The observation that many workers report wanting to work more or fewer hours at their current rate of pay appears to contradict standard neoclassical theory. Although most jobs limit the ability of workers to choose hours, economists typically assume that workers can choose hours by choosing...

Technological changes over the past two decades have made it easier to distribute and to copy intellectual property. Creators and owners of intellectual property have responded to these changes with a variety of creative pricing strategies. The paper reviews some of these pricing innovations....

This paper estimates the dollar amount of public higher education subsidies received by U.S. youth and examines the distribution of subsidies and the taxes which finance them across parental and student income levels. Although youths from highincome families obtain more benefit from higher...

On college campuses across the country and on millions of home computers, too, young adults download from each other digital files containing recorded music and films for their entertainment. The owners of that copyrighted material pursue the downloaders with legal action as well as the software...

Despite some empirical evidence to the contrary, government subsidy to higher education is usually presumed to be inequitable because college-educated workers earn more than less educated workers. Using a simple model of edu- cational choice with endogenous wages and two worker types, I obtain...