In this paper, we focus on recorded music gifts during the holiday season and estimate the reduction in deadweight loss due to the transition from physical CD gift-giving to digital music gift-giving
The recent stock-market correction—the first in the U.S.
A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good.
The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon.
Massive dollars shuttled back and forth among firms on the twisted path to and passage of the 2017 tax reform.
We study an economy where intermediaries facilitate exchange between a supplier and consumers.
The joint pursuit of commercial and societal objectives will likely require non-traditional (non-hierarchical) ways of organizing.
Drug pricing in the U.S. is a persistently vexing policy problem.
We investigate equilibrium bidding in first-price auctions with asymmetric reserve prices.
A reform of the Western Energy Imbalance Market should target the right problem. Import leakage is a problem; resource shuffling is a solution.
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