We conduct a series of laboratory experiments that implement the Daley and Green (2020) model to examine whether the gradual, exogenous revelation of sellers’ private information influences the ...

Using transaction-level data on US congressional stock trades, we find that lawmakers who later ascend to leadership positions perform similarly to matched peers beforehand but outperform them by 47 ...

Two years after the imposition of a student cell phone ban, student test scores in a large urban school district were significantly higher than before, David N. Figlio and Umut Özek find in The Impact ...

Climate change is already increasing temperatures and raising the frequency of natural disasters in the United States. In this paper, we examine several major vectors through which climate change ...

NBER conferences are by invitation. All participants are expected to comply with the NBER's Conference Code of Conduct.

We estimate and compare impacts of cash and in-kind transfers on the consumption of temptation goods in the same population, and explore normative implications. We use two decades of data from South ...

We compare the lending technology of direct lenders, banks, and finance companies using a unique data set on secured borrowing by the universe of U.S.-based private middle market firms. The borrowers ...

Does ambiguity (Knightian uncertainty) or risk provide a greater discouragement to investment? There is general agreement in the financial press that uncertainty discourages investment, with ...

We conclude that the DEU methodology and data, as they are described in the article, do not support the conclusion that broad-based increases in market power have occurred in recent decades. This ...

We evaluate the effects of the nationwide transition in the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) from paper vouchers to Electronic Benefit Transfer (EBT) cards ...

We study how a monopolist’s use of consumer data for price discrimination affects welfare. To answer this question, we develop a model of market segmentation subject to residual uncertainty. We fully ...

This paper studies the connection between regional growth trends and labor market dynamics. New data on manufacturing worker flows for U.S. cities 1969-1981 show more new hires and more voluntary ...