This paper examines the effects of foreign aid on fertility rates in recipient countries using Rajan and Subramanian’s (2008) cross-sectional and panel methods. Our cross-section results suggest that foreign aid has a positive effect on fertility. Interestingly, social sector aid (but not...

We study the effect of cross-shareholding among two competing firms on their bidding behavior and the expected sales revenue for the seller in an auction environment. The bidders’ private signals are independent, and the model encompasses the private values model and a particular common value...

It is not obvious whether a firm's more talented workers should be more specialized, and in fact, the relationship between ability and specialization seems to differ across industries. In this paper, I examine the case of knowledge production in economic research, and find that abler economists...

Celebrity musicians and other famous touring performers face problems similar to those of a durable good seller with market power, since the number of tickets sold (or expected to be sold) at a given time has intertemporal demand effects. I show that the durability of celebrity output leads to...

I compare and contrast theories of why NBA players misbehave on the court, then test them empirically. I find evidence that earnings are positively correlated with misbehavior and that both absolute and relative salary matter. For instance, a player who is highest paid on his team misbehaves...

Children born to unmarried parents may receive lower human capital investments, leading to higher levels of criminal activity as adults. Therefore, unmarried fertility may be positively associated with future crime. Alternatively, in an environment in which social stigma attached to nonmarital...

The use of Internet technology for solicitation by sex workers has raised important legal and regulatory questions. We provide a description of the new institutions that facilitate prostitution online, and their potential market effects. We then supply some of the first evidence on several key...

The Research Handbook on the Economics of Family Law gives us a series of original essays by distinguished scholars in economics, law or both. The essays represent a variety of approaches to the field. Many contain extensive surveys of the literature with respect to the particular question they...

Spillovers to productivity across workers may exist when workers produce in teams. Under certain conditions, these spillovers may cause a worker's marginal product to differ across different firms. Empirical examination of professional basketball finds significant spillovers to offensive...