We examine college affordability under the existing pricing and financial aid system that awards both non need-based and need-based aid. Using data of freshmen attending a large number of selective private and public colleges in the USA, we find that the prices students actually pay for college...

This paper reexamines why voluntary export restraints are voluntary. It is shown that the results depend crucially on whether domestic goods and imports are regarded as strategic substitutes or strategic complements. This, in turn, depends on the following conditions: the form of the demand and...

This paper examines the effect of the international competitiveness of home producers on their pricing. Evidence based on the 1970-75 period supports the claim that in the Canadian manufacturing sector domestic prices are set in accordance with a mixture of two pricing hypotheses: the...

This study investigated why documentation of certain homeowners who participated in the trial period plan (TPP) of HAMP went missing using a model of strategic behavior of homeowners and servicers. I found that the likelihood of cancellation of the TPP for missing documentation was higher for...