140 countries have adopted bans on exports of antiquities, in part because these are seen as needed to protect cultural heritage for future generations. However, if enforcement is imperfect, export bans may be counterproductive, spurring the growth of a black market trade which can damage...

We argue that in pharmaceutical markets, variation in the arrival time of consumer heterogeneity creates differences between a producer's ability to extract consumer surplus with preventives and treatments, potentially distorting R&D decisions. If consumers vary only in disease risk, revenue...

140 countries have adopted bans on exports of antiquities, in part because these are seen as needed to protect cultural heritage for future generations. However, if enforcement is imperfect, export bans may be counterproductive, spurring the growth of a black market trade which can damage...