Do apparently large minimum wage increases in an environment of recession produce clearer evidence of disemployment effects than is typically observed in the new minimum wage literature? This paper augments the sparse literature on the most recent increases in the U.S. minimum wage, using three...

HighlightsSemi-nonparametric Estimation of Secret Reserve Prices in AuctionsThis letter proposes an estimation method for the distribution of unobservable secret seller reserve prices in auctions. Within the symmetric independent private values model, I construct a two stage estimate via the...

Research and Development (R&D) investments can lead to robust stock returns in many instances. Investments in R&D create significant information asymmetry between the firm and the general public, which can lead to volatile trading activity as a result of the uncertainty stemming from the R&D...