In this paper we analyze recent trends in aggregate property crime rates in the United States. We propose a dynamic equilibrium model which guides our quantitative investigation of the major determinants of observed patterns of crime. Our main findings can be summarized as follows. First, the...

In this paper we present experimental evidence suggesting that observational learning (i.e. learning-by-not-doing but by observing) may outperform learning-by-doing.

In this paper we consider multilateral stochastic bargaining models with general agreement rules. For n-player games where in each period a player is randomly selected to allocate a stochastic level of surplus and q=n players have to agree on a proposal to induce its acceptance, we characterize...

In this paper we endogenize the number and characteristics of lobbies in a citizen-candidate model of representative democracy where citizens can lobby an elected policy-maker. We find that lobbying always matters. That is, lobbying always affects equilibrium policy outcomes. Moreover, only one...

In this paper we present experimental evidence suggesting that observational learning (i.e. learning-by-not-doing but by observing) may outperform learning-by-doing.