We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions of the model using sales complaint data for exclusive and...

Why do some countries give foreign aid to poorer countries and what is its effect on recipient growth? Many decades of research has not provided definitive answers to either of these questions. One obstacle to answering these linked questions is that unobserved donor motivation may create an...