We estimate the effect of new unionization on firms’ equity value over the 1961-1999 period using a newly assembled sample of National Labor Relations Board (NLRB) representation elections matched to stock market data. Event-study estimates show an average union effect on the equity value of...

A great deal of urban policy depends on the possibly of creating stable, economically and racially mixed neighborhoods. Many social interaction models - including the seminal Schelling (1971) model - have the feature that the only stable equilibria are fully segregated. These models suggest that...

A great deal of urban policy depends on the possibly of creating stable, economically and racially mixed neighborhoods. Many social interaction models - including the seminal Schelling (1971) model - have the feature that the only stable equilibria are fully segregated. These models suggest that...

A great deal of urban policy depends on the possibly of creating stable, economically and racially mixed neighborhoods. Many social interaction models - including the seminal Schelling (1971) model - have the feature that the only stable equilibria are fully segregated. These models suggest that...