{"title":"Mental health and labour productivity","authors":"Nigel Rice , Jennifer Roberts , Cristina Sechel","doi":"10.1016/j.jebo.2025.107075","DOIUrl":"10.1016/j.jebo.2025.107075","url":null,"abstract":"<div><div>We present novel evidence of the effect of mental health on productivity using a direct measure of productivity from the COVID-19 modules of the UK Household Longitudinal Study. We employ spatial variation in COVID-19 deaths as an instrumental variable and supplement results by computing bounds by considering coefficient stability to observable factors to infer the influence of unobservables. Our findings reveal a substantive positive relationship between poor mental health and decreased productivity. Our estimates suggest productivity losses of around 54 min per week (on average) for individuals who report a decline in mental health.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107075"},"PeriodicalIF":2.3,"publicationDate":"2025-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144335664","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Anticipated monitoring, inhibited detection, and diminished deterrence","authors":"Matthew Philip Makofske","doi":"10.1016/j.jebo.2025.107084","DOIUrl":"10.1016/j.jebo.2025.107084","url":null,"abstract":"<div><div>Monitoring programs—by creating expected costs to regulatory violations—promote compliance through general deterrence, and are essential for regulating firms with potentially hazardous products and imperfectly observable compliance. Yet, evidence on how monitoring deployment affects perceived detection probabilities and—by extension—compliance, is sparse. Beginning in May 2020, pandemic-related protocols in Maricopa County, Arizona, required routine health inspections to occur by video-conference at food establishments with vulnerable populations (e.g., hospitals and nursing homes). Unlike conventional on-site inspections—which continued at most food establishments—these “virtual” inspections were scheduled in advance, and thus, easily anticipated. The virtual format also likely inhibits observation of some violations, further reducing detection probability. Tracking five violations that are detected by tests in both inspection formats, I find evidence of substantial anticipation-enabled detection avoidance. Comparing against contemporaneous on-site inspections, virtual inspections detect 53% fewer of these specific violations relative to pre-treatment levels, and that decrease reverses entirely when treated establishments are subsequently inspected on-site. Detected counts of all violations decrease 39% in virtual inspections. Consistent with general deterrence, this decrease is <em>more</em> than offset in establishments’ first post-treatment on-site inspections, where detected counts exceed the pre-treatment average by 25%. Deterrence-effect heterogeneity suggests a simple dynamic policy could improve overall compliance with existing agency resources.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107084"},"PeriodicalIF":2.3,"publicationDate":"2025-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144330185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Efficiently imprecise contracts: The role of conventionality","authors":"Toru Suzuki","doi":"10.1016/j.jebo.2025.107099","DOIUrl":"10.1016/j.jebo.2025.107099","url":null,"abstract":"<div><div>Actual contracts are often imprecise. This paper presents a principal–agent model that incorporates writing costs and contractual interpretation to analyze contractual impreciseness. The model allows us to examine how the complexity of a good, along with the conventionality of a good, affects the contractual impreciseness in an efficient equilibrium. It is shown that complexity alone does not determine the degree of contractual impreciseness. If two goods are equally conventional, a more complex good results in a more imprecise contract due to the writing costs. However, a less complex good can have a more imprecise contract if it is sufficiently more conventional, as conventionality allows the principal to write a contract without specifying the details. It is also shown that if a good is sufficiently unconventional relative to its complexity, the principal internalizes production. This paper provides a foundation for incomplete contracts and offers explanations for empirical findings in the literature.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107099"},"PeriodicalIF":2.3,"publicationDate":"2025-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144314542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Product quality, institutional quality, and market globalization","authors":"Masatoshi Tsumagari","doi":"10.1016/j.jebo.2025.107089","DOIUrl":"10.1016/j.jebo.2025.107089","url":null,"abstract":"<div><div>This paper theoretically examines how market integration, especially globalization, affects average product quality and country welfare. Using a market model in which consumers do not observe product quality and institutions help eliminate inferior quality goods from markets, I show that the effect of market integration significantly depends on institutional quality. Globalization may have a negative effect on a country’s welfare when making progress without harmonized institutional development, and may also expand the size of government, thus increasing the cost of sustaining high institutional quality.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107089"},"PeriodicalIF":2.3,"publicationDate":"2025-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144314541","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Erratum to “Status-Seeking Culture and Development of Capitalism” [Journal of Economic Behavior and Organization 180 (2020) 275–290]","authors":"Angus C. Chu , Haichao Fan , Xilin Wang","doi":"10.1016/j.jebo.2025.107107","DOIUrl":"10.1016/j.jebo.2025.107107","url":null,"abstract":"","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107107"},"PeriodicalIF":2.3,"publicationDate":"2025-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144694796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Guanchun Liu , Hangjuan Liu , Jiaqi Wu , Linqing You
{"title":"Macroprudential assessment framework and firms’ access to bank credit: Evidence from China","authors":"Guanchun Liu , Hangjuan Liu , Jiaqi Wu , Linqing You","doi":"10.1016/j.jebo.2025.107111","DOIUrl":"10.1016/j.jebo.2025.107111","url":null,"abstract":"<div><div>This study investigates how macroprudential policies for managing systematic risk affect bank lending to the real sector. Taking China’s macroprudential assessment (MPA) framework in 2015 as a quasi-natural experiment, our difference-in-differences identification utilizes two-dimensional variations: firms’ reliance on bank financing (i.e., high versus low) and year (i.e., before and after 2015). We find that the MPA framework significantly reduces firms’ access to bank credit, and a one standard deviation increase in firms’ bank dependence lowers the amount of available bank credit by 23.9%. In particular, corporate debt maturity becomes shorter as a result of decreasing long-term debt relative to short-term debt and constrained firms experience a stronger negative credit effect than unconstrained firms, which is consistent with the credit supply theory. Moreover, the decreased bank credit is more pronounced when firms face higher risk, rely more on small banks, and are located in cities with greater growth pressure. In addition, firms experience production shrinkage and bank risk-taking declines. We argue that the MPA framework curbs credit growth while helping to maintain financial stability, providing valuable insights into the economic effects of macroprudential policies in a typical emerging market.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107111"},"PeriodicalIF":2.3,"publicationDate":"2025-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144297121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alain de Janvry , Manaswini Rao , Elisabeth Sadoulet
{"title":"Seeding the seeds: Role of social structure in agricultural technology diffusion","authors":"Alain de Janvry , Manaswini Rao , Elisabeth Sadoulet","doi":"10.1016/j.jebo.2025.107088","DOIUrl":"10.1016/j.jebo.2025.107088","url":null,"abstract":"<div><div>Exploiting a two-stage randomized introduction of flood resistant seeds at village and individual-levels, we find that the extent of agricultural technology diffusion in the long run has a significant correlation with the local social structure (e.g., the jati-caste system) in India. We leverage pre-determined village-level social group compositions, where some villages are relatively more homogeneous than the others, to examine subsequent diffusion of agricultural technology following the initial, randomized seeding over the next five years. There are two main take-away. First, modest overall difference in adoption between treated and control villages is largely explained by the degree of heterogeneity in village-level social composition. Second, we observe immediate diffusion among non-recipient farmers in the same social group as the initial, treated recipients and limited diffusion among groups with lower social ranks. These findings highlight the potential efficiency and equity limitations of randomized seeding of new technology in a context with market frictions and limited trade across social groups.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107088"},"PeriodicalIF":2.3,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144291258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exchange rate pass-through and importers’ credit constraints: Evidence from China","authors":"Yao Amber Li , Lingfei Lu , Tengyu Zhao","doi":"10.1016/j.jebo.2025.107044","DOIUrl":"10.1016/j.jebo.2025.107044","url":null,"abstract":"<div><div>This paper examines the patterns of exchange rate pass-through (ERPT) into import prices among Chinese firms, and investigate the role played by credit constraints as well as sourcing diversity in shaping the degree of ERPT. Using highly dis-aggregated firm-product-country-level transaction data from 2000 to 2007, we find that (1) the average level of ERPT into import prices in China is around 73%; (2) for importers in financially more constrained sectors, ERPT tends to be more complete; (3) a higher extent of firms’ import sourcing diversity leads to a less complete pass-through and partially offsets the effects of credit constraints. Our findings provide convincing evidence of the significance of credit constraints in affecting ERPT into import prices. Furthermore, a more diversified import sourcing network can enhance the ability of importers to cope with exchange rate shocks and help alleviate the impact of financial constraints on exchange rate fluctuations. Finally, we provide theoretical explanations for the findings.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107044"},"PeriodicalIF":2.3,"publicationDate":"2025-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144281026","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Innovation, technology transfer and the international regulation of patents and trade secrets","authors":"Michael A. Klein , Yibai Yang","doi":"10.1016/j.jebo.2025.107090","DOIUrl":"10.1016/j.jebo.2025.107090","url":null,"abstract":"<div><div>We develop a North-South endogenous growth model in which innovative Northern firms choose a patent, secrecy mix to protect against imitation by Southern firms. Southern imitators always have access to publicly disclosed patented information, but gain access to secret information only when an innovator transfers production to the South. We identify conditions under which strengthening Southern patent protection reduces global innovation, technology transfer and Southern welfare by decreasing the relative profit associated with producing in the South. Our analysis suggests that treating intellectual property rights (IPRs) as a single entity obscures important differences in the economic implications of international standards in distinct forms of IPRs.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107090"},"PeriodicalIF":2.3,"publicationDate":"2025-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144281025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"From distraction to dedication: Commitment and incentives against phone use in the classroom","authors":"Billur Aksoy , Lester Lusher , Scott Carrell","doi":"10.1016/j.jebo.2025.107082","DOIUrl":"10.1016/j.jebo.2025.107082","url":null,"abstract":"<div><div>Phone usage in the classroom has been linked to worsened academic outcomes. We present findings from a field experiment conducted at a large public university in partnership with an app marketed as a soft commitment device that provides incentives to reduce phone use in the classroom. We find that app usage led to improvements in classroom focus, attendance, and overall academic satisfaction. Analysis of time spent outside the classroom suggests a potential substitution effect: students using the app allocated less time to study, particularly on campus. Overall, though statistically insignificant, we find improvements in transcript grades associated with app usage.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107082"},"PeriodicalIF":2.3,"publicationDate":"2025-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144270385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}