Firms in mobile telephone markets place termination charges on one another for delivering calls to subscribers. We present a model of consumer and firm behavior in mobile markets in order to identify the role of termination charges in determining the market equilibrium. Our model predicts a...

Institutions of higher education are increasingly relying upon alumni giving and endowment earnings as sources of funding. This paper utilizes a new database on average alumni donations at the institutional level and institutional characteristics to explore the role that lagged institutional...

This paper applies quantile regression and non-parametric density estimation techniques to international data on long-run economic growth. The approach reveals that previously identified drivers of growth vary in their impact across the conditional distribution of international growth....

We analyze a model in which the interaction of broadcasters, advertisers, and consumers determines the level of nonadvertising broadcasting produced and consumed. Our main finding is that an increase in concentration in broadcast media industries may lead to a decrease in the total amount of...