of the Tiebout hypothesis using historical variation in mobility costs. Our extension of the Tiebout model to incorporate … such costs yields the following comparative statics: as mobility costs fall, the heterogeneity across communities of … mobility costs have fallen over time, a natural test of the Tiebout hypothesis is to take these predictions to the data here …

costs, where the future terms of trade are random. Allowing time dependent transportation costs adds a dimension of … in countries characterized by low terms of trade volatility and low financing costs. In these circumstances, imports are … pre-bought, and the spot market for imports is inactive. In countries where the financing costs and the terms of trade …

This paper presents new evidence on the costs of purchasing private annuity contracts to spread a given stock of assets … are purchased through a large group retirement saving program, some of the administrative costs are lower than those in …

's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or …

frequency of disputes asymmetry of stakes, the structure of information, and costs. Compared to a random sample of" U.S. patents …

In this article, we estimate the costs of hiring, separation, and retirement of employees for a representative sample … costs are generally asymmetric (hiring is cheaper than terminations), increasing, and concave functions of the number of … entries or exits (either retirements or terminations). There is a fixed component to each of these costs that is related to …