We evaluate why individuals invest in high-fee index funds. In our experiments, subjects each allocate $10,000 across four S&P 500…
Research on entrepreneurship often examines the local dimensions of new business formation. The local environment influences the choices of…
In this paper, we first provide a simple framework for cooperation in product development between competitors. We put forward the tradeoff…
Work on good governance implies a one-best-way model of effective government. This has isomorphic influences on development, whereby…
This paper, written for a larger compendium edited by
Dennis Mueller, examines key dynamic features of capitalistic
economies and how…
We show that adjustment costs for workers interact with hours constraints set by firms to determine the effect of taxes on labor supply. We…
The Harvard Project on International Climate Agreements seeks to identify key design elements of a scientifically sound, economically…
In the housing boom, Americans transformed home ownership into an uber-investment. In the subsequent bust, they reevaluated the return on…
This article discusses difference-in-differences (DID) estimators, which are commonly applied in evaluation research. In particular, the…