The declining college affordability hypothesis rests primarily on polling results, a rising share of income taken by college costs, and rising student debt. But, polls, debt, and the share of income taken by college costs are not sufficient statistics to determine if affordability has in fact...

Eight multilateral rounds of negotiations under the General Agreement on Tariffs and Trade (GATT) and international agreements under the World Trade Organisation (WTO) have contributed significantly to the reduction of tariffs among WTO members. However, the imposition and use of non-tariff...

Should exporters worry about country-of-origin bias? Although the pervasiveness of country-level product advertising suggests that they do, lack of data has limited the empirical study of subjective bias toward products from a specific country. Using data from the U.S. wine industry, including...

We develop a valid definition of technological radicalness which states that a successful radical invention is: (1) novel, (2) unique, and (3) has an impact on future technology. The first two criteria allow us to identify potentially radical inventions ex ante market introduction; adding the...

This paper demonstrates the possibility of constructing a measure of product diversity using observed price and quantity data. We do this by positing a utility function, where utility depends on bilateral distance between products. We show how these unobserved parameters can be inferred from...