A Price Theory of Vertical and Lateral Integration

Abstract We investigate the consumption consequences of the 2006 to 2009 housing collapse using the highly unequal geographic distribution of wealth l

Abstract We examine the risk-taking behavior of money market funds during the financial crisis of 2007–2010. We find that (1) money market funds exper

Abstract We examine the risk-taking behavior of money market funds during the financial crisis of 2007–2010. We find that (1) money market funds exper

Abstract We develop a framework for nonparametrically identifying optimization frictions and structural elasticities using notches—discontinuities in

Abstract We develop a framework for nonparametrically identifying optimization frictions and structural elasticities using notches—discontinuities in

Abstract We investigate the consumption consequences of the 2006 to 2009 housing collapse using the highly unequal geographic distribution of wealth l

Abstract We study the role of establishment-specific wage premiums in generating recent increases in West German wage inequality. Models with additive

Abstract We study the role of establishment-specific wage premiums in generating recent increases in West German wage inequality. Models with additive

Abstract This article studies the role of employer behavior in generating “negative duration dependence”—the adverse effect of a longer unemployment s

Abstract This article studies the role of employer behavior in generating “negative duration dependence”—the adverse effect of a longer unemployment s