Cr¨¦mer and McLean [1] and McAfee and Reny [3] showed that, in "nearly all auctions", the seller can offer a mechanism that obtains full rent extraction. The mechanism designed by Cr¨¦mer and McLean differs from standard procedures in several respects. Notably, (a) bidders are required to...

How many adults should live in a house? How do people actually divide themselves up among households? Average household sizes vary substantially, both over time and in the cross-section. In New York City, we find that housing and income maintenance policies exert powerful influences on household...

Low college enrollment rates among low income students may stem from credit constraints, low academic skill, low quality schools, or some combination of these. Recent Massachusetts data allow the first use of school district fixed effects in the analysis of credit constraints, leading to four...

Traditional Healers are a source of health care for which Africans have always paid and even with the expansion of modern medicine healers are still popular. This paper advances the unique view that traditional healers neither possess supernatural power nor do they take advantage of their...