"The US mobile phone service industry has dramatically consolidated over the last two decades. One justification for consolidation is that merged firms can provide consumers with larger coverage areas at lower costs. We estimate the willingness to pay for national coverage to evaluate this...

We examine how a change in statutory accounting rules that reduces U.S. life insurers’ regulatory capital leads them to manage their capital, as well as real effects of this management in the insurance product market. Effective at the end of 2009, Actuarial Guideline 43 (AG 43) increases...