Traders with specific characteristics operating in a pairwise exchange market may prefer to meet other traders with similar (or complementary) characteristics, while other categories of traders may not have such preferences. The existence of the second type imposes a negative externality on the...

We analyze a firm's job-assignment and worker-monitoring decisions when workers face occasional crises. Firms prefer to assign good workers to a difficult task and to not employ bad workers. Firms observe failures but only observe successfully resolved crises if they monitor the worker. If...

We examine how women's employment leads to household technology adoption in the context of mid-century United States. We posit that this relationship is strongest for households with low earning capacity whose consumption-leisure tradeoff crosses a threshold as women go to work. Using WWII...