approximates Harris' (1954) market-potential function. The estimation results show how far demand linkages extend across space and …

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 …

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 …

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