche & Galina A. Schwartz, 2013. "Contracting Institutions and Ownership Structure in International Joint Ventures," CIRANO Working Papers 2013s-04, CIRANO.
    8. Nicola Gennaioli & Enrico Perotti, 2012. "Standardized Enforcement: Access to Justice vs. Contractual Innovation," Working Papers 652, Barcelona School of Economics.
    9. Lu, Yi & Tao, Zhigang, 2009. "Contract enforcement and family control of business: Evidence from China," Journal of Comparative Economics, Elsevier, vol. 37(4), pages 597-609, December.
    10. Perotti, Enrico & Gennaioli, Nicola & Ponzetto, Giacomo, 2019. "Legal Evolution, Contract Evolution, and Standardization," CEPR Discussion Papers 9836, C.E.P.R. Discussion Papers.
    11. Nicola Gennaioli & Giacomo A. M. Ponzetto, 2015. "Contract Innovation and Legal Evolution under Imperfect Enforcement," Working Papers 836, Barcelona School of Economics.
    12. Closset, Frédéric & Großmann, Christoph & Kaserer, Christoph & Urban, Daniel, 2023. "Corporate restructuring and creditor power: Evidence from European insolvency law reforms," Journal of Banking & Finance, Elsevier, vol. 149(C).
    13. Massenot Baptiste, 2010. "Contract Enforcement, Litigation, and Economic Development," Cahiers de Recherches Economiques du Département d'économie 10.14, Université de Lausanne, Faculté des HEC, Département d’économie.
    14. D'Acunto, Francesco & Xie, Jin & Yao, Jiaquan, 2022. "Trust and contracts: Empirical evidence," LawFin Working Paper Series 32, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    15. Andrei Shleifer & Florencio Lopez-de-Silanes & Rafael La Porta, 2008. "The Economic Consequences of Legal Origins," Journal of Economic Literature, American Economic Association, vol. 46(2), pages 285-332, June.
    16. Giambona, Erasmo & Lopez-de-Silanes, Florencio & Matta, Rafael, 2022. "Stiffing the creditor: Asset verifiability and bankruptcy," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    17. Pierre Bentata & Yolande Hiriart, 2015. "Biased Judges: Evidence from French Environmental Cases," Working Papers hal-01377922, HAL.
    18. López-Martín Bernabé & Pérez-Reyna David, 2019. "Contracts, Firm Dynamics and Aggregate Productivity," Working Papers 2019-07, Banco de México.
    19. Bottazzi, L. & Da Rin, M. & Hellmann, T., 2010. "The Importance of Trust for Investment : Evidence From Venture Capital (Revision of DP 2009-43)," Discussion Paper 2010-49, Tilburg University, Center for Economic Research.
    20. Meradj Morteza Pouraghdam, 2016. "Three essays on the role of frictions in the economy [Trois essais sur le rôle du désaccord en économie]," SciencePo Working papers Main tel-03498781, HAL.
    21. Robin Christmann, 2023. "Plea bargaining and investigation effort: inquisitorial criminal procedure as a three-player game," European Journal of Law and Economics, Springer, vol. 56(3), pages 497-532, December.
    22. Azmat Gani, 2018. "Contract Enforcement and Trade," Journal of Industry, Competition and Trade, Springer, vol. 18(1), pages 107-119, March.
    23. Van Assche, Ari & Schwartz, Galina A., 2013. "Contracting institutions and ownership structure in international joint ventures," Journal of Development Economics, Elsevier, vol. 103(C), pages 124-132.
    24. Massenot, Baptiste, 2011. "Financial development in adversarial and inquisitorial legal systems," Journal of Comparative Economics, Elsevier, vol. 39(4), pages 602-608.
    25. Jeff S. Johnson & Ravipreet S. Sohi, 2016. "Understanding and resolving major contractual breaches in buyer–seller relationships: a grounded theory approach," Journal of the Academy of Marketing Science, Springer, vol. 44(2), pages 185-205, March.
    26. Christmann Robin, 2015. "Tipping the Scales – Settlement, Appeal and the Relevance of Judicial Ambition," Review of Law & Economics, De Gruyter, vol. 11(2), pages 171-207, July.
    27. Francesco D'Acunto & Jin Xie & Jiaquan Yao, 2020. "Trust and Contracts: Empirical Evidence," CESifo Working Paper Series 8714, CESifo.
    28. Robin Christmann, 2014. "No Judge, No Job! Court errors and the contingent labor contract," European Journal of Law and Economics, Springer, vol. 38(3), pages 409-429, December.

  41. Gennaioli, N. & Shleifer, Andrei, 2010. "What Comes to Mind," Scholarly Articles 27867129, Harvard University Department of Economics.

    Cited by:

    1. John Manuel Barrios & Yael V. Hochberg, 2020. "Risk Perception Through the Lens of Politics in the Time of the COVID-19 Pandemic," Working Papers 2020-32, Becker Friedman Institute for Research In Economics.
    2. Abel , Martin & Cole, Shawn & Zia, Bilal, 2015. "Debiasing on a roll: changing gambling behavior through experiential learning," Policy Research Working Paper Series 7195, The World Bank.
    3. Jean-Paul L’Huillier & Sanjay R. Singh & Donghoon Yoo, 2023. "Incorporating Diagnostic Expectations into the New Keynesian Framework," Working Paper Series 2023-19, Federal Reserve Bank of San Francisco.
    4. Ingar K. Haaland & Christopher Roth & Johannes Wohlfart, 2020. "Designing Information Provision Experiments," CESifo Working Paper Series 8406, CESifo.
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    30. Flore, Raphael, 2015. "Causes of Shadow Banking - Two Regimes of Credit Risk Transformation and its Regulation," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113178, Verein für Socialpolitik / German Economic Association.
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    32. Emmanuel Farhi & Jean Tirole, 2017. "Deadly Embrace - Sovereign and Financial Balance Sheets Doom Loops," EconPol Working Paper 1, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    256. Drechsler, Itamar & Savov, Alexi & Schnabl, Philipp, 2022. "How monetary policy shaped the housing boom," Journal of Financial Economics, Elsevier, vol. 144(3), pages 992-1021.
    257. Kosuke Aoki & Kalin Nikolov, 2015. "Financial Disintermediation and Financial Fragility," CARF F-Series CARF-F-374, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    258. Anjan V. Thakor, 2015. "The Financial Crisis of 2007–2009: Why Did It Happen and What Did We Learn?," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 4(2), pages 155-205.
    259. Alarudeen Aminu Ph.D & Isiaka Akande Raifu & Bolanle Deborah Oloyede, . "Financial Development and Manufacturing Output Growth Nexus in Nigeria: The Role Of Institutional Quality," Journal of Economic and Sustainable Growth 2, Office Of The Chief Economist, Development Bank of Nigeria.
    260. Tyler Muir, 2017. "Financial Crises and Risk Premia," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(2), pages 765-809.
    261. Lihui Wang & Zhihong Liu & Huailong Shi, 2022. "The Impact of the Pilot Free Trade Zone on Regional Financial Development," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 154-184, September.
    262. Lotfi, Somayyeh & Milidonis, Andreas & Zenios, Stavros A., 2024. "Mispricing of debt expansion in the eurozone sovereign credit market," Journal of Financial Stability, Elsevier, vol. 70(C).
    263. Payzan-LeNestour, Elise & Woodford, Michael, 2022. "Outlier blindness: A neurobiological foundation for neglect of financial risk," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1316-1343.
    264. Abdullah Mohammad Ghazi Al khatib & Bayan Mohamad Alshaib & Ali Mohamad Kanaan, 2023. "The Interaction Between Financial Development and Economic Growth: A Novel Application of Transfer Entropy and Nonlinear Approach in Algeria," SAGE Open, , vol. 13(4), pages 21582440231, December.
    265. Wesley Mendes-Da-Silva, 2015. "Financial Innovation: An Expanding Research Field," Journal of Financial Innovation, IBRIF - Instituto Brasileiro de Inovação Financeira, vol. 1(1), pages 1-1.
    266. Antonina Waszczuk, 2014. "Assembling International Equity Datasets – Review of Studies on the Cross-Section of Common Stocks," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 34-65, March.

  44. Nicola Gennaioli & Alberto Martin & Stefano Rossi, 2009. "Institutions, Public Debt and Foreign Finance," Carlo Alberto Notebooks 124, Collegio Carlo Alberto.

    Cited by:

    1. Duy‐Tung Bui, 2018. "How Financial Freedom and Integration Change Public Debt Impact on Financial Development in the Asia‐Pacific: A Panel Smooth Transition Regression Approach," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(4), pages 486-501, December.
    2. Fernando Broner & Jaume Ventura, 2015. "Rethinking the Effects of Financial Liberalization," Working Papers 509, Barcelona School of Economics.
    3. Lizarazo, Sandra Valentina, 2013. "Default risk and risk averse international investors," Journal of International Economics, Elsevier, vol. 89(2), pages 317-330.
    4. Aitor Erce, 2012. "Selective sovereign defaults," Globalization Institute Working Papers 127, Federal Reserve Bank of Dallas.
    5. Aitor Erce Domiguez, 2010. "Debtor Discrimination During Sovereign Debt Restructurings," 2010 Meeting Papers 1324, Society for Economic Dynamics.
    6. Brutti, Filippo, 2011. "Sovereign defaults and liquidity crises," Journal of International Economics, Elsevier, vol. 84(1), pages 65-72, May.
    7. Frantisek Hajnovic & Juraj Zeman, 2012. "Fiscal Space in the Euro zone," Working and Discussion Papers WP 5/2012, Research Department, National Bank of Slovakia.

  45. Gennaioli, Nicola & Shleifer, Andrei, 2008. "Judicial Fact Discretion," Scholarly Articles 3451304, Harvard University Department of Economics.

    Cited by:

    1. Matthew C. Stephenson, 2009. "Legal Realism for Economists," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 191-211, Spring.
    2. Magnus Söderberg & Flavio Menezes & Miguel Santolino, 2013. "Regulatory behaviour under threat of court reversal," Working Papers hal-00874878, HAL.
    3. Aspasia Tsaoussi & Eleni Zervogianni, 2010. "Judges as satisficers: a law and economics perspective on judicial liability," European Journal of Law and Economics, Springer, vol. 29(3), pages 333-357, June.
    4. Pierre Cahuc & Stéphane Carcillo & Bérangère Patault & Flavien Moreau, 2022. "Judge Bias in Labor Courts and Firm Performance," Working Papers hal-03881619, HAL.
    5. Guerriero, Carmine, 2016. "Endogenous legal traditions," International Review of Law and Economics, Elsevier, vol. 46(C), pages 49-69.
    6. Guido de Blasio & Daniela Vuri, 2013. "Joint Custody in the Italian Courts," CEIS Research Paper 284, Tor Vergata University, CEIS, revised 03 Jul 2013.
    7. Cassella, Stefano & Rizzo, A. Emanuele, 2023. "The equity value implications of court ideology: Evidence from federal judge turnover," Journal of Corporate Finance, Elsevier, vol. 79(C).
    8. Niblett, Anthony, 2013. "Tracking inconsistent judicial behavior," International Review of Law and Economics, Elsevier, vol. 34(C), pages 9-20.
    9. Schwartzstein, Joshua & Shleifer, Andrei, 2013. "An Activity-Generating Theory of Regulation," Scholarly Articles 27814564, Harvard University Department of Economics.
    10. Aloisio Araujo & Rafael Ferreira & Spyridon Lagaras & Flavio Moraes & Jacopo Ponticelli & Margarita Tsoutsoura, 2021. "The Labor Effects of Judicial Bias in Bankruptcy," NBER Working Papers 28640, National Bureau of Economic Research, Inc.
    11. Ben Chen & José A. Rodrigues-Neto, 2023. "The interaction of emotions and cost-shifting rules in civil litigation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(3), pages 841-885, April.
    12. Zhao, Da & Yu, Ao & Guo, Jingyuan, 2022. "Judicial institutions, local protection and market segmentation: Evidence from the establishment of interprovincial circuit tribunals in China," China Economic Review, Elsevier, vol. 75(C).
    13. Howell, William & Shepsle, Kenneth & Wolton, Stephane, 2020. "Executive Absolutism: A Model," MPRA Paper 98221, University Library of Munich, Germany.
    14. Söderberg, Magnus & Menezes, Flavio M. & Santolino, Miguel, 2018. "Regulatory behaviour under threat of court reversal: Theory and evidence from the Swedish electricity market," Energy Economics, Elsevier, vol. 71(C), pages 302-310.
    15. Maciej H. Kotowski & David A. Weisbach & Richard J. Zeckhauser, 2014. "Rules and Standards When Compliance Costs Are Private Information," The Journal of Legal Studies, University of Chicago Press, vol. 43(S2), pages 297-329.
    16. Nicola Gennaioli & Stefano Rossi, 2010. "Judicial Discretion in Corporate Bankruptcy," The Review of Financial Studies, Society for Financial Studies, vol. 23(11), pages 4078-4114, November.
    17. Cécile Bourreau-Dubois & Myriam Doriat-Duban & Bruno Jeandidier & Jean-Claude Ray, 2021. "Do sentencing guidelines result in lower inter-judge disparity? Evidence from a framed field experiment," Working Papers of BETA 2021-17, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    18. Bruno Deffains & Yannick Gabuthy & Eve-Angéline Lambert, 2010. "Labour Disputes, Investment Decisions and the Judiciary," Post-Print hal-00485100, HAL.
    19. Meradj Morteza Pouraghdam, 2016. "Three essays on the role of frictions in the economy [Trois essais sur le rôle du désaccord en économie]," SciencePo Working papers Main tel-03498781, HAL.
    20. Sendhil Mullainathan & Andrei Shleifer, 2005. "The Market for News," American Economic Review, American Economic Association, vol. 95(4), pages 1031-1053, September.
    21. Carmine Guerriero, 2008. "Accountability in Government and Regulatory Policies: Theory and Evidence," Working Papers 2008.55, Fondazione Eni Enrico Mattei.
    22. Haitian Lu & Hongbo Pan & Chenying Zhang, 2015. "Political Connectedness and Court Outcomes: Evidence from Chinese Corporate Lawsuits," Journal of Law and Economics, University of Chicago Press, vol. 58(4).
    23. Kirchgässner, Gebhard, 2010. "On minimal morals," European Journal of Political Economy, Elsevier, vol. 26(3), pages 330-339, September.
    24. Gerhard Schnyder & Mathias Siems & Ruth Aguilera & Centre for Business Research, 2018. "Twenty Years of 'Law & Finance': Time to Take Law Seriously," Working Papers wp501, Centre for Business Research, University of Cambridge.
    25. Guerriero, C., 2009. "Democracy, Judicial Attitudes and Heterogeneity: The Civil Versus Common Law Tradition," Cambridge Working Papers in Economics 0917, Faculty of Economics, University of Cambridge.
    26. Diana W. Thomas & Michael D. Thomas, 2022. "Regulation, competition, and the social control of business," Public Choice, Springer, vol. 193(1), pages 109-125, October.
    27. Cécile Bourreau-Dubois & Bruno Deffains & Myriam Doriat-Duban & Bruno Jeandidier, 2021. "Guidelines: Decision-Making Tools for Litigantsand Judges [Les barèmes, outils d’aide à la décision pour les justiciables et les juges]," Post-Print hal-03054417, HAL.
    28. Flavio Menezes, 2013. "The Failure of Judges and the Rise of Regulators by Andrei Shleifer ( MIT Press , Cambridge, Massachusetts , 2012 ), pp. 343 ," The Economic Record, The Economic Society of Australia, vol. 89(287), pages 577-580, December.
    29. Bertrand Crettez & Bruno Deffains, 2008. "On the Role of Inequalities in Legal Systems: A Tocquevilian View," Working Papers hal-04140746, HAL.

  46. Gennaioli, Nicola & Rossi, Stefano, 2008. "Judicial Discretion in Corporate Bankruptcy," CEI Working Paper Series 2008-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.

    Cited by:

    1. Nicola Gennaioli & Stefano Rossi, 2012. "Contractual Resolutions of Financial Distress," Working Papers 651, Barcelona School of Economics.
    2. Benito Arruñada, 2021. "Interpretación positiva del derecho concursal español y propuestas para una reforma equilibrada," Policy Papers 2021-08, FEDEA.
    3. Saibal Ghosh, 2018. "Corporate investment and political federalism: does judicial efficiency matter?," Indian Economic Review, Springer, vol. 53(1), pages 263-285, December.
    4. Antill, Samuel, 2022. "Do the right firms survive bankruptcy?," Journal of Financial Economics, Elsevier, vol. 144(2), pages 523-546.
    5. Cassella, Stefano & Rizzo, A. Emanuele, 2023. "The equity value implications of court ideology: Evidence from federal judge turnover," Journal of Corporate Finance, Elsevier, vol. 79(C).
    6. Rodano, Giacomo & Serrano-Velarde, Nicolas & Tarantino, Emanuele, 2016. "Bankruptcy law and bank financing," Journal of Financial Economics, Elsevier, vol. 120(2), pages 363-382.
    7. Egan, Mark & Matvos, Gregor & Seru, Amit, 2018. "Arbitration with Uninformed Consumers," Research Papers 3768, Stanford University, Graduate School of Business.
    8. Closset, Frédéric & Großmann, Christoph & Kaserer, Christoph & Urban, Daniel, 2023. "Corporate restructuring and creditor power: Evidence from European insolvency law reforms," Journal of Banking & Finance, Elsevier, vol. 149(C).
    9. Müller, Karsten, 2022. "Busy bankruptcy courts and the cost of credit," Journal of Financial Economics, Elsevier, vol. 143(2), pages 824-845.
    10. Annabi, Amira & Breton, Michèle & François, Pascal, 2021. "Could Chapter 11 redeem itself? Wealth and welfare effects of the redemption option," International Review of Law and Economics, Elsevier, vol. 67(C).
    11. Leyman, Bart & Schoors, Koen J.L. & Coussement, Peter, 2011. "Does court-supervised reorganization work? Evidence from post-confirmation firm failure," International Review of Law and Economics, Elsevier, vol. 31(3), pages 149-168, September.
    12. Miftah Zikri & Syed Shams & Afzalur Rashid & Chandrasekhar Krishnamurti, 2024. "Does size matter? Examining the probability of firm emergence from bankruptcy," International Review of Finance, International Review of Finance Ltd., vol. 24(4), pages 669-713, December.
    13. Tarantino, E.T., 2009. "Bankruptcy Law and Corporate Investment Decisions," Discussion Paper 2009-86, Tilburg University, Center for Economic Research.
    14. Capkun, Vedran & Ors, Evren, 2021. "Replacing key employee retention plans with incentive plans in bankruptcy," Accounting, Organizations and Society, Elsevier, vol. 94(C).
    15. Meradj Morteza Pouraghdam, 2016. "Three essays on the role of frictions in the economy [Trois essais sur le rôle du désaccord en économie]," SciencePo Working papers Main tel-03498781, HAL.
    16. Gupta, Jairaj & Chaudhry, Sajid, 2019. "Mind the tail, or risk to fail," Journal of Business Research, Elsevier, vol. 99(C), pages 167-185.
    17. Sreyan Chatterjee & Gausia Shaikh & Bhargavi Zaveri, 2017. "Watching India's Insolvency Reforms: A New Dataset of Insolvency Cases," Working Papers id:12105, eSocialSciences.
    18. Ewelina Mruk & Inmaculada Aguiar-Díaz & Maria Victoria Ruiz-Mallorquí, 2019. "Use of formal insolvency procedure and judicial efficiency in Spain," European Journal of Law and Economics, Springer, vol. 47(3), pages 435-470, June.
    19. Chad Brown & Jeronimo Carballo & Alessandro Peri, 2022. "Bankruptcy Shocks and Legal Labor Markets: Evidence from the Court Competition Era," Papers 2202.00044, arXiv.org.
    20. Rossi, Stefano & Yun, Hayong, 2024. "The political economy of municipal bankruptcy," Economics Letters, Elsevier, vol. 239(C).
    21. Zacharias Sautner & Vladimir Vladimirov, 2018. "Indirect Costs of Financial Distress and Bankruptcy Law: Evidence from Trade Credit and Sales [Bankruptcy codes and innovations]," Review of Finance, European Finance Association, vol. 22(5), pages 1667-1704.
    22. Benjamin Iverson, 2018. "Get in Line: Chapter 11 Restructuring in Crowded Bankruptcy Courts," Management Science, INFORMS, vol. 64(11), pages 5370-5394, November.
    23. Cesar Tamayo, 2015. "Investor protection and optimal contracts under risk aversion and costly state verification," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(3), pages 547-577, August.
    24. Pascal François & Alon Raviv, 2014. "Heterogeneous Beliefs and the Choice Between Private Restructuring and Formal Bankruptcy," Cahiers de recherche 1401, CIRPEE.
    25. Kris Boudt & Florencio López-de-Silanes & Rafael Matta & Shilin Zhang, 2024. "Pro-Debtor Bias, Court Shopping, and Bankruptcy Outcomes," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 24/1088, Ghent University, Faculty of Economics and Business Administration.

  47. Gennaioli, Nicola & Rossi, Stefano, 2008. "Optimal Resolutions of Financial Distress by Contract," CEI Working Paper Series 2008-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.

    Cited by:

    1. Nicola Gennaioli & Stefano Rossi, 2010. "Judicial Discretion in Corporate Bankruptcy," The Review of Financial Studies, Society for Financial Studies, vol. 23(11), pages 4078-4114, November.
    2. Simeon Djankov & Oliver Hart & Caralee McLiesh & Andrei Shleifer, 2008. "Debt Enforcement around the World," Journal of Political Economy, University of Chicago Press, vol. 116(6), pages 1105-1149, December.
    3. World Bank, 2009. "Good Governance in Public-Private Partnerships : A Resource Guide for Practitioners," World Bank Publications - Reports 12665, The World Bank Group.
    4. Armour John & Hsu Audrey Wen-hsin & Walters Adrian, 2012. "The Costs and Benefits of Secured Creditor Control in Bankruptcy: Evidence from the UK," Review of Law & Economics, De Gruyter, vol. 8(1), pages 101-135, May.

  48. Gennaioli, Nicola & Shleifer, Andrei, 2007. "Overruling and the instability of law," Scholarly Articles 27867133, Harvard University Department of Economics.

    Cited by:

    1. Guerriero, Carmine, 2016. "Endogenous legal traditions and economic outcomes," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 416-433.
    2. Matthew C. Stephenson, 2009. "Legal Realism for Economists," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 191-211, Spring.
    3. Carsten Hefeker & Michael Neugart, 2007. "Labor Market Regulation and the Legal System," CESifo Working Paper Series 2041, CESifo.
    4. Rossi, Stefano & Grinstein, Yaniv, 2014. "Good Monitoring, Bad Monitoring," CEPR Discussion Papers 9960, C.E.P.R. Discussion Papers.
    5. Guido Cozzi & Silvia Galli, 2012. "Sequential R&D and Blocking Patents in the Dynamics of Growth," Department of Economics Working Papers 2012_02, Durham University, Department of Economics.
    6. Anderlini, Luca & Felli, Leonardo & Riboni, A., 2008. "Statute law or case law?," LSE Research Online Documents on Economics 4433, London School of Economics and Political Science, LSE Library.
    7. Catherine F. Brooks & Brigitte Juanals & Jean-Luc Minel, 2024. "Environmental Debates in the Media: The Case of Hardrock Mining in Arizona and Energy Transition Dilemmas," SAGE Open, , vol. 14(3), pages 21582440241, August.
    8. Ying Chen & Hülya Eraslan, 2020. "Learning while setting precedents," RAND Journal of Economics, RAND Corporation, vol. 51(4), pages 1222-1252, December.
    9. Baumann, Florian & Fagan, Frank, 2023. "When more isn’t always better: The ambiguity of fully transparent judicial action and unrestricted publication rules," International Review of Law and Economics, Elsevier, vol. 75(C).
    10. Guerriero, Carmine, 2016. "Endogenous legal traditions," International Review of Law and Economics, Elsevier, vol. 46(C), pages 49-69.
    11. Niblett, Anthony, 2013. "Tracking inconsistent judicial behavior," International Review of Law and Economics, Elsevier, vol. 34(C), pages 9-20.
    12. Luca Anderlini & Leonardo Felli & Alessandro Riboni, 2014. "Why Stare Decisis?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 726-738, October.
    13. Thomas J. Miceli, 2008. "Legal Change and the Social Value of Lawsuits," Working papers 2008-34, University of Connecticut, Department of Economics.
    14. Anna B. Faria & John Robert Subrick, 2023. "After Shleifer, who needs Mises?," Southern Economic Journal, John Wiley & Sons, vol. 89(3), pages 680-693, January.
    15. Sergey Stepanov, 2007. "Shareholder Access to Manager-Biased Courts and the Monitoring/Litigation Tradeoff," Working Papers w0106, New Economic School (NES).
    16. Luca Anderlini & Leonardo Felli & Alessandro Riboni, 2018. "Legal Efficiency and Consistency," Working Papers gueconwpa~18-18-12, Georgetown University, Department of Economics.
    17. Gerhard Schnyder & Mathias Siems & Ruth Aguilera & Centre for Business Research, 2018. "Twenty Years of 'Law & Finance': Time to Take Law Seriously," Working Papers wp501, Centre for Business Research, University of Cambridge.
    18. Cozzi, Guido & Galli, Silvia, 2011. "Upstream innovation protection: common law evolution and the dynamics of wage inequality," MPRA Paper 31902, University Library of Munich, Germany.
    19. Massenot, Baptiste, 2011. "Financial development in adversarial and inquisitorial legal systems," Journal of Comparative Economics, Elsevier, vol. 39(4), pages 602-608.
    20. Álvaro Bustos, 2020. "How Does Court Stability Affect Legal Stability?," Documentos de Trabajo 535, Instituto de Economia. Pontificia Universidad Católica de Chile..
    21. Guerriero, C., 2009. "Democracy, Judicial Attitudes and Heterogeneity: The Civil Versus Common Law Tradition," Cambridge Working Papers in Economics 0917, Faculty of Economics, University of Cambridge.

  49. Gennaioli, Nicola & Shleifer, Andrei, 2007. "The Evolution of Common Law," Scholarly Articles 3451305, Harvard University Department of Economics.

    Cited by:

    1. Chen, Daniel L. & Frankenreiter, Jens & Yeh, Susan, 2016. "Judicial Compliance in District Courts," IAST Working Papers 16-55, Institute for Advanced Study in Toulouse (IAST).
    2. Matthew C. Stephenson, 2009. "Legal Realism for Economists," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 191-211, Spring.
    3. Auerbach, Jan U. & Fonseca, Miguel A., 2020. "Preordered service in contract enforcement," Games and Economic Behavior, Elsevier, vol. 122(C), pages 130-149.
    4. Giacomo A. M. Ponzetto & Patricio A. Fernandez, 2008. "Case Law versus Statute Law: An Evolutionary Comparison," The Journal of Legal Studies, University of Chicago Press, vol. 37(2), pages 379-430, June.
    5. Anthony Niblett & Richard A. Posner & Andrei Shleifer, "undated". "The Evolution of a Legal Rule," Working Paper 19510, Harvard University OpenScholar.
    6. Chen, Daniel L. & Lind, Jo Thori, 2016. "The Political Economy of Beliefs: Why Fiscal and Social Conservatives/Liberals (Sometimes) Come Hand-in-Hand," TSE Working Papers 16-722, Toulouse School of Economics (TSE).
    7. Chen, Ying & Eraslan, Hulya, 2018. "Learning While Setting Precedents," Working Papers 18-001, Rice University, Department of Economics.
    8. Eric Hilt, 2009. "Wall Street's First Corporate Governance Crisis: The Panic of 1826," NBER Working Papers 14892, National Bureau of Economic Research, Inc.
    9. Ojo, Marianne, 2015. "Harmonisation du Hayek et Posner: Posner, Hayek et l'analyse économique du droit [Harmonising Hayek and Posner: revisiting Posner, Hayek & the economic analysis of Law]," MPRA Paper 65190, University Library of Munich, Germany.
    10. Carsten Hefeker & Michael Neugart, 2007. "Labor Market Regulation and the Legal System," CESifo Working Paper Series 2041, CESifo.
    11. Mikhail Drugov & Marta Troya-Martinez, 2018. "Vague lies and lax standards of proof: On the law and economics of advice," Working Papers w0246, Center for Economic and Financial Research (CEFIR).
    12. Chen, Daniel L., 2023. "Judicial compliance in district courts," International Review of Law and Economics, Elsevier, vol. 74(C).
    13. Stelios Michalopoulos & Luc Laeven & Ross Levine, 2011. "Financial Innovation and Endogenous Growth," Economics Working Papers 0097, Institute for Advanced Study, School of Social Science.
    14. Elliott Ash & W. Bentley MacLeod, 2014. "Intrinsic Motivation in Public Service: Theory and Evidence from State Supreme Courts," NBER Working Papers 20664, National Bureau of Economic Research, Inc.
    15. Giacomo A.M. Ponzetto & Nicola Gennaioli, 2015. "Optimally Vague Contracts and the Law," Working Papers 747, Barcelona School of Economics.
    16. Guido Cozzi & Silvia Galli, 2012. "Sequential R&D and Blocking Patents in the Dynamics of Growth," Department of Economics Working Papers 2012_02, Durham University, Department of Economics.
    17. Andreea Cosnita-Langlais & Jean-Philippe Tropeano, 2022. "Learning by litigating: An application to antitrust commitments," PSE-Ecole d'économie de Paris (Postprint) halshs-03673242, HAL.
    18. Nicola Gennaioli & Andrei Shleifer, 2008. "Judicial Fact Discretion," The Journal of Legal Studies, University of Chicago Press, vol. 37(1), pages 1-35, January.
    19. Hadfield, Gillian K., 2011. "The dynamic quality of law: The role of judicial incentives and legal human capital in the adaptation of law," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1-2), pages 80-94, June.
    20. Thomas J. Miceli, 2008. "The Social versus Private Incentive to Sue," Working papers 2008-12, University of Connecticut, Department of Economics.
    21. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Salience Theory of Judicial Decisions," NBER Working Papers 19695, National Bureau of Economic Research, Inc.
    22. Nicola Gennaioli & Giacomo A. M. Ponzetto, 2015. "Contract Innovation and Legal Evolution under Imperfect Enforcement," Working Papers 836, Barcelona School of Economics.
    23. Baumann, Florian & Fagan, Frank, 2023. "When more isn’t always better: The ambiguity of fully transparent judicial action and unrestricted publication rules," International Review of Law and Economics, Elsevier, vol. 75(C).
    24. Thomas J. Miceli, 2011. "The Use of Economics for Understanding Law: An Economist's View of the Cathedral," Working papers 2011-25, University of Connecticut, Department of Economics.
    25. Guerriero, Carmine, 2016. "Endogenous legal traditions," International Review of Law and Economics, Elsevier, vol. 46(C), pages 49-69.
    26. Tom S. Clark & B. Pablo Montagnes & Jörg L. Spenkuch, 2018. "Politics from the Bench? Ideology and Strategic Voting in the U.S. Supreme Court," CESifo Working Paper Series 7264, CESifo.
    27. Niblett, Anthony, 2013. "Tracking inconsistent judicial behavior," International Review of Law and Economics, Elsevier, vol. 34(C), pages 9-20.
    28. Luca Anderlini & Leonardo Felli & Alessandro Riboni, 2014. "Why Stare Decisis?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 726-738, October.
    29. Ben Chen & José A. Rodrigues-Neto, 2023. "The interaction of emotions and cost-shifting rules in civil litigation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(3), pages 841-885, April.
    30. Ash, Elliott & Morelli, Massimo & Vannoni, Matia, 2022. "More Laws, More Growth? Evidence from U.S. States," CEPR Discussion Papers 15629, C.E.P.R. Discussion Papers.
    31. Charles M. Cameron & Lewis A. Kornhauser, 2017. "Rational choice attitudinalism?," European Journal of Law and Economics, Springer, vol. 43(3), pages 535-554, June.
    32. Thomas J. Miceli, 2008. "Legal Change and the Social Value of Lawsuits," Working papers 2008-34, University of Connecticut, Department of Economics.
    33. Anna B. Faria & John Robert Subrick, 2023. "After Shleifer, who needs Mises?," Southern Economic Journal, John Wiley & Sons, vol. 89(3), pages 680-693, January.
    34. Andrei Shleifer, 2010. "Efficient Regulation," NBER Chapters, in: Regulation vs. Litigation: Perspectives from Economics and Law, pages 27-43, National Bureau of Economic Research, Inc.
    35. Mohammad Amin & Priya Ranjan, 2008. "When Does Legal Origin Matter?," Working Papers 080912, University of California-Irvine, Department of Economics.
    36. Giovanni Maggi & Robert W. Staiger, 2017. "Learning by Ruling and Trade Disputes," NBER Working Papers 23774, National Bureau of Economic Research, Inc.
    37. Andrei Shleifer & Florencio Lopez-de-Silanes & Rafael La Porta, 2008. "The Economic Consequences of Legal Origins," Journal of Economic Literature, American Economic Association, vol. 46(2), pages 285-332, June.
    38. Gennaioli, Nicola & Shleifer, Andrei, 2007. "Overruling and the instability of law," Scholarly Articles 27867133, Harvard University Department of Economics.
    39. Sultan Mehmood & Avner Seror, 2021. "Religious Leaders and Rule Of Law," Working Papers w0280, New Economic School (NES).
    40. Jeffrey Macher & John Mayo, 2012. "The World of Regulatory Influence," Journal of Regulatory Economics, Springer, vol. 41(1), pages 59-79, February.
    41. Tom S Clark, 2016. "Scope and precedent: judicial rule-making under uncertainty," Journal of Theoretical Politics, , vol. 28(3), pages 353-384, July.
    42. Elliott Ash & Daniel L. Chen & Suresh Naidu, 2022. "Ideas Have Consequences : The Impact of Law and Economics on American Justice," Working Papers hal-03899739, HAL.
    43. Dari-Mattiacci, Giuseppe & Deffains, Bruno & Lovat, Bruno, 2011. "The dynamics of the legal system," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1), pages 95-107.
    44. Brian C. Albrecht & Joshua R. Hendrickson & Alexander William Salter, 2022. "Evolution, uncertainty, and the asymptotic efficiency of policy," Public Choice, Springer, vol. 192(1), pages 169-188, July.
    45. Chen, Daniel L. & Yeh, Susan, 2016. "Government Expropriation Increases Economic Growth and Racial Inequality: Evidence from Eminent Domain," IAST Working Papers 16-46, Institute for Advanced Study in Toulouse (IAST).
    46. Giovanni Maggi & Robert W. Staiger, 2008. "On the Role and Design of Dispute Settlement Procedures in International Trade Agreements," NBER Working Papers 14067, National Bureau of Economic Research, Inc.
    47. Keith N. Hylton & Haizhen Lin, 2009. "Trial Selection Theory: A Unified Model," Working Papers 2009-06, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    48. Hadfield, Gillian K., 2008. "The levers of legal design: Institutional determinants of the quality of law," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 43-73, March.
    49. Ash, Elliott & MacLeod, W. Bentley, 2021. "Reducing partisanship in judicial elections can improve judge quality: Evidence from U.S. state supreme courts," Journal of Public Economics, Elsevier, vol. 201(C).
    50. Carsten Hefeker, 2019. "Political polarization, term length and too much delegation," Constitutional Political Economy, Springer, vol. 30(1), pages 50-69, March.
    51. Randall Morck & Bernard Yeung, 2010. "Agency Problems and the Fate of Capitalism," NBER Working Papers 16490, National Bureau of Economic Research, Inc.
    52. Luca Anderlini & Leonardo Felli & Alessandro Riboni, 2018. "Legal Efficiency and Consistency," Working Papers gueconwpa~18-18-12, Georgetown University, Department of Economics.
    53. Andra Ghent, 2014. "How Do Case Law and Statute Differ? Lessons from the Evolution of Mortgage Law," Journal of Law and Economics, University of Chicago Press, vol. 57(4), pages 1085-1122.
    54. Thomas J. Miceli, 2008. "An Equilibrium Model of Lawmaking," Working papers 2008-16, University of Connecticut, Department of Economics.
    55. Grajzl, Peter & Murrell, Peter, 2016. "A Darwinian theory of institutional evolution two centuries before Darwin?," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 346-372.
    56. Marciano, Alain & Khalil, Elias L., 2012. "Optimization, path dependence and the law: Can judges promote efficiency?," International Review of Law and Economics, Elsevier, vol. 32(1), pages 72-82.
    57. Sean Farhang & Jonathan P. Kastellec & Gregory J. Wawro, 2015. "The Politics of Opinion Assignment and Authorship on the US Court of Appeals: Evidence from Sexual Harassment Cases," The Journal of Legal Studies, University of Chicago Press, vol. 44(S1), pages 59-85.
    58. Crettez, Bertrand & Deffains, Bruno & Musy, Olivier, 2014. "Legal convergence and endogenous preferences," International Review of Law and Economics, Elsevier, vol. 39(C), pages 20-27.
    59. Adam B. Badawi & Scott Baker, 2015. "Appellate Lawmaking in a Judicial Hierarchy," Journal of Law and Economics, University of Chicago Press, vol. 58(1), pages 139-172.
    60. Gani Aldashev & Imane Chaara & Jean-Philippe Platteau & Zaki Wahhaj, 2010. "Using the Law to Change the Custom," Working Papers 2010.60, Fondazione Eni Enrico Mattei.
    61. Cozzi, Guido & Galli, Silvia, 2011. "Upstream innovation protection: common law evolution and the dynamics of wage inequality," MPRA Paper 31902, University Library of Munich, Germany.
    62. Yonatan Lupu & James H. Fowler, 2013. "Strategic Citations to Precedent on the U.S. Supreme Court," The Journal of Legal Studies, University of Chicago Press, vol. 42(1), pages 151-186.
    63. Massenot, Baptiste, 2011. "Financial development in adversarial and inquisitorial legal systems," Journal of Comparative Economics, Elsevier, vol. 39(4), pages 602-608.
    64. Álvaro Bustos, 2020. "How Does Court Stability Affect Legal Stability?," Documentos de Trabajo 535, Instituto de Economia. Pontificia Universidad Católica de Chile..
    65. Guerriero, C., 2009. "Democracy, Judicial Attitudes and Heterogeneity: The Civil Versus Common Law Tradition," Cambridge Working Papers in Economics 0917, Faculty of Economics, University of Cambridge.
    66. Ekaterina Ponomareva & Alexandra Bozhechkova & Alexandr Knobel, 2012. "Factors of Economic Growth," Published Papers 172, Gaidar Institute for Economic Policy, revised 2013.
    67. Giri Parameswaran, 2012. "Ruling Narrowly: Learning and Law Creation," Working Papers 1419, Princeton University, Department of Economics, Econometric Research Program..
    68. Rustam Romaniuc, 2012. "Judicial Dissent under Externalities and Incomplete Information," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 6(3), pages 209-224, October.
    69. Florian Engl, 2020. "Ideological Motivation and Group Decision-Making," CESifo Working Paper Series 8742, CESifo.
    70. Mark Kanazawa & Mark T. Kanazawa, 2016. "Precedent and the content of the law: Lessons from the evolution of groundwater law in early 20th century California," Working Papers 2016-04, Carleton College, Department of Economics.
    71. Patricio A. Fernandez & Giacomo A. M. Ponzetto, 2012. "Stare Decisis: Rhetoric and Substance," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 28(2), pages 313-336.
    72. Diana W. Thomas & Michael D. Thomas, 2022. "Regulation, competition, and the social control of business," Public Choice, Springer, vol. 193(1), pages 109-125, October.
    73. Chen, Daniel L. & Michaeli, Moti & Spiro, Daniel, 2016. "Ideological Perfectionism," TSE Working Papers 16-694, Toulouse School of Economics (TSE).
    74. Daniel L. Chen, 2015. "Can markets stimulate rights? On the alienability of legal claims," RAND Journal of Economics, RAND Corporation, vol. 46(1), pages 23-65, March.
    75. Le Bris, David, 2013. "Customary versus Civil Law within Old Regime France," MPRA Paper 52123, University Library of Munich, Germany.
    76. Robin Christmann, 2014. "No Judge, No Job! Court errors and the contingent labor contract," European Journal of Law and Economics, Springer, vol. 38(3), pages 409-429, December.
    77. Chen, Daniel L., 2024. "Priming ideology I: Why do presidential elections affect U.S. judges," European Economic Review, Elsevier, vol. 169(C).
    78. Flavio Menezes, 2013. "The Failure of Judges and the Rise of Regulators by Andrei Shleifer ( MIT Press , Cambridge, Massachusetts , 2012 ), pp. 343 ," The Economic Record, The Economic Society of Australia, vol. 89(287), pages 577-580, December.
    79. Anthony Niblett, 2017. "On the efficiency of the common law: an application to the recovery of rewards," European Journal of Law and Economics, Springer, vol. 43(3), pages 393-417, June.

  50. Francesco Caselli & Nicola Gennaioli, 2007. "Economics and Politics of Alternative Institutional Reforms," CEP Discussion Papers dp0775, Centre for Economic Performance, LSE.

    Cited by:

    1. Oleksandr Sydorov, 2023. "Classification Signs of Changes in the Economy," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 125-131, December.
    2. Wang, Yong, 2015. "A model of sequential reforms and economic convergence: The case of China," China Economic Review, Elsevier, vol. 32(C), pages 1-26.
    3. Saint-Paul, Gilles, 2018. "Pareto-Improving Structural Reforms," IZA Discussion Papers 11995, Institute of Labor Economics (IZA).
    4. Gennaioli, Nicola & Rossi, Stefano & Martín, Alberto, 2010. "Sovereign Default, Domestic Banks and Financial Institutions," CEPR Discussion Papers 7955, C.E.P.R. Discussion Papers.
    5. Gani Aldashev, 2009. "Legal institutions, political economy, and development," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 25(2), pages 257-270, Summer.
    6. Djankov, Simeon, 2008. "The Regulation of Entry: A Survey," CEPR Discussion Papers 7080, C.E.P.R. Discussion Papers.
    7. Bonfiglioli, Alessandra, 2010. "Investor Protection and Income Inequality: Risk Sharing vs Risk Taking," CEPR Discussion Papers 7853, C.E.P.R. Discussion Papers.
    8. Stefanadis, Christodoulos, 2023. "Oligarchy, underutilized capacity, and government policy," European Economic Review, Elsevier, vol. 160(C).
    9. Besley, Timothy & Ghatak, Maitreesh, 2009. "The de Soto effect," LSE Research Online Documents on Economics 25429, London School of Economics and Political Science, LSE Library.
    10. Timothy Besley & Torsten Persson, 2011. "Pillars of Prosperity: The Political Economics of Development Clusters," Economics Books, Princeton University Press, edition 1, number 9624.
    11. Antonio Antunes & Tiago Cavalcanti & Anne Villamil, 2012. "The Effects of Credit Subsidies on Development," Centre for Growth and Business Cycle Research Discussion Paper Series 176, Economics, The University of Manchester.
    12. Sebastian Galiani & Gustavo Torrens, 2013. "Autocracy, Democracy and Trade Policy," NBER Working Papers 19321, National Bureau of Economic Research, Inc.
    13. Ghatak, Maitreesh & Aney, Madhav S & Morelli, Massimo, 2013. "Can Market Failure Cause Political Failure?," CAGE Online Working Paper Series 122, Competitive Advantage in the Global Economy (CAGE).
    14. Jaax, Alexander, 2020. "Private sector development and provincial patterns of poverty: Evidence from Vietnam," World Development, Elsevier, vol. 127(C).
    15. Aneya, Madhav S. & Ghatak, Maitreesh & Morelli, Massimo, 2016. "Credit market frictions and political failure," LSE Research Online Documents on Economics 66487, London School of Economics and Political Science, LSE Library.
    16. Russo Francesco Flaviano, 2018. "Informality: the Doorstep of the Legal System," Open Economics, De Gruyter, vol. 1(1), pages 49-70, June.
    17. Jacopo Ponticelli & Leonardo S. Alencar, 2016. "Court Enforcement, Bank Loans, and Firm Investment: Evidence from a Bankruptcy Reform in Brazil," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(3), pages 1365-1413.
    18. Kira Boerner & Christa Hainz, 2009. "The political economy of corruption and the role of economic opportunities1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(2), pages 213-240, April.
    19. Gurvich, Evsey, 2016. "Institutional constraints and economic development," Russian Journal of Economics, Elsevier, vol. 2(4), pages 349-374.
    20. Ana Fernandes, 2008. "Endogenous Political Economy: On the Inevitability of Inefficiency under the Natural Resource Curse," Diskussionsschriften dp0802, Universitaet Bern, Departement Volkswirtschaft.
    21. Maria Rosaria Carillo & Vincenzo Lombardo & Alberto Zazzaro, 2013. "Family Firm Connections and Entrepreneurial Human Capital in the Process of Development," Mo.Fi.R. Working Papers 89, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.

  51. Francesco Caselli & Nicola Gennaioli, 2006. "Dynastic Management," CEP Discussion Papers dp0741, Centre for Economic Performance, LSE.

    Cited by:

    1. Simeon D. Alder, 2016. "In the Wrong Hands: Complementarities, Resource Allocation, and TFP," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 199-241, January.
    2. Castaneda, Gonzalo, 2006. "Economic growth and concentrated ownership in stock markets," Journal of Economic Behavior & Organization, Elsevier, vol. 59(2), pages 249-286, February.
    3. Salvatore Lo Bello & Iacopo Morchio, 2022. "Like father, like son: Occupational choice, intergenerational persistence and misallocation," Quantitative Economics, Econometric Society, vol. 13(2), pages 629-679, May.
    4. Katarzyna Anna Bilicka & Sepideh Raei, 2020. "Output Distortions and the Choice of Legal Form of Organization," CESifo Working Paper Series 8756, CESifo.
    5. Zhou, Fujin & Oostendorp, Remco, 2024. "Big distortions, small efficiency loss: Measuring resource misallocation with complementary distortions in Vietnam," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 244-261.
    6. Francesco Caselli & Nicola Gennaioli, 2007. "Economics and Politics of Alternative Institutional Reforms," CEP Discussion Papers dp0775, Centre for Economic Performance, LSE.
    7. Randall Morck & Daniel Wolfenzon & Bernard Yeung, 2004. "Corporate Governance, Economic Entrenchment and Growth," NBER Working Papers 10692, National Bureau of Economic Research, Inc.
    8. Richard Rogerson & Diego Restuccia, 2004. "Policy Distortions and Aggregate Productivity with Heterogeneous Plants," 2004 Meeting Papers 69, Society for Economic Dynamics.
    9. Andrew Ellul & Marco Pagano & Fausto Panunzi, 2010. "Inheritance Law and Investment in Family Firms," American Economic Review, American Economic Association, vol. 100(5), pages 2414-2450, December.
    10. HOSONO Kaoru, 2009. "Financial Crisis, Firm Dynamics and Aggregate Productivity in Japan," Discussion papers 09012, Research Institute of Economy, Trade and Industry (RIETI).
    11. Laurent Bach & Nicolas Serrano-Velarde, 2009. "The Power of Dynastic Commitment," Working Papers 0924, Oxford University Centre for Business Taxation.
    12. Hajime Tomura, 2007. "Firms Dynamics, Bankruptcy Laws and Total Factor Productivity," Staff Working Papers 07-17, Bank of Canada.
    13. Claudio Michelacci & Fabiano Schivardi, 2010. "Does Idiosyncratic Business Risk Matter?," Working Papers CELEG 1002, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    14. Michele Bernasconi & Paola Profeta, 2007. "Redistribution or Education? The Political Economy of the Social Race," CESifo Working Paper Series 1934, CESifo.
    15. Di Caro, Paolo, 2014. "Recessions, recoveries and regional resilience: Evidence on Italy," MPRA Paper 60297, University Library of Munich, Germany.
    16. Charles I. Jones, 2008. "Intermediate Goods, Weak Links, and Superstars: A Theory of Economic Development," NBER Working Papers 13834, National Bureau of Economic Research, Inc.
    17. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," NBER Working Papers 23422, National Bureau of Economic Research, Inc.
    18. Bennedsen, Morten & Nielsen, Kasper & Pérez-González, Francisco & Wolfenzon, Daniel, 2005. "Inside the Family Firm," Working Papers 21-2005, Copenhagen Business School, Department of Economics.
    19. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    20. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2010. "Quantifying the Impact of Financial Development on Economic Development," Economie d'Avant Garde Research Reports 17, Economie d'Avant Garde.
    21. Sumru Altug & Fabio Canova, 2012. "Do Institutions and Culture Matter for Business Cycles?," Working Papers 627, Barcelona School of Economics.
    22. Rui Castro & Gian Luca Clementi & Glenn McDonald, 2007. "Legal Institutions, Sectoral Heterogeneity, and Economic Development," Working Paper series 05_07, Rimini Centre for Economic Analysis.
    23. Jang-Ting Guo & Yutaro Izumi & Yi-Chan Tsai, 2015. "Resource Misallocation and Aggregate Productivity under Progressive Taxation," Working Papers 201502, University of California at Riverside, Department of Economics.
    24. Marco Cucculelli & Valentina Peruzzi & Alberto Zazzaro, 2019. "Relational capital in lending relationships: evidence from European family firms," Small Business Economics, Springer, vol. 52(1), pages 277-301, January.
    25. Kumari, Ranpati Dewage Thilini Sumudu & Chen, Shawn Xiaoguang & Li, Bei & Tang, Sam Hak Kan, 2023. "Can land misallocation be a greater barrier to development than capital? Evidence from manufacturing firms in Sri Lanka," Economic Modelling, Elsevier, vol. 126(C).
    26. Prat, Andrea & Bandiera, Oriana & Sadun, Raffaella & Lemos, Renata, 2015. "Managing the Family Firm: Evidence from CEOs at Work," CEPR Discussion Papers 10379, C.E.P.R. Discussion Papers.
    27. Nicola Gennaioli & Rafael Laporta & Florencio López-de-Silanes & Andrei Schleifer, 2011. "Human capital and regional development," Economics Working Papers 1286, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2012.
    28. Cingano, Federico & Pinotti, Paolo, 2016. "Trust, firm organization, and the pattern of comparative advantage," Journal of International Economics, Elsevier, vol. 100(C), pages 1-13.
    29. Chang-Tai Hsieh & Peter J. Klenow, 2007. "Misallocation and Manufacturing TFP in China and India," Discussion Papers 07-006, Stanford Institute for Economic Policy Research.
    30. Anton, Sorin Gabriel & Nucu, Anca Elena Afloarei, 2022. "On the role of institutional factors in shaping working capital management policies: Empirical evidence from European listed firms," Economic Systems, Elsevier, vol. 46(2).
    31. Raoul Minetti & Pierluigi Murro & Monica Paiella, 2011. "Ownership structure, governance, and innovation: Evidence from Italy," Discussion Papers 1_2011, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    32. Guner, Nezih & Ventura, Gustavo & Xu, Daniel Yi, 2007. "Macroeconomic Implications of Size-Dependent Policies," CEPR Discussion Papers 6138, C.E.P.R. Discussion Papers.
    33. Alberto Alesina & George-Marios Angeletos, 2004. "Fairness and Redistribution," NajEcon Working Paper Reviews 122247000000000306, www.najecon.org.
    34. Randall Morck, 2005. "How to Eliminate Pyramidal Business Groups: The Double Taxation of Intercorporate Dividends and Other Incisive Uses of Tax Policy," NBER Chapters, in: Tax Policy and the Economy, Volume 19, pages 135-179, National Bureau of Economic Research, Inc.
    35. Sara Calligaris, 2015. "Misallocation and Total Factor Productivity in Italy: Evidence from Firm-Level Data," LABOUR, CEIS, vol. 29(4), pages 367-393, December.
    36. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2020. "Capital Accumulation and Structural Transformation [“Capital Deepening and Nonbalanced Economic Growth”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 1037-1094.
    37. Alessandra Bonfiglioli & Gino Gancia, 2009. "Growth, selection and appropriate contracts," Economics Working Papers 1345, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2012.
    38. David Rezza Baqaee & Emmanuel Farhi, 2017. "Productivity and Misallocation in General Equilibrium," NBER Working Papers 24007, National Bureau of Economic Research, Inc.
    39. Ines Lindner & Holger Strulik, 2012. "From Tradition to Modernity: Economic Growth in a Small World," Tinbergen Institute Discussion Papers 12-035/1, Tinbergen Institute.
    40. Ruben Durante & Giovanna Labartino & Roberto Perotti, 2011. "Academic Dynasties: Decentralization and Familism in the Italian Academia," NBER Working Papers 17572, National Bureau of Economic Research, Inc.
    41. Matthias Doepke, "undated". "Occupational Choice and the Spirit of Capitalism," UCLA Economics Online Papers 419, UCLA Department of Economics.
    42. Larrain, Borja & Tapia, Matías & Urzúa I., Francisco, 2017. "Investor protection and corporate control," Journal of Corporate Finance, Elsevier, vol. 47(C), pages 174-190.
    43. Bilanakos, Christos & Heywood, John S. & Sessions, John & Theodoropoulos, Nikolaos, 2018. "Does demand for product quality increase worker training?," Journal of Economic Behavior & Organization, Elsevier, vol. 155(C), pages 159-177.
    44. Erwan Quintin, 2003. "Limited enforcement and the organization of production," Working Papers 0109, Federal Reserve Bank of Dallas.
    45. Manuel Oechslin, 2006. "Creditor Protection and the Dynamics of the Distribution in Oligarchic Societies," DEGIT Conference Papers c011_052, DEGIT, Dynamics, Economic Growth, and International Trade.
    46. Lu, Yi & Tao, Zhigang, 2009. "Contract enforcement and family control of business: Evidence from China," Journal of Comparative Economics, Elsevier, vol. 37(4), pages 597-609, December.
    47. Ashantha Ranasinghe & Diego Restuccia, 2016. "Financial Frictions and the Rule of Law," Working Papers tecipa-554, University of Toronto, Department of Economics.
    48. Ufuk Akcigit & Harun Alp & Michael Peters, 2021. "Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries," American Economic Review, American Economic Association, vol. 111(1), pages 231-275, January.
    49. Bernasconi, Michele & Profeta, Paola, 2012. "Public education and redistribution when talents are mismatched," European Economic Review, Elsevier, vol. 56(1), pages 84-96.
    50. Susan Perkins & Randall Morck & Bernard Yeung, 2008. "Innocents Abroad: The Hazards of International Joint Ventures with Pyramidal Group Firms," NBER Working Papers 13914, National Bureau of Economic Research, Inc.
    51. Grossmann, Volker & Strulik, Holger, 2010. "Should continued family firms face lower taxes than other estates?," Journal of Public Economics, Elsevier, vol. 94(1-2), pages 87-101, February.
    52. Bonfiglioli, Alessandra, 2010. "Investor Protection and Income Inequality: Risk Sharing vs Risk Taking," CEPR Discussion Papers 7853, C.E.P.R. Discussion Papers.
    53. Gustavo Ventura & Andrii Parkhomenko & Nezih Guner, 2015. "Managers and Productivity Differences," 2015 Meeting Papers 784, Society for Economic Dynamics.
    54. Amore, Mario Daniele & Minichilli, Alessandro & Corbetta, Guido, 2011. "How do managerial successions shape corporate financial policies in family firms?," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 1016-1027, September.
    55. Criscuolo, Chiara & Gal, Peter N. & Menon, Carlo, 2014. "The dynamics of employment growth: new evidence from 18 countries," LSE Research Online Documents on Economics 60286, London School of Economics and Political Science, LSE Library.
    56. Davila, Jessenia & Duran, Patricio & Gómez-Mejía, Luis & Sanchez-Bueno, Maria J., 2023. "Socioemotional wealth and family firm performance: A meta-analytic integration," Journal of Family Business Strategy, Elsevier, vol. 14(2).
    57. Manuel García-Santana & Roberto Ramos, 2015. "Distortions and the size distribution of plants: evidence from cross-country data," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 6(3), pages 279-312, August.
    58. Alberto Alesina & George-Marios Angeletos, 2002. "Fairness and Redistribution: US versus Europe," Harvard Institute of Economic Research Working Papers 1983, Harvard - Institute of Economic Research.
    59. Siegel, Jordan & Oberholzer-Gee, Felix, 2007. "Expropriators or Turnaround Artists? The Role of Controlling Families in South Korea (1985-2003)," CEI Working Paper Series 2006-19, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    60. Jonchi Shyu, 2011. "Family ownership and firm performance: evidence from Taiwanese firms," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 7(4), pages 397-411, September.
    61. Marianne Bertrand & Simon Johnson & Krislert Samphantharak & Antoinette Schoar, 2008. "Mixing Family With Business: A Study of Thai Business Groups and the Families Behind Them," NBER Working Papers 13738, National Bureau of Economic Research, Inc.
    62. Julian Neira, 2015. "Bankruptcy and Cross-Country Differences in Productivity," Discussion Papers 1511, University of Exeter, Department of Economics.
    63. Samuel E. Henly & Juan M. Sanchez, 2009. "The U.S. establishment-size distribution: secular changes and sectoral decomposition," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Fall), pages 419-454.
    64. Bhattacharya, Dhritiman & Guner, Nezih & Ventura, Gustavo, 2011. "Distortions, Endogenous Managerial Skills and Productivity Differences," IZA Discussion Papers 5963, Institute of Labor Economics (IZA).
    65. Philippon, Thomas, 2006. "Corporate governance over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2117-2141, November.
    66. Daron Acemoglu, 2008. "Oligarchic Versus Democratic Societies," Journal of the European Economic Association, MIT Press, vol. 6(1), pages 1-44, March.
    67. Doepke, Matthias & Zilibotti, Fabrizio, 2005. "Patience Capital and the Demise of the Aristocracy," Seminar Papers 735, Stockholm University, Institute for International Economic Studies.
    68. Charles I. Jones, 2011. "Misallocation, Economic Growth, and Input-Output Economics," NBER Working Papers 16742, National Bureau of Economic Research, Inc.
    69. Galina Zudenkova, 2015. "Political cronyism," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 44(3), pages 473-492, March.
    70. Chakraborty, Shankha & Thompson, Jon & Yehoue, Etienne, 2014. "The Culture of Entrepreneurship," MPRA Paper 56892, University Library of Munich, Germany.
    71. Ariel Burstein & Alexander Monge-Naranjo, 2007. "Foreign Know-How, Firm Control, and the Income of Developing Countries," NBER Working Papers 13073, National Bureau of Economic Research, Inc.
    72. Villalonga, Belen & Amit, Raphael, 2006. "How do family ownership, control and management affect firm value?," Journal of Financial Economics, Elsevier, vol. 80(2), pages 385-417, May.
    73. Yeh, Yin-Hua & Liao, Chen-Chieh, 2020. "The impact of product market competition and internal corporate governance on family succession," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
    74. Nzinga Broussard & Ralph Chami & Gregory Hess, 2003. "(Why) Do Self-Employed Parents Have More Children?," CESifo Working Paper Series 1103, CESifo.
    75. Cucculelli, Marco & Micucci, Giacinto, 2008. "Family succession and firm performance: Evidence from Italian family firms," Journal of Corporate Finance, Elsevier, vol. 14(1), pages 17-31, February.
    76. López-Martín Bernabé & Pérez-Reyna David, 2019. "Contracts, Firm Dynamics and Aggregate Productivity," Working Papers 2019-07, Banco de México.
    77. Stacchini, Massimiliano & Degasperi, Petra, 2015. "Trust, family businesses and financial intermediation," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 293-316.
    78. Özlem Yýldýrým-Öktem, 2010. "Generational Differences In Involvement Of Family Members In Governance And Management Of Turkish Family Business Groups And Background Characteristics Of Family Members," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 24(1+2), pages 41-66.
    79. Ek, Chanbora & Wu, Guiying Laura, 2018. "Investment-cash flow sensitivities and capital misallocation," Journal of Development Economics, Elsevier, vol. 133(C), pages 220-230.
    80. Coleman II, Wilbur John & Caselli, Francesco, 2000. "The World Technology Frontier," CEPR Discussion Papers 2584, C.E.P.R. Discussion Papers.
    81. Yu, Jian & Fu, Jiasha, 2021. "Credit rationing, innovation, and productivity: Evidence from small- and medium-sized enterprises in China," Economic Modelling, Elsevier, vol. 97(C), pages 220-230.
    82. Matthieu Chemin, 2007. "The Impact of the Judiciary on Economic Activity," Cahiers de recherche 0724, CIRPEE.
    83. Matthias Doepke, "undated". "Patience Capital, Occupational Choice, and the Spirit of Capitalism," UCLA Economics Online Papers 410, UCLA Department of Economics.
    84. Marco Cucculelli & Valentina Peruzzi & Alberto Zazzaro, 2016. "Learning from crisis: Relational capital in lending relationships: Evidence from European family firms," Mo.Fi.R. Working Papers 128, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    85. Vikas Mehrotra & Randall Morck & Jungwook Shim & Yupana Wiwattanakantang, 2010. "Must Love Kill the Family Firm?," NBER Working Papers 16340, National Bureau of Economic Research, Inc.
    86. Anaïs Hamelin-Schertzer, 2009. "Do small family businesses have a peculiar attitude toward growth? Evidence from French SMEs," Working Papers CEB 09-032.RS, ULB -- Universite Libre de Bruxelles.
    87. Diego Restuccia & Richard Rogerson, 2012. "Misallocation and Productivity," Working Papers tecipa-468, University of Toronto, Department of Economics.
    88. Morten Bennedsen & Kasper Nielsen & Francisco Pérez-González & Daniel Wolfenzon, 2005. "Inside the Family Firm: The Role of Families in Succession Decisions and Performance," CIE Discussion Papers 2005-13, University of Copenhagen. Department of Economics. Centre for Industrial Economics, revised Sep 2005.
    89. Chen, Guowen & Herrera, Ana María & Lugauer, Steven, 2022. "Policy and misallocation: Evidence from Chinese firm-level data," European Economic Review, Elsevier, vol. 149(C).
    90. Kuehn, Zoe, 2012. "Migration, Wages, and Parental Background: Obstacles to Entrepreneurship and Growth in East Germany," MPRA Paper 49250, University Library of Munich, Germany.
    91. Yeh, Yin-Hua & Liao, Chen-Chieh, 2021. "The impact of market and industry risk on family succession," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    92. Acemoglu, Daron, 2008. "Oligarchikus és demokratikus társadalmak [Oligarchic versus democratic societies]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 622-659.
    93. Jacopo Ponticelli & Leonardo S. Alencar, 2016. "Court Enforcement, Bank Loans, and Firm Investment: Evidence from a Bankruptcy Reform in Brazil," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(3), pages 1365-1413.
    94. Marianne Bertrand & Antoinette Schoar, 2006. "The Role of Family in Family Firms," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 73-96, Spring.
    95. Zheng (Michael) Song & Guiying (Laura) Wu, 2013. "A Structural Estimation on Capital Market Distortions in Chinese Manufacturing," Economic Growth Centre Working Paper Series 1306, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    96. Silva, André C., 2010. "Managerial ability and capital flows," Journal of Development Economics, Elsevier, vol. 93(1), pages 126-136, September.
    97. Munkacsi, Zsuzsa, 2015. "Fiscal austerity, unemployment and family firms," Discussion Papers 06/2015, Deutsche Bundesbank.
    98. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2016. "Capital Allocation Across Sectors: Evidence from a Boom in Agriculture," Working Papers Series 414, Central Bank of Brazil, Research Department.
    99. Uchida, Hirofumi & Yamada, Kazuo & Zazzaro, Alberto, 2023. "Management innovations in family firms after CEO successions: Evidence from Japanese SMEs," Japan and the World Economy, Elsevier, vol. 66(C).
    100. Gam, Yong Kyu & Kang, Min Jung & Park, Junho & Shin, Hojong, 2020. "How inheritance law affects family firm performance: Evidence from a natural experiment," Pacific-Basin Finance Journal, Elsevier, vol. 59(C).
    101. Cellarier, Laurent L., 2013. "A family production overlapping generations economy," Journal of Economic Dynamics and Control, Elsevier, vol. 37(11), pages 2168-2179.
    102. Enrico Perotti, 2013. "The Political Economy of Finance," Tinbergen Institute Discussion Papers 13-034/IV/DSF53, Tinbergen Institute.
    103. Zudenkova, Galina, 2011. "Cronyism in Business, Public Sector and Politics," Working Papers 2072/151814, Universitat Rovira i Virgili, Department of Economics.
    104. Huang, Haijie & Lee, Edward & Lyu, Changjiang & Zhao, Yiyi, 2020. "Bequest motive, information transparency, and family firm value: A natural experiment," Journal of Corporate Finance, Elsevier, vol. 65(C).
    105. Abhijit V. Banerjee & Benjamin Moll, 2010. "Why Does Misallocation Persist?," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 189-206, January.
    106. Friebel, Guido & Leinyuy, Jibirila & Seabright, Paul, 2015. "The Schubert Effect: When Flourishing Businesses Crowd Out Human Capital," World Development, Elsevier, vol. 68(C), pages 124-135.
    107. Vincenzo Quadrini, 2009. "Entrepreneurship in macroeconomics," Annals of Finance, Springer, vol. 5(3), pages 295-311, June.
    108. John J. Seater, 2005. "Trade, Growth, and Technology Equalization," DEGIT Conference Papers c010_008, DEGIT, Dynamics, Economic Growth, and International Trade.
    109. Hugo A. Hopenhayn, 2014. "On the Measure of Distortions," NBER Working Papers 20404, National Bureau of Economic Research, Inc.
    110. Di Giuli, Alberta & Caselli, Stefano & Gatti, Stefano, 2011. "Are small family firms financially sophisticated?," Journal of Banking & Finance, Elsevier, vol. 35(11), pages 2931-2944, November.
    111. Erbetta, Fabrizio & Menozzi, Anna & Corbetta, Guido & Fraquelli, Giovanni, 2013. "Assessing family firm performance using frontier analysis techniques: Evidence from Italian manufacturing industries," Journal of Family Business Strategy, Elsevier, vol. 4(2), pages 106-117.
    112. Kuehn, Zoe, 2014. "The rise or the fall of the wall? Determinants of low entrepreneurship in East Germany," Working Papers in Economic Theory 2014/03, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    113. Qi, Shi & Schlagenhauf, Don, 2021. "The Kansas tax experiment: The matter of legal form of organization," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    114. Chi, Yung-Ling, 2023. "The agency costs of family ownership: Evidence from innovation performance," Journal of Banking & Finance, Elsevier, vol. 148(C).
    115. Pinheiro, Roberto & Yung, Chris, 2015. "CEOs in family firms: Does junior know what he's doing?," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 345-361.
    116. Lim, Taejun, 2018. "Growth, financial development, and housing booms," Economic Modelling, Elsevier, vol. 69(C), pages 91-102.
    117. Emilio Espino & Julian Kozlowski & Juan M. Sanchez, 2016. "Stylized Facts on the Organization of Small Business Partnerships," Review, Federal Reserve Bank of St. Louis, vol. 98(4), pages 297-310.
    118. Kim, Se-Um, 2008. "The Technological Origins of the High School Movement," MPRA Paper 12087, University Library of Munich, Germany.
    119. Giorgio Barba Navaretti & Matteo Bugamelli & Riccardo Cristadoro & Daniela Maggioni, 2012. "Are firms exporting to China and India different from other exporters?," Questioni di Economia e Finanza (Occasional Papers) 112, Bank of Italy, Economic Research and International Relations Area.
    120. Maria Rosaria Carillo & Vincenzo Lombardo & Alberto Zazzaro, 2013. "Family Firm Connections and Entrepreneurial Human Capital in the Process of Development," Mo.Fi.R. Working Papers 89, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    121. Balán, Pablo & Dodyk, Juan & Puente, Ignacio, 2022. "The political behavior of family firms: Evidence from Brazil," World Development, Elsevier, vol. 151(C).
    122. Wu, Guiying Laura, 2018. "Capital misallocation in China: Financial frictions or policy distortions?," Journal of Development Economics, Elsevier, vol. 130(C), pages 203-223.
    123. Dabla-Norris, Era & Ji, Yan & Townsend, Robert M. & Filiz Unsal, D., 2021. "Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1-18.
    124. Amore, Mario Daniele, 2017. "Social capital and family control," Explorations in Economic History, Elsevier, vol. 65(C), pages 106-114.

  52. Nicola Gennaioli & Andrei Shleifer, 2005. "The Evolution of Precedent," NBER Working Papers 11265, National Bureau of Economic Research, Inc.

    Cited by:

    1. Giuseppe Dari-Mattiacci & Bruno Deffains, 2006. "Uncertainty of Law and the Legal Process," Working Papers of BETA 2006-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Anderlini, Luca & Felli, Leonardo & Riboni, A., 2008. "Statute law or case law?," LSE Research Online Documents on Economics 4433, London School of Economics and Political Science, LSE Library.
    3. Sergey Stepanov, 2007. "Shareholder Access to Manager-Biased Courts and the Monitoring/Litigation Tradeoff," Working Papers w0106, New Economic School (NES).
    4. Ariane Lambert-Mogiliansky & Konstantin Sonin & Ekaterina Zhuravskaya, 2007. "Are Russian Commercial Courts Biased? Evidence from a Bankruptcy Law Transplant," PSE-Ecole d'économie de Paris (Postprint) halshs-00754226, HAL.
    5. Ariane Lambert-Mogiliansky & Konstantin Sonin & Ekaterina Zhuravskaya, 2006. "Are Russian commercial courts biased?Evidence from a natural bankruptcy experiment," PSE Working Papers halshs-00590402, HAL.
    6. Mitchell Berlin & Yaron Leitner, 2005. "Courts and contractual innovation: a preliminary analysis," Working Papers 05-27, Federal Reserve Bank of Philadelphia.
    7. Edward Stringham & Todd Zywicki, 2011. "Rivalry and superior dispatch: an analysis of competing courts in medieval and early modern England," Public Choice, Springer, vol. 147(3), pages 497-524, June.

Articles

  1. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2024. "Belief Overreaction and Stock Market Puzzles," Journal of Political Economy, University of Chicago Press, vol. 132(5), pages 1450-1484.
    See citations under working paper version above.
  2. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Matthew OBrien & Andrei Shleifer, 2024. "Long-Term Expectations and Aggregate Fluctuations," NBER Macroeconomics Annual, University of Chicago Press, vol. 38(1), pages 311-347.

    Cited by:

    1. Francesco Bianchi & Cosmin L. Ilut & Hikaru Saijo, 2024. "Smooth Diagnostic Expectations," NBER Working Papers 32152, National Bureau of Economic Research, Inc.
    2. Venky Venkateswaran, 2023. "Comment on "Long Term Expectations and Aggregate Fluctuations"," NBER Chapters, in: NBER Macroeconomics Annual 2023, volume 38, pages 363-368, National Bureau of Economic Research, Inc.
    3. Rob Bauer & Katrin Gödker & Paul Smeets & Florian Zimmermann, 2024. "Mental Models in Financial Markets: How Do Experts Reason about the Pricing of Climate Risk?," CESifo Working Paper Series 11149, CESifo.
    4. Matteo Bizzarri & Daniele d'Arienzo, 2024. "The social value of overreaction to information," Papers 2403.08532, arXiv.org.
    5. Rob Bauer & Katrin Gödker & Paul Smeets & Florian Zimmermann, 2024. "Mental Models in Financial Markets: How Do Experts Reason About the Pricing of Climate Change?," CRC TR 224 Discussion Paper Series crctr224_2024_569, University of Bonn and University of Mannheim, Germany.
    6. Ye Li & Chen Wang, 2023. "Valuation Duration of the Stock Market," Papers 2310.07110, arXiv.org.

  3. Giampaolo Bonomi & Nicola Gennaioli & Guido Tabellini, 2021. "Identity, Beliefs, and Political Conflict," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(4), pages 2371-2411.
    See citations under working paper version above.
  4. Bordalo, Pedro & Gennaioli, Nicola & Kwon, Spencer Yongwook & Shleifer, Andrei, 2021. "Diagnostic bubbles," Journal of Financial Economics, Elsevier, vol. 141(3), pages 1060-1077.
    See citations under working paper version above.
  5. Pedro Bordalo & Nicola Gennaioli & Yueran Ma & Andrei Shleifer, 2020. "Overreaction in Macroeconomic Expectations," American Economic Review, American Economic Association, vol. 110(9), pages 2748-2782, September.
    See citations under working paper version above.
  6. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2020. "Memory, Attention, and Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(3), pages 1399-1442.
    See citations under working paper version above.
  7. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2019. "Memory and Reference Prices: An Application to Rental Choice," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 572-576, May.
    See citations under working paper version above.
  8. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2019. "Diagnostic Expectations and Stock Returns," Journal of Finance, American Finance Association, vol. 74(6), pages 2839-2874, December.
    See citations under working paper version above.
  9. Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, 2019. "Beliefs about Gender," American Economic Review, American Economic Association, vol. 109(3), pages 739-773, March.
    See citations under working paper version above.
  10. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2018. "Diagnostic Expectations and Credit Cycles," Journal of Finance, American Finance Association, vol. 73(1), pages 199-227, February.
    See citations under working paper version above.
  11. Gennaioli, Nicola & Martin, Alberto & Rossi, Stefano, 2018. "Banks, government Bonds, and Default: What do the data Say?," Journal of Monetary Economics, Elsevier, vol. 98(C), pages 98-113.
    See citations under working paper version above.
  12. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2016. "Competition for Attention," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(2), pages 481-513.
    See citations under working paper version above.
  13. Nicola Gennaioli & Yueran Ma & Andrei Shleifer, 2016. "Expectations and Investment," NBER Macroeconomics Annual, University of Chicago Press, vol. 30(1), pages 379-431.
    See citations under working paper version above.
  14. Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, 2016. "Stereotypes," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(4), pages 1753-1794.
    • Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2014. "Stereotypes," NBER Working Papers 20106, National Bureau of Economic Research, Inc.
    • Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, "undated". "Stereotypes," Working Paper 467407, Harvard University OpenScholar.
    • Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, "undated". "Stereotypes," Working Paper 373306, Harvard University OpenScholar.
    • Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, 2014. "Stereotypes," Working Paper 200246, Harvard University OpenScholar.
    See citations under working paper version above.
  15. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2015. "Money Doctors," Journal of Finance, American Finance Association, vol. 70(1), pages 91-114, February.
    • Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert W., 2014. "Money Doctors," Scholarly Articles 12965657, Harvard University Department of Economics.
    • Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2012. "Money Doctors," NBER Working Papers 18174, National Bureau of Economic Research, Inc.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money Doctors," Working Papers 464, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, "undated". "Money Doctors," Working Paper 228501, Harvard University OpenScholar.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, "undated". "Money Doctors," Working Paper 69721, Harvard University OpenScholar.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money doctors," Economics Working Papers 1355, Department of Economics and Business, Universitat Pompeu Fabra.
    See citations under working paper version above.
  16. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2015. "Salience Theory of Judicial Decisions," The Journal of Legal Studies, University of Chicago Press, vol. 44(S1), pages 7-33.
    See citations under working paper version above.
  17. Nicola Gennaioli & Hans-Joachim Voth, 2015. "State Capacity and Military Conflict," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(4), pages 1409-1448.
    See citations under working paper version above.
  18. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2015. "Neglected Risks: The Psychology of Financial Crises," American Economic Review, American Economic Association, vol. 105(5), pages 310-314, May.
    See citations under working paper version above.
  19. Nicola Gennaioli & Alberto Martin & Stefano Rossi, 2014. "Sovereign Default, Domestic Banks, and Financial Institutions," Journal of Finance, American Finance Association, vol. 69(2), pages 819-866, April.
    See citations under working paper version above.
  20. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2014. "Finance and the Preservation of Wealth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1221-1254.
    See citations under working paper version above.
  21. Nicola Gennaioli & Rafael La Porta & Florencio Lopez De Silanes & Andrei Shleifer, 2014. "Growth in regions," Journal of Economic Growth, Springer, vol. 19(3), pages 259-309, September.
    • Nicola Gennaioli & Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer, "undated". "Growth in Regions," Working Paper 73436, Harvard University OpenScholar.
    • Nicola Gennaioli & Rafael La Porta & Florencio Lopez de Silanes & Andrei Shleifer, 2013. "Growth in Regions," NBER Working Papers 18937, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  22. Francesco Caselli & Nicola Gennaioli, 2013. "Dynastic Management," Economic Inquiry, Western Economic Association International, vol. 51(1), pages 971-996, January.
    See citations under working paper version above.
  23. Nicola Gennaioli & Stefano Rossi, 2013. "Contractual Resolutions of Financial Distress," The Review of Financial Studies, Society for Financial Studies, vol. 26(3), pages 602-634.
    See citations under working paper version above.
  24. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Salience and Asset Prices," American Economic Review, American Economic Association, vol. 103(3), pages 623-628, May.
    See citations under working paper version above.
  25. Nicola Gennaioli, 2013. "Optimal Contracts With Enforcement Risk," Journal of the European Economic Association, European Economic Association, vol. 11(1), pages 59-82, February.
    See citations under working paper version above.
  26. Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2013. "A Model of Shadow Banking," Journal of Finance, American Finance Association, vol. 68(4), pages 1331-1363, August.
    See citations under working paper version above.
  27. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Salience and Consumer Choice," Journal of Political Economy, University of Chicago Press, vol. 121(5), pages 803-843.
    See citations under working paper version above.
  28. Nicola Gennaioli & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2013. "Human Capital and Regional Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(1), pages 105-164.
    See citations under working paper version above.
  29. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2012. "Salience in Experimental Tests of the Endowment Effect," American Economic Review, American Economic Association, vol. 102(3), pages 47-52, May.
    See citations under working paper version above.
  30. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2012. "Salience Theory of Choice Under Risk," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(3), pages 1243-1285.
    See citations under working paper version above.
  31. Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert, 2012. "Neglected risks, financial innovation, and financial fragility," Journal of Financial Economics, Elsevier, vol. 104(3), pages 452-468.
    See citations under working paper version above.
  32. Nicola Gennaioli & Stefano Rossi, 2010. "Judicial Discretion in Corporate Bankruptcy," The Review of Financial Studies, Society for Financial Studies, vol. 23(11), pages 4078-4114, November.
    See citations under working paper version above.
  33. Nicola Gennaioli & Andrei Shleifer, 2010. "What Comes to Mind," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1399-1433.
    See citations under working paper version above.
  34. Nicola Gennaioli & Andrei Shleifer, 2008. "Judicial Fact Discretion," The Journal of Legal Studies, University of Chicago Press, vol. 37(1), pages 1-35, January.
    See citations under working paper version above.
  35. Francesco Caselli & Nicola Gennaioli, 2008. "Economics and Politics of Alternative Institutional Reforms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(3), pages 1197-1250.
    See citations under working paper version above.
  36. Nicola Gennaioli & Andrei Shleifer, 2007. "The Evolution of Common Law," Journal of Political Economy, University of Chicago Press, vol. 115(1), pages 43-68.
    See citations under working paper version above.
  37. Nicola Gennaioli & Ilia Rainer, 2007. "The modern impact of precolonial centralization in Africa," Journal of Economic Growth, Springer, vol. 12(3), pages 185-234, September.

    Cited by:

    1. Pascale Combes Motel & Jean-Louis Combes, 2022. "Que nous apprend la littérature récente sur la « nature et les causes de la richesse des nations » ?," Working Papers hal-03808732, HAL.
    2. Nunn, Nathan, 2009. "The Importance of History for Economic Development," Scholarly Articles 33077824, Harvard University Department of Economics.
    3. Voth, Hans-Joachim, 2020. "Persistence – Myth and Mystery," CEPR Discussion Papers 15417, C.E.P.R. Discussion Papers.
    4. Kaniyathu, Sunny John, 2008. "Evaluating the Impact of Colonialism on Economic Development: A Counterfactual Analysis," Proceedings of the German Development Economics Conference, Zurich 2008 20, Verein für Socialpolitik, Research Committee Development Economics.
    5. Elise Huillery, 2009. "History Matters: The Long-Term Impact of Colonial Public Investments in French West Africa," PSE-Ecole d'économie de Paris (Postprint) hal-00813038, HAL.
    6. Marta Reynal-Querol & Timothy Besley, 2013. "The Legacy of Historical Conflict Evidence from Africa," Working Papers 312, Economic Research Southern Africa.
    7. Dincecco, Mark & Fenske, James & Menon, Anil & Mukherjee, Shivaji, 2020. "Pre-Colonial Warfare and Long-Run Development in India," The Warwick Economics Research Paper Series (TWERPS) 1272, University of Warwick, Department of Economics.
    8. Prarolo, Giovanni & Cinnirella, Francesco & Naghavi, Alireza, 2020. "Islam and Human Capital in Historical Spain," CEPR Discussion Papers 14561, C.E.P.R. Discussion Papers.
    9. Bertocchi, Graziella, 2015. "The Legacies of Slavery in and out of Africa," IZA Discussion Papers 9105, Institute of Labor Economics (IZA).
    10. Pedro Naso & Erwin Bulte & Tim Swanson, 2017. "Can there be benefits from competing legal regimes? The impact of legal pluralism in post-conflict Sierra Leone," CIES Research Paper series 56-2017, Centre for International Environmental Studies, The Graduate Institute.
    11. Fenske, James, 2010. "Does land abundance explain African institutions?," MPRA Paper 23222, University Library of Munich, Germany.
    12. Stelios Michalopoulos & Elias Papaioannou, 2018. "Spatial Patterns of Development: A Meso Approach," Annual Review of Economics, Annual Reviews, vol. 10(1), pages 383-410, August.
    13. Giacomo Ponzetto & Amedeo Piolatto & Federico Boffa, 2015. "Should Different People Have Different Governments?," 2015 Meeting Papers 1015, Society for Economic Dynamics.
    14. Stelios Michalopoulos & Elias Papaioannou, 2011. "Divide and Rule or the Rule of the Divided? Evidence from Africa," Economics Working Papers 0099, Institute for Advanced Study, School of Social Science.
    15. Jacob Moscona & Nathan Nunn & James A. Robinson, 2020. "Segmentary Lineage Organization and Conflict in Sub‐Saharan Africa," Econometrica, Econometric Society, vol. 88(5), pages 1999-2036, September.
    16. Elise Huillery, 2008. "The Impact of European Settlement within French West Africa. Did pre-colonial prosperous areas fall behind?," Working Papers DT/2008/01, DIAL (Développement, Institutions et Mondialisation).
    17. Alberto Alesina & Paola Giuliano & Bryony Reich, 2013. "Nation-Building and Education," NBER Working Papers 18839, National Bureau of Economic Research, Inc.
    18. Giuliano, Paola & Matranga, Andrea, 2020. "Historical Data: Where to Find Them, How to Use Them," CEPR Discussion Papers 15362, C.E.P.R. Discussion Papers.
    19. Giuliano, Paola & Nunn, Nathan, 2018. "Ancestral characteristics of modern populations," CEPR Discussion Papers 12909, C.E.P.R. Discussion Papers.
    20. Fintel, Dieter von & Fourie, Johan, 2019. "The great divergence in South Africa: Population and wealth dynamics over two centuries," Journal of Comparative Economics, Elsevier, vol. 47(4), pages 759-773.
    21. Leander Heldring, 2019. "The Origins of Violence in Rwanda," HiCN Working Papers 299, Households in Conflict Network.
    22. Giuliano, Paola & Nunn, Nathan, 2013. "The Transmission of Democracy: From the Village to the Nation-State," CEPR Discussion Papers 9304, C.E.P.R. Discussion Papers.
    23. Alberto Bisin & Jared Rubin & Avner Seror & Thierry Verdier, 2024. "Culture, institutions and the long divergence," Journal of Economic Growth, Springer, vol. 29(1), pages 1-40, March.
    24. Nemera Mamo & Sambit Bhattacharyya, 2018. "Natural Resources and Political Patronage in Africa: An Ethnicity Level Analysis," Working Paper Series 0418, Department of Economics, University of Sussex Business School.
    25. Kodila-Tedika, Oasis & Asongu, Simplice, 2018. "The Long-Term Effects of African Resistance to European Domination: Institutional Mechanism," MPRA Paper 85237, University Library of Munich, Germany.
    26. Nathan Nunn, 2007. "The Long-Term Effects of Africa's Slave Trades," NBER Working Papers 13367, National Bureau of Economic Research, Inc.
    27. Ponzetto, Giacomo & Boffa, Federico & Piolatto, Amedeo, 2013. "Centralization and Accountability: Theory and Evidence from the Clean Air Act," CEPR Discussion Papers 9514, C.E.P.R. Discussion Papers.
    28. Samantha Torrance & Oliver Morrissey, 2014. "Taxation and Indigenous Institutions in Sub-Saharan Africa," Discussion Papers 14/04, University of Nottingham, CREDIT.
    29. Enikolopov, Ruben & Zhuravskaya, Ekaterina, 2007. "Decentralization and political institutions," Journal of Public Economics, Elsevier, vol. 91(11-12), pages 2261-2290, December.
    30. Messono, Omang & Asongu, Simplice, 2021. "Historical Prevalence of Infectious Diseases and Entrepreneurship: the Role of Institutions in 125 Countries," MPRA Paper 111842, University Library of Munich, Germany.
    31. Hao, Yu & Xue, Melanie Meng, 2017. "Friends from afar: The Taiping Rebellion, cultural proximity and primary schooling in the Lower Yangzi, 1850–1949," Explorations in Economic History, Elsevier, vol. 63(C), pages 44-69.
    32. Özak, Ömer & Depetris-Chauvin, Emilio, 2020. "The Origins of the Division of Labor in Pre-Industrial Times," SocArXiv k59wg, Center for Open Science.
    33. Sanghamitra Bandyopadhyay & Elliott Green, 2012. "Pre-Colonial Political Centralization and Contemporary Development in Uganda," STICERD - Economic Organisation and Public Policy Discussion Papers Series 039, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    34. Stelios Michalopoulos & Elias Papaioannou, 2011. "The Long-Run Effects of the Scramble for Africa," Discussion Papers Series, Department of Economics, Tufts University 0762, Department of Economics, Tufts University.
    35. Raphael Auer, 2009. "The Colonial and Geographic Origins of Comparative Development," Working Papers 09.03, Swiss National Bank, Study Center Gerzensee.
    36. Raphael A. Auer, 2013. "Geography, institutions, and the making of comparative development," Journal of Economic Growth, Springer, vol. 18(2), pages 179-215, June.
    37. Skali, Ahmed, 2017. "Moralizing gods and armed conflict," Journal of Economic Psychology, Elsevier, vol. 63(C), pages 184-198.
    38. Amodio, Francesco & Chiovelli, Giorgio & Hohmann, Sebastian, 2019. "The Employment Effects of Ethnic Politics," IZA Discussion Papers 12818, Institute of Labor Economics (IZA).
    39. Cardullo, Gabriele & Conti, Maurizio & Ricci, Andrea & Scicchitano, Sergio & Sulis, Giovanni, 2023. "On the Emergence of Cooperative Industrial and Labor Relations," IZA Discussion Papers 15898, Institute of Labor Economics (IZA).
    40. Osafo-Kwaako, Philip & Robinson, James A., 2013. "Political centralization in pre-colonial Africa," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 6-21.
    41. Assi Okara, 2018. "Developing inclusive economic institutions in South countries: The role of FDI," Working Papers halshs-01845085, HAL.
    42. Carolyn Chisadza & Leoné Walters & Matthew W. Clance, 2021. "The effect of colonial and pre-colonial institutions on contemporary education in Africa," Working Papers 850, Economic Research Southern Africa.
    43. Mark Dincecco & James Fenske & Massimiliano Gaetano Onorato, 2019. "Is Africa Different? Historical Conflict and State Development," Economic History of Developing Regions, Taylor & Francis Journals, vol. 34(2), pages 209-250, May.
    44. Leone Walters & Carolyn Chisadza & Matthew Clance, 2021. "Slave Trades, Kinship Structures and Women Political Participation in Africa," Working Papers 202156, University of Pretoria, Department of Economics.
    45. Akee, Randall & Jorgensen, Miriam & Sunde, Uwe, 2015. "Critical junctures and economic development – Evidence from the adoption of constitutions among American Indian Nations," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 844-861.
    46. Federico Boffa & Amedeo Piolatto & Giacomo A. M. Ponzetto, 2016. "Political Centralization and Government Accountability," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(1), pages 381-422.
    47. Wim Naudé, 2016. "Entrepreneurship and the Reallocation of African Farmers," Agrekon, Taylor & Francis Journals, vol. 55(1-2), pages 1-33, June.
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    193. Xu, Zhun, 2017. "Decollectivization, Collective Legacy, and Uneven Agricultural Development in China," World Development, Elsevier, vol. 98(C), pages 290-299.
    194. Ji Yeon Hong & Christopher Paik, 2018. "Colonization and education: exploring the legacy of local elites in Korea," Economic History Review, Economic History Society, vol. 71(3), pages 938-964, August.
    195. Alpino,Matteo & Hammersmark,Eivind Moe, 2020. "The Role of Historical Christian Missions in the Location of World Bank Aid in Africa," Policy Research Working Paper Series 9146, The World Bank.
    196. Larcom Shaun, 2013. "Accounting for Legal Pluralism: The Impact of Pre-colonial Institutions on Crime," The Law and Development Review, De Gruyter, vol. 6(1), pages 25-59, November.
    197. Angeles, Luis & Elizalde, Aldo, 2017. "Pre-colonial institutions and socioeconomic development: The case of Latin America," Journal of Development Economics, Elsevier, vol. 124(C), pages 22-40.

  38. Gennaioli, Nicola & Shleifer, Andrei, 2007. "Overruling and the instability of law," Journal of Comparative Economics, Elsevier, vol. 35(2), pages 309-328, June.
    See citations under working paper version above.
  39. Francesco Caselli & Nicola Gennaioli, 2005. "Credit Constraints, Competition, and Meritocracy," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 679-689, 04/05.

    Cited by:

    1. Carmen Aina & Cheti Nicoletti, 2014. "The intergenerational transmission of liberal professions: nepotism versus abilities," Discussion Papers 14/14, Department of Economics, University of York.
    2. Francesco Caselli & Nicola Gennaioli, 2013. "Dynastic Management," Economic Inquiry, Western Economic Association International, vol. 51(1), pages 971-996, January.
    3. Simon C. Parker & C. Mirjam van Praag, 2006. "The Entrepreneur's Mode of Entry: Business Takeover or New Venture Start?," Tinbergen Institute Discussion Papers 06-089/3, Tinbergen Institute.
    4. Ponzo, Michela & Scoppa, Vincenzo, 2008. "The Use of Informal Networks in Italian Labor Markets: Efficiency or Favoritisms?," MPRA Paper 11764, University Library of Munich, Germany.
    5. Aina, Carmen & Nicoletti, Cheti, 2018. "The intergenerational transmission of liberal professions," Labour Economics, Elsevier, vol. 51(C), pages 108-120.
    6. Lofstrom, Magnus & Bates, Timothy & Parker, Simon C., 2014. "Why are some people more likely to become small-businesses owners than others: Entrepreneurship entry and industry-specific barriers," Journal of Business Venturing, Elsevier, vol. 29(2), pages 232-251.
    7. Seth D. Zimmerman, 2019. "Elite Colleges and Upward Mobility to Top Jobs and Top Incomes," American Economic Review, American Economic Association, vol. 109(1), pages 1-47, January.
    8. Zhang, Dongyang & Liu, Deqiang, 2017. "Determinants of the capital structure of Chinese non-listed enterprises: Is TFP efficient?," Economic Systems, Elsevier, vol. 41(2), pages 179-202.
    9. Benazzo, Piero, 2010. "Equity Criteria as Instrument to Ensure Sustainability of Pareto or Kaldor-Hicks Efficiency: A Correlation Hidden by Sources of Confounding as Key for Sorting Out the Global Economic Crisis," MPRA Paper 23678, University Library of Munich, Germany.
    10. Georgios A. Savvakis & Dimitris Kenourgios & Theofanis Papageorgiou, 2021. "To EMU or not to EMU: Can TFP “provoke” the capital structure puzzle of SMEs?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2595-2611, April.
    11. Kim, Se-Um, 2008. "The Technological Origins of the High School Movement," MPRA Paper 12087, University Library of Munich, Germany.
    12. Nicoletti, Cheti & Aina, Carmen, 2014. "The intergenerational mobility of liberal professions: nepotism versus abilities," ISER Working Paper Series 2014-39, Institute for Social and Economic Research.
    13. Gianpaolo Parise & Fabrizio Leone, 2018. "Family first? Nepotism and corporate investment," BIS Working Papers 693, Bank for International Settlements.

Chapters

  1. Nicola Gennaioli & Yueran Ma & Andrei Shleifer, 2015. "Expectations and Investment," NBER Chapters, in: NBER Macroeconomics Annual 2015, Volume 30, pages 379-431, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Neglected Risks, Financial Innovation, and Financial Fragility," NBER Chapters, in: Market Institutions and Financial Market Risk, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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