In this working paper, Bachman, Chakravorti, Rane, and Thyagarajan propose an incentive mechanism to remove CO2 from the atmosphere using direct air carbon capture and storage technology using distributed ledger technology.
Using random forest estimation, we identify 14 key predictors out of 190 variables with the largest predictive power for MSMR adoption and usage of digital payments. Using conditional inference trees, we study the importance of sequencing and interactions of various factors such as public sector initiatives, technological advancements, and private...
Bolt and Chakravorti study the ability of banks and merchants to influence the consumer's payment instrument choice. Consumers participate in payment card networks to insure themselves against three types of shocks - income, theft, and their merchant match. Merchants choose which payment instruments to accept based on their production costs...