This paper investigates the relationship between a dealer’s network and their ability to survive in the market using a dataset of 19th-century English art transactions. We find that dealers who purchased artworks from central sellers, and thus developed high hub centralities, survived in the...

This paper offers a theoretical framework associating subcontractor networks in procurement auctions to affiliated costs among bidders. Building on the methodology by Li and Zhang (2010), we construct a model that allows for cost affiliation depending on firm-pair observables. The extension is...

More than twenty years have passed since some states restructured their intra-state electricity markets, opening these former monopoly markets to competition. A number of studies have subsequently examined such restructurings, yet two key characteristics of the extant research create the...

We study the impact of stimulus infrastructure spending on the road construction industry. We find that a decline in private construction during the Great Recession led to a marketable increase in firm participation in the road construction industry. This short-term change in participation...

In Ripples of Hope, Robert M. Press tells the stories of mothers, students, teachers, journalists, attorneys, and many others who courageously stood up for freedom and human rights against repressive rulers and who helped bring about change through primarily nonviolent means. Global in...