We test whether the tendency to overvalue a free service over a paid alternative may lead to inferior economic outcomes. We use data from an online classified home service in Israel that allows sellers to offer their housing units for sale under either free-basic or paid-premium listing...

We discuss and formally show a multi-period equilibrium in which, counter to preliminary intuition, a creator of a work, motivated by economic considerations, promotes breach of his own copyrights. In effect, by selectively enforcing copyrights, the creator is allegedly indirectly involved in...

This paper explores the consequences of discriminatory trade liberalization in the presence of quota-protected single-firm industries. In recent years, trade liberalization among developing nations increasingly has occurred outside of the multi-lateral, GATT-based, negotiating rounds. Instead we...