Theoretical models predict that going public firms generate positive externalities, creating a spillover effect for other firms to go public. In this paper, we posit that venture backed IPOs convey positive informational externalities for the publicly traded rival firms in the same industry and...

Theoretical models predict that going public firms generate positive externalities, creating a spillover effect for other firms to go public. In this paper, we posit that venture backed IPOs convey positive informational externalities for the publicly traded rival firms in the same industry and...

In this paper, a two-country leader-follower model with imperfect asset substitution is used to derive the optimal sterilization coefficients for two-country flexible and fixed exchange rate regimes. It is found that, in general, incomplete sterilization is optimal. However, both the origin and...

Sexual activity among adolescents is associated with risks such as pregnancy and STDs, and there is substantial policy interest in how peers influence the timing of sexual initiation. This paper measures separate effects for two social mechanisms--peer-group norms and partner availability--using...

This dissertation is a collection of three essays on high school dropout by adolescents and the roll of their siblings in this risky behavior. Dropping out of high school can scar the individual for his entire labor supply period with lower earnings, higher unemployment, and in turn incur...