How do credit standards on the mortgage market affect neighbourhood choice and the resulting level of urban segregation …-2006 mortgage credit boom on the level of school segregation. Census tract racial composition is strongly correlated with the racial … composition of the 10 closest schools in the cross section. Matching a national data set of mortgage originations with annual …

We use survey data to study American households’ propensity to default when the value of their mortgage exceeds the … value of their house even if they can afford to pay their mortgage (strategic default). We find that 26% of the existing … the house. Yet, 17% of households would default, even if they can afford to pay their mortgage, when the equity shortfall …

provision or cheap talk, and competition inherent to social media may incentivize participants to either process better …, we find evidence that social media can be informative about future stock returns but that competition distorts opinions … rather than encouraging participants to process better information. In particular, competition induces exaggerated negative …

We propose a methodology for estimating the competition effects from entry when firms sell differentiated products. We … presence and to measure the magnitude of competition effects. We then show how to augment the traditional entry model with a … unbiased estimates of the competition effects from entry. We apply our approach to seven different local service sectors. We …

competition in an export market induces a firm to skew its export sales towards its best performing products. We find very strong …

This paper examines the role of competition in productivity perfromance in Britain over the period from the late …-nineteenth to the early twenty-first century. A detailed review of the evidence suggests that the weakness of competition from the … 1930s to the 1970s undermined productivity growth but since the 1970s stronger competition has been a key ingredient in …

enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …

have some endogenous buyer power from the horizontal competition of manufacturers. Our contribution allows to recover price … that the buyer power of supermarket chains is endogenous to the structure of manufacturers competition. …