Michael Kremer

TL;DR: In this article, the authors show that a hypothetical drug monopolist would price an HIV drug so high that only 4% of the infected population worldwide would purchase, matching actual drug prices and quantities in the early 2000s before subsidies in low-income countries ramped up.

TL;DR: In this article , the authors reported the optical detection of AT2022cmc, a rapidly fading source at cosmological distance (redshift z = 1.19325) the unique light curve of which transitioned into a luminous plateau within days.

TL;DR: In this paper, the authors proposed a new form of sanction, a loan embargo, which is more effective than trade sanctions and thus could help pressure dictators to undertake needed reforms by limiting their ability to borrow abroad and then loot borrowed funds.

TL;DR: In this paper, the authors study how optimal subsidies vary with disease characteristics by integrating a standard epidemiological model into a vaccine market with rational economic agents, and derive a simple condition under which vaccination exhibits increasing social returns, providing an argument for concentrating a capacity-constrained campaign in few regions.