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People often draw inferences from sequences of past performance, sometimes perceiving patterns even in random outcomes. This has fueled debates regarding phenomena such as the hot hand and gambler’s …
Discussion paper
We conduct a welfare analysis of R&D subsidies and tax credits using a model of innovation policy incorporating externalities, limited R&D participation and financial market imperfections. We …
Discussion paper
I study the effects of the maximum duration of unemployment insurance benefits on unemployment. I find highly heterogeneous effects across two consecutive reforms in Finland. Both reforms cut the …
Discussion paper