This article presents a new method of teaching ethics in economics based on recent developments in game theory. Economics traditionally divides normative questions from positive questions, and relies only on the Pareto principle to distinguish good actions and policies from bad ones in answering...

Economic policy decisions require comparisons of the gains and losses from policy choices to different people. If those gains can be valued in monetary terms, than all that is needed is a comparison of the value of income to different persons, which can be weights in cost-benefit analysis. An...

In the absence of kidney markets, alternative institutions for exchanging kidneys have arisen to give donors incentives to donate. I examine thirteen such institutions, and ask whether moral arguments against markets, such as commodification, apply to them or not. I find that most arguments...

We exploit changes in the residential and social environment on campus to identify the economic and academic consequences of fraternity membership at a small Northeastern college. Our estimates suggest that these consequences are large, with fraternity membership lowering student GPA by...

In this paper I present an asymmetric version of the familiar public goods classroom experiment, in which some players are given more tokens to invest than others, and players collectively decide whether to divide the return to the group investment asymmetrically as well. The asymmetry between...

We provide an empirical analysis of the determinants of cumulative Covid infection rates at over 1,100 US colleges and universities during the 2020-21 academic year. We propose a simple theoretical framework in which financially constrained educational institutions face a trade-off between...

We provide an empirical analysis of the determinants of cumulative COVID infection rates at over 1,100 US colleges and universities during the 2020-21 academic year. We propose a simple theoretical framework in which financially constrained educational institutions face a trade-off between...