This discussion paper led to a publication in the <A href="http://www.sciencedirect.com/science/article/pii/S0167718710000913">'International Journal of Industrial Organization'</A>, 29(2), 232-41.<P>Taking technological differences between firms as given, we show that the technologically advanced firm has a stronger incentive for technology licensing under a decentralized...</p></a>

We adopt a structural time series analysis to investigate the impact of parole abolition and sentence reform in Virginia on reported crime rates. The Commonwealth of Virginia abolished parole and reformed sentencing for all felony offences committed on or after January 1, 1995. To examine the...

This paper presents evidence about the impact on school enrollment of a program in Ecuador that gives cash transfers to the 40 percent poorest families. The evaluation design consists of a randomized experiment for families around the first quintile of the poverty index and of a regression...

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...

This discussion paper led to a publication in <A href="http://www.sciencedirect.com/science/article/pii/S0272775711001427">'Economics of Education Review'</A>, 31(1), 33-44.<p>Policies need not only to be well designed to effectively address market failures, but their parameters also need to be part of agents’ information sets. This is illustrated by government student loans...</p></a>

Although the literature on the effectiveness of child care centers in developing countries is thin, most of the studies have concluded that the provision of these services are beneficial to enhance the development of poor children at early ages. Using different matching techniques, the results...