“...The “market for patents”—the sale of patents—is an often discussed source of incentives to invest in R&D. This article presents and estimates a model of the...”

“...I consider a scenario where a social planner suspects that a crime has been committed. There are many suspects and at most one of them is guilty. I...”

“...Incomplete information in property value hedonic models can bias estimates of marginal willingness to pay (MWTP). Using brownfield remediation as an...”

“...When firms bid in procurement auctions, they take into account the likelihood of future contract renegotiations. If they anticipate that certain input...”

“...We examine the effect of financial constraints on firm investment and cash flow. We combine data from the Spanish Mercantile Registry and the Bank of Spain...”

“...We ask whether a pay‐as‐you‐go financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We show that the whole...”

“...This article provides a simple model that explains the choice between permanent and temporary jobs. This model, which incorporates important features of actual...”

“...This article studies the allocation of heterogeneous agents to levels of educational attainment. The goal is to understand the magnitudes and sources of...”

“...Inflows of foreign knowledge are key for developing countries to catch up with the world technology frontier. I construct a model to analyze the entry...”

“...For a class of standard and widely used preferences, a one‐shot money injection in a standard matching model can induce a significant and persistent output...”