“...Many cities in North America formed at obstacles to water navigation, where continued transport required overland hauling or portage. Portage sites attracted...”

“...This article develops a model that speaks to the goals and methods of financial stability policies. There are three main points. First, from a normative...”

“...This article studies market competition when firms can influence consumers' ability to compare market alternatives through their choice of price "formats." In...”

“...This article characterizes optimal policy when a government uses indirect control to exert its authority. We develop a dynamic principal-agent model in which a...”

“...This article examines the impact of jury racial composition on trial outcomes using a data set of felony trials in Florida between 2000 and 2010. We use a...”

“...This article incorporates a time-varying severity of disasters into the hypothesis proposed by and Barro (2006) that risk premia result from the possibility of...”

“...This paper explores the consequences of improving property rights to facilitate the use of fixed assets as collateral, popularly attributed to the influential...”

“...One goal of extending the duration of unemployment insurance (UI) in recessions is to increase UI coverage in the face of longer unemployment spells. Although...”

“...We report on the experimental results of simple auctions with (i) a median-bid pricing rule and (ii) nonbinding bids (winning bids can be withdrawn)--the two...”