It is frequently asserted that changes in regulatory practice during the 1980s, e.g. the refusal to allow utilities full cost recovery for expensive nuclear power plants, have undermined incentives for investment by electric utilities. We offer the first empirical test of this proposition, by...

This paper uses direct evidence on the self-perceived and actual mortality risk of individuals, as well as the price and quantity of their life insurance, to evaluate whether asymmetric information is a barrier to trade in insurace markets.

This paper investigates the factors explaining significant policy change by studying how bipartisan support developed to sustain the Reciprocal Trade Agreements Act (RTAA) of 1934.