This paper presents a continuous?time model of sovereign debt. In it, relatively impatient government's hidden type switches back and forth between commitment type, which cannot default, an opportunistic can, where we assume outside lenders have particular beliefs regarding how should borrow for any given level debt bond price. Markov equilibrium, the mimics when borrowing, revealing its only b...

To mitigate climate change, food systems must reduce their greenhouse gas emissions. For consumers, this means switching to more plant-based diets and wasting less food. A behaviorally informed policy employing nudges—educative architectural—can be a cornerstone. Plant-based defaults promise large reduction effects while maintaining freedom of choice.