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I am a Professor at the Department of Economics, Cornell University. Currently, I conduct research primarily in two areas. The first area is Decision Making under Uncertainty, with a focus on insurance markets. The second area lies at the intersection of Public Finance and Political Economy.
- Public Finance
- Political Economy
Property Taxation, Zoning and Efficiency in A Dynamic Tiebout Model, withS. Coate, American Economic Journal: Economic Policy, Volume 3, Number 2, pp. 1-38, August 2016.
Externalities, Endogenous Productivity, and Poverty Traps, with R. DiCecio, European Economic Review, Volume 85, pp. 112-126, June 2016.
Fiscal Policy Over the Real Business Cycle: A Positive Theory, with M. Battaglini and S. Coate, Journal of Economic Theory, Volume 148, Issue 6, Pages 2223-2265, November 2013.
The Nature of Risk Preferences: Evidence from Insurance Choices, with F. Molinari, T. O'Donoghue and J. Teitelbaum, American Economic Review, Volume 103, Number 6, Pages 2499-2529, October 2013.*
Distinguishing Probability Weighting from Risk Misperceptions in Field Data, with F. Molinari, T. O'Donoghue and J. Teitelbaum, American Economic Review Papers and Proceedings, Volume 103, Number 3, Pages 580-585, May 2013.*
Entry Costs, Industry Structure, and Cross-Country Income and TFP Differences, with R. DiCecio, Journal of Economic Theory, Volume 106, Issue 5, Pages 1828-1851, September 2011. The Preprint can be downloaded here.
Are Risk Preferences Stable Across Contexts? Evidence from Insurance Data, with J. Prince and J. Teitelbaum, American Economic Review, Volume 101, Issue 2, Pages 591-631, April 2011. The Online Appendix can be downloaded here.
Institutions and Growth in Limited Access Societies, with A. Guerdjikova, Journal of Economic Theory, Volume 14, Issue 2, Pages 528-568, March 2011. The Preprint can be downloaded here.
Non Performing Loans, Prospective Bailouts, and Japan's Slowdown, Journal of Monetary Economics, Volume 57, Issue 7, Pages 873-890, October 2010. The Online Appendix can be downloaded here.
Entry Costs and Cross-Country Differences in Productivity and Output , Journal of Economic Growth, Volume 13, Number 2, Pages 145-167, June 2008.
Optimal Monetary Policy, Endogenous Sticky Prices and Multiplicity of Equilibria, with R. DiCecio, The B.E. Journal of Macroeconomics: 2007, Vol. 7: Issue 1 (Topics), Article 8.
Japan's Government Debt and Interest Rates, Japan and the World Economy, Volume 18, Issue 3, Pages 278-297, August 2006.
Financial support from the National Science Foundation through grant SES-1031136 for research marked by a "*" is gratefully acknowledged.