Population aging is occurring around the world, presenting a number of policy challenges. Most notably, it will increase dependency ratios…
This book collects some of the author's most illuminating recent papers on competition policy published since the turn of the millennium.…
In recent years, productivity growth in developed economies has been stagnating. The most prominent explanations of this trend involve…
With Congress fractured by hyperpartisanship and the media hindered by accusations of bias and “fake news,” it appears unlikely that these…
This paper examines the choice between subsidizing investment or output to promote socially desirable production. We exploit a natural…
In this paper, we focus on recorded music gifts during the holiday season and estimate the reduction in deadweight loss due to the…
The recent stock-market correction—the first in the U.S. in two years—has invited substantial commentary about what investors should do,…
A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good. Absent a…
The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon. At…