Industry size standards that determine eligibility for small business subsidies have vastly increased over the past decade. We exploit quasi-random variation in the implementation of size standard increases to study the effects on small firms, subsidy allocation, and industry outcomes using...

One of the absolutes in professional sports, and a reason for its success, is the uncertainty of the outcome of individual games, seasons, and championships. This uncertainty impacts a team's attendance and financial operation. While leagues cultivate uncertainty through various rules such as...

We study the empirical relationship between the quality of economic institutions and ease of territorial exit in a cross-section of countries by introducing several new variables that measure how difficult or easy it is for citizens to exit. Theoretically, the easier it is to emigrate from a...