We investigate the efficiency properties of population mobility when localities compete in an environment with local amenities and local externalities. Our model is dynamic, incorporating land and labor markets in a context where firms and workers form rational expectations. Concern focuses on...

Over time, there has been a dramatic change in our understanding of the relationship between the price level and output over the business cycle. For several decades, the conventional wisdom maintained that the price level are procyclical. Arguably, the biggest development in our understanding...

This paper reports results from a resume-based field experiment designed to examine employer preferences for job applicants who attended for-profit colleges. For-profit colleges have seen sharp increases in enrollment in recent years despite alternatives such as public community colleges being...

We study mass customization in a duopoly game in which the firms' products have different qualities. Whether customization choices are made simultaneously or sequentially is endogenously determined. Specifically, the customization stage of the game involves two periods. Each firm either selects...

We sent nearly 9,000 fictitious resumes to advertisements for job openings in seven major cities in the United States across six occupational categories. We randomly assigned names to the resumes that convey race and gender but for which a strong socioeconomic connotation is not implicated. We...

In this paper we use mechanism design approach to find the optimal file-sharing mechanism in a peer-to-peer network. This mechanism improves upon existing incentive schemes. In particular, we show that peer-approved scheme is never optimal and service-quality scheme is optimal only under certain...

States differ substantially in the structures of their public four-year university systems. This paper uses micro-level data to evaluate the effects of postsecondary education structure on individuals’ educational and labor-market outcomes. Postsecondary education structure affects...

We evaluate the integrating and segregating effects of school choice in a large, urban school district. Our findings, based on applications for fall 2001, suggest that open enrollment, a school-choice program that does not have explicit integrative objectives and does not provide busing,...

The costs of state and local pension plans have been a source of fiscal stress in many states and communities. This has led legislatures to consider major changes in these plans. In order to assess the fiscal and staffing consequences of plan changes it is important to develop reliable...

Elsewhere (Groseclose and Milyo, 2010), we examine a game where each legislator has preferences over (i) the resulting policy and (ii) how he or she votes. The latter preferences are especially important when the legislator is not pivotal. We show that when the game follows the normal rules of...