The increased burden of disclosure and governance regulations is often cited as a key reason for the significant decline in the number of publicly-listed companies in the U.S. We explore the connection between regulatory costs and the number of listed firms by exploiting a regulatory quirk: many...

We analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives...

This paper studies the 2008 MillerCoors joint venture in the U.S. beer industry through a vertically related market framework. The cost efficiency and increased upstream market power impacts of this merger are quantitively measured and, more importantly, the effect of downstream concentration on...