Misaligned incentives for incarceration in the United States

The incarceration rate has increased substantially in the United States between the 1980s and the 2000s. In this paper, I explore an institutional explanation for this growth: the fact that costs of incarceration are not fully internalized. Typically, prison is paid for at the state level, but county employees (such as judges, prosecutors or probation […]

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Why we should be optimistic about various vaccines

I’ve been a long-time reader of your blog, and I have enjoyed your analyses of how the pandemic could play out in the US. I saw that you gave some space to Arnold Kling’s pessimistic take on the vaccines. I’m a volunteer in the J&J Phase 3 vaccine trial, and my experience of the trial design […]

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