L2

Klaus M Schmidt · Jonas von Wangenheim

Schmidt and von Wangenheim develop a dynamic model of organizational change in which workers have reference-dependent preferences — specifically loss aversion and social comparisons — to explain …

Michela Giorcelli · Bo Li

This paper estimates the causal effect of technology and knowledge transfers on early industrial development using the Sino-Soviet Alliance of the 1950s as a natural experiment. Between 1950 and 1957, …