the seemingly failure of the private insurance market to provide coverage for terrorism losses after the attack on … September 11, 2001. This paper surveys the evidence of the supposed private market failures after 9/11 and the arguments for … government provision of terrorism insurance. The paper argues that mostly unfettered insurance and capital markets are capable of …

satisfaction grow in market size. We document this phenomenon across 246 US radio markets. By a mechanism that we term 'preference … externalities', an increase in the size of the market brings forth additional products valued by others with similar tastes. But who … possibly reduced) by the size of the white population. Consequently, small groups receive less variety from the market. Forces …

Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers …

We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics (e …

Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We … examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation. We find … that product market regulations affect time devoted to market work in effectively the same fashion as do taxes on labor …

This study explores economic aspects of the market for long term care (LTC) with a special focus on Japan. First, we …

insurance market … the small size of this market is driven primarily by supply side market imperfections or by limitations to demand, however …, is unresolved, largely due to the paucity of data about the structure of the private market. We provide what is to our …