We present a theory of context-dependent choice in which a consumer?s attention is drawn to salient attributes of goods, such as quality or price. An attribute is salient for a good when it stands out among the good?s attributes relative to that attribute?s average level in the choice set ðor,...

We use several data sets to consider the effect of teaching practices on student beliefs, as well as on organization of firms and institutions. In student level data, teaching practices (such as teachers lecturing versus students working in groups) exert a substantial influence on student...

Efficient legal rules are central to efficient resource allocation in a market economy. But the question whether the common law actually converges to efficiency in commercial areas has remained empirically untested. We create a data set of 461 state court appellate decisions involving the...

We investigate the determinants of regional development using a newly constructed database of 1569 sub-national regions from 110 countries covering 74 percent of the world?s surface and 96 percent of its GDP. We combine the cross-regional analysis of geographic, institutional, cultural, and...

Intro -- Contents -- Preface -- Introduction -- Political Control of Economic Activity -- Paths to Efficient Ownership -- The Russian Privatization Program -- Results of Russian rivatization -- From Privatization to Restructuring -- Conclusion -- Index.

Intro -- Contents -- Financial Innovation and Economic Crisis: An Introduction -- INVENTORS, PRODUCTS, AND INVESTORS IN FINANCE -- 1 Inventors in Finance: An Impressionistic History of the People Who Have Made Risk Management Work -- 2 Psychology and the Financial Crisis of 2007 - 2008 -- 3...