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Is No News (Perceived As) Bad News? An Experimental Investigation of Information Disclosure

By Ginger Zhe Jin, Michael Luca, and Daniel Martin

American Economic Journal: Microeconomics, May 2021

This paper uses laboratory experiments to directly test a central prediction of disclosure theory: that strategic forces can lead those who possess private information to voluntarily provide it. In a simple sender-receiver game, we find that senders discl...

Evaluating the Economic Cost of Coastal Flooding

By Klaus Desmet, Robert E. Kopp, Scott A. Kulp, Dávid Krisztián Nagy, Michael Oppenheimer, Esteban Rossi-Hansberg, and Benjamin H. Strauss

American Economic Journal: Macroeconomics, April 2021

Sea level rise will cause spatial shifts in economic activity over the next 200 years. Using a spatially disaggregated, dynamic model of the world economy, this paper estimates the consequences of probabilistic projections of local sea level changes. Unde...