We consider a model of Paired Kidney Exchange (PKE) with feasibility con-straints on the number of patient-donor pairs involved in exchanges. Patients’preferences are restricted so that patients prefer kidneys from compatible youngerdonors to kidneys from older donors. In this framework, patients with compati-ble donors may enroll on PKE programs to receive an organ with higher ...

In this paper we provide estimates of the coefficient of relative risk aversion using information on selfreports of subjective personal well-being from three datasets: the Gallup World Poll, the European Social Survey, and the World Values Survey. We additionally consider the implications of allowing for health state dependence in the utility function on estimates of risk aversion and examine h...

This article evaluates the extent to which armed conflicts influence early childhood health for 56 developing countries over nearly 30 years. Exploiting both spatial and temporal variations in conflict exposure within a difference-in-differences framework, uncovers detrimental ramifications of on outcomes children under five years old. Particularly, exposed have lower height-for-age, weight-for...

Studies of foreign direct investment (FDI) distribution in the US is voluminous but such studies on a developing country are rare. We fill the void by analyzing the spatial and temporal variation in FDI among China’s 30 provinces. We believe this is the first study of its kind. Other than some “standard” results, our pooled regression finds that the cumulative FDI has a negative impact on the n...

Modernizing China’s Growth Paradigm China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face ...

We study the sustainability of public debt in a closed production economy where a benevolent government chooses fiscal policies, including haircuts on its outstanding debt, in a discretionary manner. Government bonds are held by domestic agents to smooth consumption over time and because they provide collateral and liquidity services. We characterize a recursive equilibrium where public debt am...

China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face in striking the right balance in ter...

This paper proposes a dynamic politico-economic theory of intergenerational contracts, whose driving force is the intergenerational conflict over government spending. Embedding a repeated probabilistic voting setup in a standard OLG model with human capital accumulation, we find that the empowerment of elderly constituencies is key in order to enforce productive policies. The paper characterize...

This paper analyzes the question: what does it take for science parks and technology districts to evolve and grow? We propose an analytical framework to examine the gestation, evolution and sustainability of science parks and related but broader regional phenomena such as technology districts. The framework comprises three aspects of a science park’s development: growth mechanisms, level of tec...

Whoever exists belongs to a species, which did not become extinct, has a (geno-)type, which should be well adjusted, and lives in a habitat which has been sustainable for a long time. We do not only analyze interspecies competition and the conditions for species survival, but also intraspecies competition of (geno-)types as in evolutionary biology and game theory. Survival in interand intraspec...