Can Technology Solve the Principal-Agent Problem? Evidence from China’s War on Air Pollution

Can contracts solve the hold-up problem? Experimental evidence

In the contract-theoretic literature, there is a vital debate about whether contracts can mitigate the hold-up problem, in particular when renegotiation cannot be prevented. Ultimately, the question has to be answered empirically. As a first step, we have conducted a laboratory experiment with 1084 participants. We consider investments that directly benefit the non-investing party. While accord...

Can Counterfactuals Solve the Exclusion Problem?

A quite popular approach to solving the Causal Exclusion Problem is to adopt a counterfactual theory of causation. In this paper, I distinguish three versions of the Causal Exclusion Argument. I argue that the counterfactualist approach can block the first two exclusion arguments, because the Causal Inheritance Principle and the Upward Causation Principle upon which the two arguments are based ...

Who suffers from indoor air pollution? Evidence from Bangladesh.

In this paper, we investigate individuals' exposure to indoor air pollution. Using new survey data from Bangladesh, average hours spent by members of households in the cooking area, living area and outdoors in a typical day are combined with the estimates of pollution concentration in different locations in order to estimate exposure. We analyse exposure at two levels: differences within househ...

An Analysis of the Principal-Agent Problem

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Can traffic-related air pollution cause asthma?